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It’s virtually impossible to predict what lies ahead for Iran and its people. But if President Donald Trump decides to take military action against Iran’s current regime, nothing good will come out of it.
Iran’s Islamic regime is under incredible pressure as the protests that begun in late December over the collapse of the currency have morphed into a mass popular uprising that has spread across the entire country and shows no sign of slowing despite a brutal crackdown that has resulted so far in the killing of thousands of protesters.
Make no mistake about it. Iran’s current leadership is murdering its own citizens in order to remain in power and thus block the growing support for secularism, freedom, and democracy. It’s as simple as that. This is a regime that has been facing unprecedented hostility by the United States and some of its closest allies since coming to power in 1979 but has been far more interested in exporting the Islamic revolution than looking after the well-being of its own citizens. It is a reactionary regime that has suppressed the fundamental rights of women, banned independent trade unions, and engaged in a systematic crackdown of communists and other leftists, all the while catering to powerful national capitalist interests.
Iranians have a long history of rebellion against authoritarianism and repression. Under the Shah, Iran had one of the world’s most brutal and repressive regimes, strongly supported by the United States. Indeed, while the Shah sought to modernize the country and even gave women the right to vote, and the Family Protection Law of 1968 granted women certain rights in divorce and custody, he and his generals ran the country with an iron first. Tens of thousands of Iranians were killed during the Shah’s reign, and Iran’s dreaded secret police, SAVAK, employed torture and execution to stifle political opposition.
Yet, Ayatollah Khomeini’s 1979 revolution, aided by Marxists, intellectuals, various secular groups, and the middle class, did not represent a transition from monarchy to democracy. Instead, it replaced a brutal, pro-Western monarchy with a theocratic regime that rolled back much of the social progress that had occurred up to that point. Repression came back, this time with an Islamic face, though the regime enjoyed at first considerable support among merchants, students, clerics, and the poor. Khomeini’s regime massacred and exiled all communists and embarked on a campaign of purification of policies. Women’s rights were drastically curtailed, and this included the removal of professional women from the public sector as well as the adoption of various means and methods aimed at discouraging women in general from entering the labor force.
The US is an imperialist power with a long history of undermining democracy throughout the world. The Iranian people will not accept US interference into their own political affairs.
Iranian women took to the streets by the thousands just a few weeks after the revolution to oppose Khomeini’s decree mandating the hijab. This decree was followed by a ban on alcohol, the separation of men and women in schools and beaches, and the criminalization of music. Iran was converted in no time from a Westernized society with a brutal political regime to an Islamic state sustained by an equally brutal political regime. Under the new social order, religion and state mixed as thoroughly as they did in Saudi Arabia. The only difference is that the two countries followed different branches of Islam--Iran’s political system is based on Shiism, while Saudi Arabia’s rests on Wahhabism.
More recently, in 2022, the death of the 22-year-old Kurdish-Iranian woman Jina Mahsa Amini while under morality police custody sparked the nationwide “Woman, Life, Freedom” protests, which people from all walks of life joined to call for an end to the four-decade rule of Iran by the religious fanatics. The Iranian authorities responded by detaining thousands of people while killing more than 560 protesters. It was reported that the average age of those arrested was 15.
The key reasons behind the current anti-government protests are economic hardships and political grievances. Iran’s economy has been under severe strains for a long time due to the international sanctions but also because of mismanagement, corruption, and a host of deep structural problems (chronic inflation, widespread poverty, and high youth unemployment, among others) which the regime has failed to address.
Protests broke out on December 28 after the Iranian currency, the rial, crumbled against the US dollar, leading to soaring food prices and to an even higher inflation rate, which had already risen to nearly 50%. It all started with demonstrations by shopkeepers in Tehran’s Grand Bazaar, but they quickly spread to numerous cities across the country, reflecting deep and widespread discontent among the general citizenry with the current regime. This means that the protests, which have been very large in size and joined by people from across Iranian society, are not simply driven by economic worries. They are political protests against a corrupt and oppressive regime.
According to some sources, more than 2,500 people have been killed by the Iranian authorities since the protests begun, but there are unverified reports, suggesting that the number of protesters killed could be at least 12,000 and possibly as high as 20,000. Leading Iranian officials have labeled protesters as “enemies of God,” a charge that is punishable by death under the laws of the Islamic Republic of Iran. They also insist that the protests are foreign driven.
