Among the members of Donald Trump’s recently announced team of economic advisers is Stephen Moore, a distinguished visiting fellow at the Heritage Foundation and co-founder of the Club for Growth, which supports candidates who advocate slashing the tax rates of the top 1 percent.
Moore is particularly notable because he’s entertainingly honest about prioritizing money over Americans. In the 2009 documentary Capitalism: A Love Story, Moore said on camera that “Capitalism is a lot more important than democracy. I’m not even a big believer in democracy.” (I was research producer for the movie, which was directed by Michael Moore — no relation to Stephen.)
Stephen Moore is also, like Trump, a charlatan. After a guest op-ed under his byline in the Kansas City Star contained glaringly false statistics, the paper’s editorial page editor vowed that she would never run anything by Moore again, and that any other submissions by Heritage Foundation staff would be fact checked by the Star. (Moore’s errors were discovered by Star columnist Yael Abouhalkah, who is my cousin.)
But of course Trump won’t pay any price for choosing Moore as an adviser, since their mutual distaste for democracy and affection for general chicanery are shared by many other people at the top of the U.S. political system.
Here’s the transcript from the movie, with the segment below:
MOORE: Capitalism is a lot more important than democracy. I’m not even a big believer in democracy. I always say that democracy can be two wolves and a sheep deciding on what to have for dinner. … Look, I’m in favor of people having the right to vote and things like that. But there are a lot of countries that have the right to vote and they’re still poor. Democracy doesn’t always lead to a good economy or even a good political system.
IT’S EVEN WORSE THAN WE THOUGHT.
What we’re seeing right now from Donald Trump is a full-on authoritarian takeover of the U.S. government.
This is not hyperbole.
Court orders are being ignored. MAGA loyalists have been put in charge of the military and federal law enforcement agencies. The Department of Government Efficiency has stripped Congress of its power of the purse. News outlets that challenge Trump have been banished or put under investigation.
Yet far too many are still covering Trump’s assault on democracy like politics as usual, with flattering headlines describing Trump as “unconventional,” “testing the boundaries,” and “aggressively flexing power.”
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IT’S BEEN A DEVASTATING year for journalism — the worst in modern U.S. history.
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I’M BEN MUESSIG, The Intercept’s editor-in-chief. It’s been a devastating year for journalism — the worst in modern U.S. history.
We have a president with utter contempt for truth aggressively using the government’s full powers to dismantle the free press. Corporate news outlets have cowered, becoming accessories in Trump’s project to create a post-truth America. Right-wing billionaires have pounced, buying up media organizations and rebuilding the information environment to their liking.
In this most perilous moment for democracy, The Intercept is fighting back. But to do so effectively, we need to grow.
That’s where you come in. Will you help us expand our reporting capacity in time to hit the ground running in 2026?
We’re independent of corporate interests. Will you help us?
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