Ian Welsh

Week-end Wrap – Political Economy – February 01, 2026

by Tony Wikrent

The Crisis, No. 8 — The empire of exit and the conspiracy against America

Mike Brock, Jan 29, 2026 [Notes From The Circus]

The Director of National Intelligence stood in the parking lot of the Fulton County Elections Hub while FBI agents loaded boxes onto trucks.

Tulsi Gabbard, in a dark blazer, watching men in windbreakers carry cardboard boxes out of a building where American citizens cast their votes five years ago. Hundreds of boxes. Computers. Tabulator tapes. Voter rolls. Seized and loaded.

The Director of National Intelligence has no legitimate role at a domestic law enforcement action. The intelligence community’s remit is foreign threats—the enemies beyond our borders, the spies and saboteurs. An FBI raid on a county election office is a domestic matter, whatever pretext is offered. And yet there she stood.

Senator Mark Warner named the only two possibilities: either Gabbard believes there is a foreign intelligence angle and failed to brief the intelligence committees as required by law, or she is turning the intelligence community into a partisan instrument. There is no third option….

The same week that agents loaded Georgia’s votes onto trucks, the Financial Times reported that Trump administration officials have been holding covert meetings with separatists from Alberta.

Alberta. The province that sits atop the Athabasca oil sands—the third-largest oil reserve on Earth. The province whose eastern border is a thousand miles of prairie, whose western edge rises into the Canadian Rockies, whose people have chafed for decades at Ottawa’s carbon taxes and equalization formulas. Alberta, which has never loved confederation the way Ontario loves it, which has always felt more kinship with Texas than with Quebec.

The Alberta Prosperity Project—a fringe group seeking independence from Canada—has met with State Department officials three times since April. They are now seeking a meeting with Treasury. Their ask: a $500 billion credit facility to bankroll the province if an independence referendum passes.

Five hundred billion dollars. To break apart a NATO ally.

The State Department’s response: “The department regularly meets with civil society types.”

Civil society types. That is what they call people seeking foreign backing to dismember a neighboring democracy….

Tulsi Gabbard Drags U.S. Intelligence into Trump’s Election Fraud Campaign 

[Spy Talk, via Naked Capitalism 01-30-2025]

Today Fulton County, Tomorrow???

Joyce Vance, Jan 30, 2026 [Civil Discourse]

[TW: Provides a screen shot of a social media post Trump reposted, promoting the conspiracy belief that Italy was paid by Obama to use military satellites to hack US voting machines in 2020 and literally switch votes from Trump to Biden — all under the direction of the Chinese government.]

GOP Opens Up Its Midterm Elections Playbook in Minnesota

Gabrielle Gurley, January 29, 2026 [The American Prospect]

Last October, Michigan Secretary of State Jocelyn Benson announced that the Justice Department wanted state registration data and that federal officials refused to explain why. “Other secretaries of state—both Democrats and Republicans—have asked them that. They won’t tell us,” she said.

Trump officials met group pushing Alberta independence from Canada

Ilya Gridneff and Myles McCormick, Jan 28 2026 [Financial Times]

Monopoly Round-Up: Why ICE Polices in Minnesota, and Not the Corporate Board Room

Matt Stoller January 26, 2026 [BIG]

Law enforcement budgets show we defunded those who police corporate America, while ramping up coercion on working people….

…I want to focus on the raids of the Immigrations and Customs Enforcement (ICE) in Minnesota, where the Trump administration sent ICE officers as part of a crackdown. The net effect was controversial killings of several U.S. citizens by ICE in the last month, including one yesterday, along with broad anger among locals.

At almost the same time, at the World Economic Forum in Davos, where global elites meet, billionaire hedge fund manager Ken Griffin remarked on the oppression he felt during the Biden administration during its “regulatory onslaught.” Griffin, worth $50 billion, and bailed out during the great financial crisis, cites the challenge to the Spirit-JetBlue merger as particularly galling.

I was going to write about weird economic statistics, but I think the way we use policing resources is a much more appropriate topic based on this explicit power of state coercion that we’re seeing, contrasted with Griffin’s anger at extremely mild attempts to check corporate power….