Israel and the United States would like nothing more than to see regime change in Tehran and turn Iran into a US-Israeli vassal state. But the claim that the Iranian people are protesting against a dictatorship by being a pawn in the hands of foreign powers deserves nothing but scorn. Nonetheless, it speaks volumes of how alienated the regime’s rulers must feel from the nation’s citizenry. I suspect that deep down they are cognizant of the fact that their regime lacks political legitimacy in the eyes of the vast majority of the Iranian people.
The people of Iran have not forgotten the involvement of the CIA in the 1953 coup that ousted the democratically elected Prime Minister Muhammad Mossadegh. Their desire to get rid of Iran’s current regime is not an invitation for foreign interference. Indeed, who is to say that perhaps none of the courageous protesters would be paying with their lives for Iran to be free from an oppressive theocracy if the 1953 coup hadn’t happened?
It’s virtually impossible to predict what lies ahead for Iran and its people. But if President Donald Trump decides to take military action against Iran’s current regime, nothing good will come out of it. The US is an imperialist power with a long history of undermining democracy throughout the world. The Iranian people will not accept US interference into their own political affairs. In fact, such action may cause many Iranians to unite, at least temporarily, behind the regime. In sum, only the Iranian people themselves should be able decide their nation’s future.
We now know that most of the big money boys couldn’t care less about democracy, but it's worth asking how the markets will react if the current US president tries to end American democracy.
The lack of market reaction to the news that Trump ordered his Justice Department to investigate criminal charges against Fed Chair Jerome Powell surprises many people. After all, everyone knows that the claims about cost overruns being the basis for the investigation is nonsense. Trump wants to threaten Powell with criminal charges because he ignored Trump’s demand that he lower interest rates.
This ordinarily would be seen as a very big deal. Ever since Nixon, presidents have been reluctant to be seen as pressuring the Fed. In fact, their concern on this issue often seemed absurd to my view. President Biden didn’t want his Council of Economic Advisors to even comment on interest rate policy, as though giving a view based on the economic data would be undue pressure.
But there is a big difference between presenting an economic argument and threatening to imprison a Fed chair who disagrees. And we now see which side Trump comes down on.
But apparently, the markets are just fine with this new threat. The major stock indexes all rose on Monday, although bond prices fell slightly, pushing long-term rates higher. The dollar also fell modestly.
The non-reaction of the stock markets might seem surprising. After all, the independent Fed is considered a sacred feature of US prosperity. There is no shortage of economists who will insist that a Fed that is subordinate to the whims of a president is quick route to double-digit or even triple digit inflation. (I’m more agnostic on this one, but the markets generally don’t listen to me.)
Anyhow, Trump is now not just looking to fire an insubordinate Fed chair, he’s looking to throw him in prison. And the markets just yawned.
This reaction should cause us to start asking how the markets might react if Trump just cancels or outright steals the 2026 elections in order to keep his lackeys in control of Congress. Under any other modern president, the fear of a cancelled or stolen election would be silly. While they might have used dubious tactics leading up to an election, we could be comfortable that the votes would be counted, and the outcome would be binding. (Florida in 2000 is a major exception.) No one ever suggested that an election would be cancelled.
But Trump has made it clear that he considers both cancellation and ordering that some votes not be counted as serious options in his recent New York Times interview. No one can be safe in assuming that we will have a normal democratic election this year.
Given this reality, we might want to speculate on how the markets would react in the event that Trump does decide to end American democracy. We now know that most of the big money boys couldn’t care less about democracy. Jeff Bezos, Mark Zuckerberg, and Tim Cook have been happy to cozy up to Trump in Mar-a-Lago, even as he violates one democratic norm after another. Elon Musk has made it clear that he has contempt for democracy, insofar as it means allowing non-white people to vote.
This gang would obviously have no moral issues with a cancelled or stolen election. But what about the economics?
Trump has already made it clear that he will favor businesses whose leaders praise him and punish those who criticize him. His most recent effort in this direction was saying that he intended to ban ExxonMobil from access to Venezuelan oil because its CEO said what every oil analyst has said since Trump became president of that country: it will be difficult for companies to profitably invest there.
The economies of countries where the leader can reward or punish companies on a whim tend to not do very well. The courts have provided a limited check on Trump’s whims as has even this pathetic Congress. However, if Trump is deciding who serves in Congress, the checks will be gone. We will have full-rule by our demented 79-year-old president.
