Week-end Wrap – Political Economy – May 10, 2026
by Tony Wikrent
Mother’s Day
Heather Cox Richardson, May 10, 2026 [Letters from an American, May 9, 2026]
If you google the history of Mother’s Day, the internet will tell you that Mother’s Day began in 1908 when Anna Jarvis decided to honor her mother. But “Mothers’ Day”—with the apostrophe not in the singular spot, but in the plural—actually started in the 1870s, when the sheer enormity of the death caused by the Civil War and the Franco-Prussian War convinced writer and reformer Julia Ward Howe that women must take control of politics from the men who had permitted such carnage. Mothers’ Day was not designed to encourage people to be nice to their mothers. It was part of women’s effort to gain power to change society….
War
Iran used Chinese spy satellite to target US bases
[Financial Times, via The Big Picture, May 05, 2026]
Leaked documents show IRGC secretly acquired system and used it to guide strikes during war in March. Iran secretly acquired a Chinese spy satellite to target US military bases across the Middle East. The China-Iran axis just became a lot more concrete — and a lot more dangerous.
Iran has hit far more U.S. military assets than reported, satellite images show
Evan Hill, Jarrett Ley, Alex Horton, Tara Copp and Dan Lamothe, May 6, 2026 [Washington Post]
Iranian airstrikes have damaged or destroyed at least 228 structures or pieces of equipment at U.S. military sites across the Middle East since the war began, hitting hangars, barracks, fuel depots, aircraft and key radar, communications and air defense equipment, according to a Washington Post analysis of satellite imagery. The amount of destruction is far larger than what has been publicly acknowledged by the U.S. government or previously reported….
Experts who reviewed The Post’s analysis said the damage at the sites suggested that the U.S. military had underestimated Iran’s targeting abilities, not adapted sufficiently to modern drone warfare and left some bases under-protected.
“The Iranian attacks were precise. There are no random craters indicating misses,” said Mark Cancian, a senior adviser with the Center for Strategic and International Studies and a retired Marine Corps colonel, who reviewed the Iranian images at The Post’s request. The Post previously revealed how Russia provided Iran with intelligence to target U.S. forces….
Satellite images show extensive damage to at least 15 U.S. military sites, with over 225 essential pieces of equipment destroyed — and the American people were never told the full scale of it….What The Washington Post has now documented is something altogether different: a state adversary damaging U.S. military infrastructure across an entire region. Bahrain. Kuwait. Qatar. Saudi Arabia. Jordan. The United Arab Emirates. Multiple bases. Multiple categories of targets. Multiple forms of military infrastructure.
That is the point.
Iran did not merely “respond.” Iran demonstrated that the U.S. military footprint across the Middle East is not some invisible, invincible architecture of empire.
It is a map of fixed targets.
Demand destruction vs fuel-superseding infrastructure
Cory Doctorow, 04 May 2026) [Pluralistic]
… In starting this stupid, unforgivable war, Trump has vastly accelerated the process of demand destruction. Rather than buying American oil, the whole world has undertaken a simultaneous, rapid, irreversible shift to electrical substitutes for fossil fuel applications, from induction tops to balcony solar to ebikes and EVs:
https://thepolycrisis.org/01-demand-destruction-us-oil-is-not-winning-the-iran-war/
As Solnit writes, Trump’s stupid war follows on the heels of another unforgivable and cruel blunder: Putin’s quagmire in Ukraine, which catapulted Europe into the Gretacene, with a wholesale, continent-wide shift away from fossil fuels to renewables and the devices they power. Now, the rest of the world is following suit. In South Korea, President Lee Jae Myung is leading the charge to transition the country to renewables, framing fossil fuels as an existential geopolitical risk.
Trump’s demand destruction accelerates Putin’s demand destruction: China and India both increased their energy consumption in 2025 – but reduced their fossil fuel consumption over the same period. In 2025, coal accounted for less than a third of the world’s energy for the first time in modern history. 2025 was the year that solar and wind overtook coal globally.
Meanwhile, Trump and his oil baron buddies keep trying to make fetch happen. On the campaign trail, Trump told the oil industry that if they slipped him a $1b bribe, he would give them anything they wanted, and he’s kept his promise. Trump will let Big Oil drill anywhere they like, from sacred sites like New Mexico’s Chaco Canyon to the Arctic. He’ll even let them take all of Venezuela’s oil. The problem is that banks can see the demand destruction writing on the wall, and they are conspicuously declining to loan the oil companies the money they’d need to get that oil.