This moment is a good one to think about how we allocate law enforcement resources. The immigration raids we see are dramatic, but do not seem to me to be the best way to achieve their stated goal of mass deportations. If the administration truly wanted to deport undocumented workers, they would crack down on the companies, like meatpackers and large farms, who hire them. But doing so would require policing of corporations and employers, which the GOP generally seeks to avoid. These large made-for-TV cracking of heads strike me as a brutal communications strategy.

And that’s true for a lot of the choices we’ve been making in policing for decades. Indeed, the era of rising corporate power from the 1980s onward was characterized by a broad defunding of the police who investigate and regulate the behavior of political and economic elites. At the same time, we have increased policing resources to impose order, if not actual policing of bad behavior, on working people. In essence, there is now a zone of elite impunity for the Jeff Epstein class, but poorer Americans are increasingly subject to a host of restrictions and state violence….

Let’s contrast the $175 billion pot of money with that of the Federal Trade Commission and the Antitrust Division, the ‘white collar policing’ of the entire corporate world in our $30 trillion economy for monopolization and consumer abuse. In 2026, the FTC will get $383 million, and the Antitrust Division budget will receive $250 million. There are about as many people at the FTC as there are guards for the Smithsonian museum complex. We have a few dozen, at most, looking at health care, a $5 trillion sector. In other words, the Federal agencies looking at all of corporate America have just 0.5% of the resources that DHS got in additional money solely to deport people. And this puny under-funded group is what Griffin was complaining about as tyranny….

The Staircase of Oppression — Watch the boot ascend.

Hamilton Nolan, Jan 28, 2026 [How Things Work]

…The first step is the scapegoating and persecution of the most vulnerable. We are already there…..

The determination to crush this resistance fuels the next step up the staircase. In America, the government has not fully taken this next step, but it is clear that many in the administration would like to. Opposition has been formally classified as domestic terrorism. Government databases of protesters are being built. The FBI has opened an investigation into the Signal chats that activists use to follow ICE agents. All of these things are flirtations with criminalizing activism.

If this step is taken in earnest, you can expect to see arrests and prosecutions of protest organizers and activist leaders; aggressive mass arrests of street protesters; and even more outright violence used by police to crush protest actions. Activists will be treated as criminals and targeted and sent to jail. The circle of government oppression, which started out by including immigrants and minorities, will be expanded to include regular people who take action to stop that oppression. The criminalization of protest—justified by the argument that impeding law enforcement is itself a serious crime—gets us much closer to real authoritarianism….

Now, imagine peeking down at all of this chaos from the next step up the staircase. That is the step where the powerful people and institutions reside: Elected officials, businesses, very wealthy people, established legal and cultural organizations, and so on. This is the group that collectively held much of the political, economic, and social power before Trump’s race to authoritarianism began. As they watch the brutal oppression of immigrants and minorities play out, and they watch the subsequent protests play out, and they watch the government deciding if it can disregard the Constitution in order to crush that dissent, this already-powerful group must make a choice. Their choice is to either use their power to stop what the government is doing, or try to keep their heads down and protect their own little kingdoms and hope that all of this madness won’t affect them too much.

I expect little courage from the already-powerful, and, in aggregate, they have so far justified this expectation….

…The final step up the staircase is almost trivial. The government need only say: Have you funded the opposition? Then you too are a criminal. Have you used your media outlet to support the opposition? Then you too are a criminal. Has your business made statements in support of the opposition? Then you too are a criminal. Have you made a movie sympathetic to the opposition, or spoken out in an interview? Then you too are a criminal.

Have you, a politician of the opposing party, taken actions that can be interpreted by us as impeding the ability of the government to carry out its vital law enforcement actions? Then you too are a criminal….

What I am saying is that the collective instinct of the powerful to protect themselves ends up having the opposite effect. They refuse to throw their own power behind the opposition to government oppression, and thereby prevent the opposition from being as powerful as it could be, and thereby allow the boot of authoritarianism to step smoothly up the staircase, right to where they are. It would have been wiser for them to do everything in their considerable power to hold the line, to fight back, to fund the activists on the front line, to speak out firmly, to take strong legal and political action against the oppression, to refuse to do anything at all to help the government do its work….

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