Perhaps markets will be fine with that. With enough rear-end licking some companies may still do fine, but it would seem on the straight economics most people with money would probably prefer to invest in a serious country. Let’s hope we don’t have to find out.
The Democrats could push Trump—or go around him to make better inroads with working people—but will they dare to take that leap? One would hope so, but don’t hold your breath.
Trump has decided that the government should not give money to defense contractors who then reroute our tax dollars via stock buybacks to stockholders and executives.
A stock buyback, for those unfamiliar, is when a corporation repurchases its own shares, thus boosting the share’s price, a legalized form of stock manipulation. CEOs, who are paid mostly in stock incentives, and large investors directly benefit from stock buybacks, and unlike with dividends, don’t have to pay taxes until they sell their shares.
In the weapons industry, this isn’t news. Studies show that defense contractors spent three times more on dividends and stock buybacks than on capital investments needed to fulfill their contracts over the last decade. In Europe, it was the other way around with defense companies spending twice as much on capital investments compared to dividends. (They don’t do stock buybacks.)
The New York Times cited a Department of Defense study during the Biden administration that “found that top US defense contractors spent more on returning cash to shareholders in the form of dividends and stock buybacks between 2010 and 2019 compared to the previous decades, while spending on research and new or upgraded factories had declined.”
You’ve got to wonder why the Biden administration didn’t try to stop this scam. Maybe it feared looking anti-military. Or maybe it thought such an action would be too upsetting to their Wall Street donors who feast on stock buybacks?
Now we have Trump doing what the Democrats should have done long ago, announcing he will stop buybacks and cap executive salaries at profligate defense contractors:
How about Preventing Mass Layoffs?
If the Democrats wanted to show more concern for working people they would jump all over this executive order and push legislation to expand it to include a prohibition of compulsory layoffs at all defense contractors. If a contractor wants to change staffing levels, they should offer voluntary financial buyout packages. No one should be forced to leave.
This is an easy case to make. Why should taxpayers give money to corporations that then lay off taxpayers so that they can shovel more and more of our tax dollars to the wealthy? If the problem is that these defense contractors fail to deliver products on time they need more workers, not fewer.
Instead of wallowing in the Epstein files, the Democrats should declare again and again that mass layoffs are the weapon of choice to enrich executives and Wall Street. Fight for the damn jobs!
In April, the Labor Institute, in cooperation with the Center for Working Class Politics, produced a YouGov survey of 3,000 voters in Michigan, Ohio, Pennsylvania, and Wisconsin. In the survey, we asked voters to evaluate a state ballot initiative we invented that read:
“Corporations with more than 500 employees that receive taxpayer-funded federal contracts are prohibited from conducting involuntary layoffs of American workers. All layoffs during the life of a taxpayer-funded contract must be voluntary, based on employer financial incentives. No one shall be forced to leave.”
Overall, 42 percent supported the proposal, while 26 percent opposed it and 32 percent were not sure. The no-layoff proposal was brand new, unheard of by anyone before the survey was administered, yet it tied for fifth in popularity among 25 economic proposals. Furthermore, we reported that:
“Respondents from key demographic groups that Democrats have struggled to reach in recent electoral cycles showed robust support for the policy, which was tied for fifth among respondents without a four-year college degree and those whose family income was less than $50,000 per year, and tied for sixth among respondents who reported a declining standard of living and those who live in rural areas and small towns.”
This no-layoffs policy would be a big winner for the Democrats leading up to the mid-terms. But it would not be a winner for the financial backers of the party who cherish their stock buybacks.
So here we are again. Trump outflanking the Democrats on a populist economic proposal, like cancelling NAFTA, one that the Democrats failed to address while in power. In this case, the Democrats could push Trump even further by tying job stability to federal defense contracts, something that working people would greatly value but would be upsetting to Wall Street.
The Democrats could push Trump, but will they dare to take that leap? One would hope so, but don’t hold your breath.
The failure to rigorously defend working people over the last forty years against needless mass layoffs may be why so many voters right now are willing to consider a new political party, independent of the two billionaire parties.
Much more on that to come.
A republic cannot survive this indefinitely. The removal of Donald Trump from office—which is now imperative—is not about vengeance; it is about preservation.
