Donald Trump's inauguration
The Ownership Wars: Who Owns YouDonald Trump's inauguration is treated not as a revolutionary break with the elite but as the moment when the Ownership Class gained a populist disguise and entered the White House. The event concentrates the book's central accusation: a billionaire plutocrat was empowered by voters who claimed to oppose rich elites, and the resulting presidency transformed their political choice into an ongoing responsibility for his actions.
Causes and Political Meaning
The book places the inauguration within a contradiction surrounding Trump's supporters. Donald Trump is described as one of the richest people on Earth, with a vast property portfolio and an estimated fortune exceeding ten billion dollars, while also being a man who refused to disclose his tax affairs to the people over whom he presided. The text therefore rejects the claim that electing him could constitute an attack on the 1 percent. In its framing, putting a member of the Ownership Class in the White House did not weaken plutocratic rule; it advanced the interests of the very class that the supporters claimed to resist.
The inauguration is also connected to an inheritance-based political order. The book argues for a 100 percent inheritance tax as a way to destroy the power of a rich dynastic elite and points to Trump's inheritance of around 300 million dollars from his father. It further states that he began with 40 million dollars in 1974, when he became president of his father's real estate company. These details undermine the image of a self-made tribune of ordinary workers and make the inauguration, in the book's analysis, a public elevation of inherited wealth rather than a victory over it.
The Event as Historical Recurrence
The text calls the Trump insurgency The Confederacy: The Sequel, interpreting it as a return to far-right conservative rule founded on racism, white supremacy, and ultra-plutocracy. It also compares the political project to Ayn Rand's Atlas Shrugged made real. This is a deliberately forceful historical analogy: the inauguration is made to signify not merely a change of administration but the reappearance of a social order in which wealth, hierarchy, and racial power are treated as governing principles.
That analogy is extended through the book's account of capitalism and the American Civil War. The original form of capitalism is described as predatory and as having produced hatred between the 99 percent and the Ownership Class, while the creation of a middle class is presented as a means by which the elite recruited collaborators, managers, enforcers, and aspiring beneficiaries. In this framework, Trump's victory depended on a class contradiction in which people hostile to the elite helped place one of its most prominent members in the White House.
What the Inauguration Enables
The inauguration gives Trump the authority to act in the name of the voters who elected him. The book insists that once a person has voted for Trump, that person cannot disown him by claiming disappointment or by separating personal intentions from presidential conduct. If Trump bombs Syria, the text says, the responsibility belongs to those who gave him the power to do so, because the action is carried out in their name. The inauguration therefore changes a private political preference into a continuing moral burden.
The event is further interpreted through the book's claim that right-wing power protects unrestrained predatory capitalism. The text associates the modern Republican project with the Confederacy and argues that the state must be used to end both the physical Confederacy and the mental ideology that makes workers dependent on owners. It equates capitalist employment with a modern form of slavery, describing the employer as master, owner, and slaver. Within that polemical structure, Trump's assumption of office becomes the institutional capture of the state by an ideology that treats economic domination as freedom.
Media, Conspiracy, and Ideological Vision
The inauguration is surrounded by a dispute over what counts as reality. The book says that media criticism of Trump is labeled fake news, while media praise of him is treated as true news. This reversal is presented as evidence that political loyalty has displaced objective truth and that supporters accept only information compatible with their right-wing, Christian, predatory-capitalist beliefs.
The same interpretive struggle appears in the book's discussion of John Carpenter's They Live. The film's hidden signal, which conceals an alien elite and produces false consciousness, is read as a metaphor for propaganda and class rule. Carpenter's stated interpretation identifies the aliens with yuppie followers of Ronald Reagan and unrestrained capitalism, not with Jews or the Illuminati. The inauguration thus occupies the position of an ideological spectacle: a public ceremony that, in the book's reading, presents elite power as popular liberation while concealing the relations that sustain it.
Consequences and Early Aftermath
The immediate political consequence, according to the book, was rapid disenchantment among Trump's own far-right supporters. At the 100-day mark, some had already begun turning against him, while the text's earlier warnings were presented as vindicated. Trump's first 100 days are described as producing the lowest approval rating of any president in more than 70 years, and his presence in the White House is characterized as the transformation of America into a game show led by a reality-television host.
The inauguration therefore ends, in the book's narrative, not with the fulfillment of a populist promise but with exposure of the promise's contradiction. Voters who believed that Trump would act against the elite instead installed a leading plutocrat; voters who imagined themselves opposed to state power empowered a president capable of exercising it in their name; and voters who expected restoration were left accountable for the consequences. The event's final significance lies in that reversal: the ceremony that was supposed to announce popular control is recast as the moment popular resentment delivered the state to the Ownership Class.