What Might Happen to Trump’s Ill-Gotten Gains
Americans are not accustomed to learning lessons about democracy from Nigeria, Peru, or the Philippines. That disregard may soon change. Those countries offer examples of what it looks like to reclaim stolen or swindled wealth from fallen authoritarian rulers. Done right, this work can deliver justice and strengthen democratic institutions for the long run. But cleaning up after a corrupt regime also comes with serious challenges and hazards.
TL;DR
- Countries like Nigeria, Peru, and the Philippines offer examples of reclaiming stolen wealth from authoritarian rulers.
- The Trump presidency and post-presidency are compared to post-Soviet or postcolonial regimes due to alleged self-enrichment.
- While Trump may have criminal impunity, he could face civil liability for proceeds of bribery, extortion, and market manipulation.
- Peru recovered approximately $200 million from Alberto Fujimori's regime, but political instability and 'Fujimori nostalgia' led to his daughter Keiko's election.
- The Philippines recovered $5 billion from Ferdinand Marcos, but his son, Ferdinand Marcos Jr., was elected president, and allegations of renewed corruption have emerged.
- These cases highlight the challenges of strengthening democratic institutions and preventing the return of corrupt ruling families.