There are moments when the danger facing a nation is not announced by sirens or declarations of war, but by something quieter and more corrosive: fear—abroad and at home—paired with the normalization of lawlessness at the very top of power.
The United States is living through such a moment.
A growing number of economists, constitutional scholars, and foreign-policy experts—including Professor Jeffrey Sachs—have warned that the country is now operating under an effectively unchecked presidency, and this is very dangerous. What once sounded theoretical has become tangible. Executive conduct has crossed from aggressive policy into outright violations of constitutional structure, international law, and basic norms of human dignity—leaving Americans and foreign populations alike unsure where law ends and coercion begins.
Consider Venezuela. A sitting head of state was forcibly apprehended and remains detained despite long-established principles of head-of-state immunity recognized by both international law and US courts. No congressional declaration of war was issued. No authorization for the use of military force was granted. Yet naval deployments, explicit threats of escalation, and coercive demands have proceeded as if constitutional limits were optional.
This is not a policy disagreement. It is a rupture of the separation of powers.
A republic cannot survive this indefinitely.
Under the Constitution, Congress—not the President—decides when the nation enters hostilities. When force is used without that authorization, the injury is not foreign; it is domestic. It alters the legal obligations of service members, bypasses elected representatives, and establishes precedents that future presidents will inherit and may get to expand. What is done once without consequence becomes permissible forever.
The international consequences are equally severe. When restraint is publicly described as conditional on “cooperation,” the message is unmistakable: compliance is demanded under threat. Under international law, consent extracted through coercion is no consent at all. Agreements reached in such conditions are void, unstable, and corrosive to global order. They invite retaliation, miscalculation, and escalation.
Against this backdrop, the President’s own conduct has crossed from provocation into mockery.
Posting a mug-style image of himself online with the caption “Interim President of Venezuela” is not political satire—it is a display of contempt for a population already living under the shadow of military threat. Venezuelan civilians fear for their lives. Survivors of armed attacks have described, in horrific detail, the killing of guards and soldiers by US troops acting like mercenaries with no mercy, aligned with US objectives, sparing only the President and his wife to be taken alive. In that context, ridicule from the most powerful office on earth is not harmless. It is psychological warfare by indifference.
And the fear does not stop at the border.
Inside the United States, many citizens have grown quiet—not because they are indifferent, but because they are afraid. Afraid of retaliation. Afraid of being singled out. Afraid that the institutions meant to protect them are bending rather than holding. Silence, under these conditions, is not consent. It is duress.
That fear is reinforced when the President openly refuses to rule out acquiring foreign territory by force. When Greenland and Denmark rejected his demands, the response was not reassurance but continued ambiguity. Sovereignty, once treated as inviolable, was suddenly spoken of as negotiable—through pressure, leverage, or worse. This is not how democracies speak. It is how empires test boundaries.
What ties these episodes together is not ideology, but the erosion of restraint. Courts are pressured to proceed where jurisdiction is barred. Congress is sidelined in matters of war and peace. Sovereign resources are discussed as assets to be reassigned under coercive conditions. Threats substitute for diplomacy. Mockery substitutes for leadership.
A republic cannot survive this indefinitely.
The Constitution was designed precisely to prevent this concentration of power. War powers were placed in Congress to slow escalation. Immunities were recognized to prevent cycles of retaliation. Diplomacy was meant to replace force, not disguise it. When these guardrails fail, the danger is not merely to foreign nations—it is to the constitutional order itself.
The most alarming feature of the present moment is not outrage, but normalization. Each uncorrected violation lowers the threshold for the next. Each silence under fear teaches power that it need not explain itself.
America is now at a point where clarity is no longer optional. A President who acts beyond constitutional authority must be confronted with the limits of that authority. Violations of the Constitution and of international law must be acknowledged—not obscured, denied, or ridiculed—and immediately remedied through full and lawful redress (as guaranteed by the First Amendment’s right to petition the Government for a redress of grievances). The alternative is not ambiguity. It is consequence.
If redress is refused, if illegality is neither recognized nor corrected, the Constitution provides a final safeguard. Removal from office is not vengeance; it is a mechanism of preservation. It exists precisely for moments when power becomes unmoored from law.
“America Under Siege” does not mean tanks in the streets. It means a nation deciding whether constitutional limits still matter when they become inconvenient. And history is unforgiving to republics that delay that decision for too long.