Truly, Trump’s a machine for creating stranded assets at scale.
In starting this stupid, unforgivable war, Trump has vastly accelerated the process of demand destruction. Rather than buying American oil, the whole world has undertaken a simultaneous, rapid, irreversible shift to electrical substitutes for fossil fuel applications, from induction tops to balcony solar to ebikes and EVs:
https://thepolycrisis.org/01-demand-destruction-us-oil-is-not-winning-the-iran-war/
As Solnit writes, Trump’s stupid war follows on the heels of another unforgivable and cruel blunder: Putin’s quagmire in Ukraine, which catapulted Europe into the Gretacene, with a wholesale, continent-wide shift away from fossil fuels to renewables and the devices they power. Now, the rest of the world is following suit. In South Korea, President Lee Jae Myung is leading the charge to transition the country to renewables, framing fossil fuels as an existential geopolitical risk.
Trump’s demand destruction accelerates Putin’s demand destruction: China and India both increased their energy consumption in 2025 – but reduced their fossil fuel consumption over the same period. In 2025, coal accounted for less than a third of the world’s energy for the first time in modern history. 2025 was the year that solar and wind overtook coal globally.
Meanwhile, Trump and his oil baron buddies keep trying to make fetch happen. On the campaign trail, Trump told the oil industry that if they slipped him a $1b bribe, he would give them anything they wanted, and he’s kept his promise. Trump will let Big Oil drill anywhere they like, from sacred sites like New Mexico’s Chaco Canyon to the Arctic. He’ll even let them take all of Venezuela’s oil. The problem is that banks can see the demand destruction writing on the wall, and they are conspicuously declining to loan the oil companies the money they’d need to get that oil.
Truly, Trump’s a machine for creating stranded assets at scale….
Ukraine’s rapid rise as an anti-drone powerhouse
[New Atlas, via The Big Picture, May 05, 2026]
Necessity makes the best R&D lab. Kyiv’s counter-drone industry now exports back to NATO. In only four years after the Russian invasion, Ukraine went from being a country knocked back on its heels and scrambling for military aid to emerging as a leading provider of battlefield-tested counter-drone expertise and exporter of anti-drone weapons systems. How did this happen? Let’s find out.
Trump not violating any law
‘He who saves his Country does not violate any Law’
Joe DePaolo, May 4th, 2025
Insane Pre-Crime Strategy Unveiled for Leftist “Extremists”
Ken Klippenstein [via Naked Capitalism 05-07-2025]
The White House declared war on the American people today, labeling its political opponents as terrorists, including “Left-wing extremists.” The new label also claims that there are “deepening alliances” between “the far-left and Islamists” — or pro-Palestinian protesters.
The language is contained in the White House’s newly released National Counterterrorism Strategy. It is the first National Strategy to be unveiled since 2021, when the Biden administration issued its document. The Strategy identifies the “left-wing,” “anti-Fascists,” “Anarchists” and “radically pro-transgender” ideologies as threats equivalent to jihadi groups like al Qaeda and ISIS, or narco-traffickers.
The Strategy is the brainchild of White House counterterrorism czar Sebastian Gorka, an eccentric figure I have reported on, who last year hinted at terrorism charges being levied for political opponents of the administration. The document makes clear he got his wish. Gorka called the Strategy “my life’s work,” ….
“Counterterrorism” Now Officially Means Targeting Trans People
Sophie Hurwitz, May 8, 2026 [Mother Jones]
On Wednesday, the White House released a new “United States Counterterrorism Strategy,” the first such directive since a 2021 Biden-era memo emphasizing the need to combat white supremacist violence, which has now been scrubbed from the White House website.
Wednesday’s document, masterminded by White House “counterterrorism czar” Sebastian Gorka, does not mention far-right violence at all. It identifies “Violent Left-Wing Extremists, including Anarchists and Anti-Fascists” as a security threat of equal severity to “Legacy Islamist Terrorists” and “Narcoterrorists and Transnational Gangs.” The administration will now apparently “prioritize the rapid identification and neutralization of violent secular political groups whose ideology is anti-American, radically pro-transgender, and anarchist.
