Wednesday, November 09, 2016

After Brexit, here we have another product of neoliberalism (a form of capitalism). So far the effect has been in the two most aggressive countries where neloliberalism have been implemented. 

"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 remember hardly more than 50% or so of eligible voters turned out to vote.  A huge swathe of people never vote in American elections and they constitute a sizeable part of the working class.

Most significant, the most important issue (52%) for voters, when asked at the booths, was the state of the US economy, with terrorism next (but well down at 18%) and immigration (the Trump card) even lower.  Trump won because he claimed he could improve the conditions of those ‘who have been left behind’ by globalisation, failing domestic industries and crushed small businesses.  Of course, Trump is a billionaire and has no real interest or idea about improving the lot of the majority.  But anger at the establishment was sufficient (just) for this egoistic, misogynist, sexual predator, rich man’s son to win.

But it is still the economy, stupid.  Trump has been handed a poisoned chalice that he will have to drink from: the state of the US economy." 

No comments: