World-historical corruption

This piece does something I’ve long wanted, which is to put the scale of Trump’s corruption into historical and comparative context. The bottom line is that this scale of self-enrichment is essentially unknown among mature liberal democracies:

Silvio Berlusconi, the Italian prime minister and billionaire mogul who died in 2023, is often considered to have set the mold for President Trump with his mastery of the news media, gilded taste and, above all, legislative maneuvers that drew accusations of conflicts of interest.

Mr. Berlusconi passed laws that appeared tailor-made to protect and benefit his family’s vast business empire. And his annual earning disclosures showed he had been paid tens of millions of dollars while serving as prime minister.

This week, new financial disclosures suggested that Mr. Trump has broken that mold by making at least $2.2 billion in his first year back in the White House, including about $1.4 billion from his family’s cryptocurrency businesses.

Mr. Trump’s profits are a haul once unimaginable for any leader of a liberal democracy, particularly a sitting American president. No modern Western leader has ever publicly disclosed such big windfalls while in office.

The Trump family’s earnings, experts said, have moved him into an echelon of enrichment more associated with strongmen in Russia and Turkey.

His gains were all the more striking because the United States has long positioned itself as a standard-bearer for financial regulation, anti-graft measures and the rule of law. Yet his cryptocurrency earnings highlight an unusually glaring conflict: As president, Mr. Trump oversees the regulation of an industry that, as a businessman, he also greatly profits from.

Whether the remarkable extent of Trump’s corruption was made evident to voters in the 2016 and 2024 campaigns, I will leave it to you to judge,