In 1904, O. Henry coined the phrase “banana republic” to describe a country where the government supports big business for the exclusive benefit of the morbidly rich. A government of, by, and for what that generation called the “fatcats” or the “robber barons.”The banana republic-ication of America just kicked into high gear, and, curiously, there’s been a virtual mainstream media blackout about it.Here’s how it’s happening.When Steve Bannon was in the Trump White House, he declared one of their goals was to “deconstruct the administrative state.” That same type of language also appears in Project 2025.Now, fewer than two weeks ago, the six Republicans on the Supreme Court began that process by kneecapping the ability of regulatory agencies to protect the American people from out-of-control polluters, rip-off banks and insurance companies, Big Pharma, and hundreds of other industries and massive corporations that put profits above humans.They did it by blowing up the Chevron Deference. It’s part of their long-term commitment to turning America into a billionaire- and corporate-run banana republic with an autocrat as president.The case of Loper Bright Enterprises v. Raimondo ends the power of most regulatory agencies that are so hated by America’s most exploitative industries and the rightwing billionaires they’ve made.

Source: Demolishing Chevron Deference: Republicans Push for a Billionaire-Run Banana Republic