Eric Trump has stepped into the international limelight as the face of the new Trump oligarchy. At a conference this week, he told an audience that he and father Donald Trump will work together once Trump is president to push crypto, which the Trump family is invested in. Eric, the executive vice president of the Trump Organization, has also been prominently negotiating the ethics policy—or lack thereof—that Trump will submit to as president. We talked to Casey Michel, the author of several books on American kleptocracy, who explains how ripe conditions are for unprecedented elite corruption to flourish.

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