Donald Trump and the poisoned chalice of the US economy

Michael Roberts Blog

The ironic thing about the (narrow) victory of Donald Trump in the US presidential election is that their ‘safe’ candidate has lost it for the Democrats, Wall Street and the strategists of capital.  Now they are lumbered with a loose cannon that they must try to rope in.

Trump has won because a (just) sufficient number of people are fed up with the status quo.  Apparently 60% of voters asked at the polling booths reckon that the country “is on the wrong track” and two-thirds were fed up and angry with the Washington government – something Clinton personifies.

Like the vote of the Brits for Brexit, against all expectations, a sufficient number of voters in America (mainly white, older and in small businesses or working in failing industries in smaller central US states) have overcome the vote of the youth, the more educated and better-off in the big cities.  But…

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