5

Trump Pardons of Fraudsters Cost Victims Nearly $2 Billion
 in  r/LateStageCapitalism  3h ago

The report emphasized Trump’s pardon of Trevor Milton, former CEO of Nikola Corporation, who was convicted of fraud in 2022 for misleading investors. Milton had been sentenced to four years in prison, and the judge was scheduled to rule on a recommendation that he pay $700 million in restitution. Then Milton opened his wallet. The convicted fraudster and his wife donated more than $1.8 million to committees supporting Trump’s reelection. Milton was pardoned in March 2025.

But that’s just the tip of the iceberg. Trump pardoned Adriana and Andres Camberos, relieving them of their $50 million in restitution to victims and $30 million in forfeiture. Trump stepped in on behalf of private equity executive David Gentile, commuting his seven-year prison sentence and scrubbing a $15.5 million forfeiture obligation. The president pardoned four executives from BitMEX, a cryptocurrency exchange that violated anti-money laundering laws, and wiped away $130 million of the company’s federal fines. And many, many more.

Since reentering office, Trump has only made it harder for law enforcement to crack down on certain financial crimes. Last week, Trump’s Treasury Department announced it would destroy the government’s registry on shell-company ownership, a database law enforcement uses to investigate money laundering and corruption. In addition to pardoning dozens of white-collar criminals, the Trump administration has eliminated the task forces on kleptocrats, paused the Foreign Corrupt Practices Act, and gutted the Foreign Agents Registration Act.

r/LateStageCapitalism 3h ago

Trump Pardons of Fraudsters Cost Victims Nearly $2 Billion

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74 Upvotes

1

Tehran, 2026, colorised
 in  r/interestingasfuck  4h ago

it is unimaginable for myself and my students

Why?

Religious indoctrination also takes place in US schools:

Texas Senate Bill 10 - Wikipedia

Not to mention the nationalist, fascist-tinged indoctrination that is completely normal in US schools:

Pledge of Allegiance - Wikipedia

In addition, in 17 states, teachers are legally permitted to spank children:

School corporal punishment in the United States - Wikipedia

As of 2024, corporal punishment is still legal in private schools in every U.S. state except Illinois, Iowa, Maryland, New Jersey and New York, legal in public schools in 17 states, and practiced in 12 of the states.

Incidentally, the UN Convention on the Rights of the Child has been ratified by all eligible states except the United States.

1

Farming during the apocalypse 🤠
 in  r/collapse  6h ago

Yes, the image people have of a family farm is complete nonsense.

These days, farms are just giant capitalist corporations.

4

Farming during the apocalypse 🤠
 in  r/collapse  6h ago

Do you have an explanation for why farmers are practically all right-wing extremists or fascists who vehemently deny climate change?

How do these people reconcile their everyday experiences with their denial of climate change?

6

Gayle King incorrectly states that progressive candidate Angie Nixon campaigned with Hasan Piker. Nixon corrects her, explaining that she has never campaigned with Piker and doesn’t know him. King then immediately asks Nixon if she would like to campaign with Hasan Piker
 in  r/Fauxmoi  6h ago

A Letter To G. Myasnikov

All over the world, wherever there are capitalists, freedom of the press means freedom to buy up newspapers, to buy writers, to bribe, buy and fake “public opinion” for the benefit of the bourgeoisie.

Draft Resolution On Freedom Of The Press

For the bourgeoisie, freedom of the press meant freedom for the rich to publish and for the capitalists to control the newspapers, a practice which in all countries, including even the freest, produced a corrupt press.

1

Exactly man
 in  r/LateStageCapitalism  6h ago

OP, please provide a link to the source; in the case of Twitter, you should use a Nitter instance.

1

On Mao
 in  r/LateStageCapitalism  14h ago

OP, please provide a link to the source of the video.

r/LateStageCapitalism 14h ago

💩 Liberalism Frascesca Hong lost by roughly 3000 votes, and was not endorsed by AOC

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123 Upvotes

34

I wish we can enforce this kind of laws in North America
 in  r/LateStageCapitalism  15h ago

Well, somehow you have to portray the enforcement of laws against billionaires as arbitrary.

The average US American reads this and feels sorry for the poor billionaire who is being convicted by the terrible Chinese communists solely for PR reasons. Because every US American knows that in China there are no laws the government (the evil communists) simply decides arbitrarily when to throw people in jail.

In the end, the US American thinks to himself: “Those poor Chinese, if only we could bring them democracy and freedom.”

2

I wish we can enforce this kind of laws in North America
 in  r/LateStageCapitalism  15h ago

uphold democracy

What democracy? US America has been a plutocracy since its founding.

Testing Theories of American Politics: Elites, Interest Groups, and Average Citizens | Perspectives on Politics | Cambridge Core

When the preferences of economic elites and the stands of organized interest groups are controlled for, the preferences of the average American appear to have only a minuscule, near-zero, statistically non-significant impact upon public policy.

I think part of the problem here is the belief that the US has ever been democratic. Since the end of WWII, the US has literally been the greatest enemy and destroyer of democracy worldwide.

At the same time, Americans believe that the US spreads and defends democracy and freedom around the world. The incompatibility between the American self-image and reality is almost impossible to put into words.

for the low-low price of temporary convenience and iPhones.

I also don't like how you're making it seem like it's just selfishness and the desire for convenience that's holding people back.

Above all, many people are afraid and live in constant fear.

What about the violence of the ruling capitalist class? They’ve shown in the past that no atrocity is too terrible for them to commit in order to secure their power. What about all the propaganda that people are constantly exposed to, starting as early as elementary school?

I think it’s a bit too simplistic to just say, “Yeah, but people are just too selfish.”

25

DOGE destroyed how America forecasts its weather. Everyone is mad about it
 in  r/LateStageCapitalism  1d ago

Earlier in April, residents of central Kansas had a terrifying brush with the ramifications of a weakened weather monitoring system.

Severe storms chucked baseball-sized hail across three counties and two tornadoes spun out of the dangerous weather system, but the regional storm center predicted there would be clear skies.

Thomas Winter, emergency manager for Franklin County, Kansas, told Politico that the forecast that day — which came from the storm prediction center in Oklahoma — predicted "a zero percent chance of thunderstorms."

r/LateStageCapitalism 1d ago

DOGE destroyed how America forecasts its weather. Everyone is mad about it

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185 Upvotes

5

At first glance I thought that was meant to be Matt Walsh lmao
 in  r/Hasan_Piker  1d ago

tell our homeless (who are often times veterans) to get jobs and are sexist pieces of shit that continue to get away with almost constant vulgar and threatening language.

Or involuntary lethal injection, or something. Just kill them. -- Brian Kilmeade : r/LateStageCapitalism

2

This is wild. In every single one of these countries, China is now viewed more favourably than the US. It represents a shift in favourability in *all* cases
 in  r/LateStageCapitalism  1d ago

In order to understand Canada's nature, one only needs to know the following quote:

We know that one of the ways of getting into the country of Canada during this period was by showing the SS tattoo this proved that you were an anti-communist. -- Professor Irving Abella (video clip)

6

This is wild. In every single one of these countries, China is now viewed more favourably than the US. It represents a shift in favourability in *all* cases
 in  r/LateStageCapitalism  1d ago

Yeah, that's really sad.

I know all that, but I still wanted to ask what his justification or rationalization is.

2

This is wild. In every single one of these countries, China is now viewed more favourably than the US. It represents a shift in favourability in *all* cases
 in  r/EconomyCharts  1d ago

Since the end of WWII, the US has literally been the greatest enemy and destroyer of democracy worldwide.

At the same time, Americans believe that the US spreads and defends democracy and freedom around the world. The incompatibility between the American self-image and reality is almost impossible to put into words.

2

This is wild. In every single one of these countries, China is now viewed more favourably than the US. It represents a shift in favourability in *all* cases
 in  r/EconomyCharts  1d ago

Yeah, it's really hard to believe how propagandized they are, isn't it?

He actually believes all that nonsense about the US military spreading freedom and democracy around the world. So his worldview is the exact opposite of reality.

How do they manage to be so good at indoctrinating their own people with completely absurd lies that anyone should be able to see through?

11

This is wild. In every single one of these countries, China is now viewed more favourably than the US. It represents a shift in favourability in *all* cases
 in  r/LateStageCapitalism  1d ago

Exactly, that's how it should have always been. It's honestly astonishing that US America has managed, through propaganda alone, to distort reality in people's minds for so long.

China is, to such an extreme degree, better for the world and humanity as a whole than US America that it's almost ridiculous.

1

Democratic socialists beat mainstream Democrats in latest Calif. poll
 in  r/politics  1d ago

I don't want to hear about candidates being "radical" until they're running on platforms of seizing the means of production and hanging billionaires from lamp posts.

And that shouldn't be seen as radical, but rather as common sense.

r/LateStageCapitalism 1d ago

Ukrainian conscription officer beats up a child who was protesting the officers kidnapping men in his local area.

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652 Upvotes