Trumponomics. Wall Street likes what it sees in the 45th president. The stock market is way up. The reality TV star heads up one of the most pro-corporate administrations in U.S. history. After railing against elites Trump’s cabinet is loaded with Goldman Sachs and JPMorgan honchos. Millionaires and billionaires are staffing key positions. It’s the wealthiest cabinet in history. Deregulation of banking is high on their to-do list. Critics are calling Trump’s economic policies warmed over trickle down Reaganomics. Remember the slogan, a rising tide lifts all boats? Thing is only the yachts go up, the canoes and rowboats sink to the bottom. The New Yorker says, “Trump’s proposed tax cuts would greatly accentuate inequality” and his “protectionist impulses, meanwhile, almost certainly won’t bring back lost manufacturing jobs, but they could spark a damaging trade war.”
Richard Wolff is Professor of Economics Emeritus at the University of Massachusetts in Amherst and currently a visiting professor at the New School in New York. The New York Times calls him “America’s most prominent Marxist economist.” He is the author of numerous books including Democracy at Work, Capitalism’s Crisis Deepens and Occupy the Economy with David Barsamian.
His talk on Spokane radio today was the best ever.
Really simple and clear.
Wayne Wells –
This should enlighten some of the skeptics around us –
Cameron Mills, NY
Joe Richey –
AR took me away from a housecleaning chore for an hour but was a gift because it calmed my nerves hearing someone whose understanding of our current problem helped me understand it better too! And there are solutions if we make the right choices. Thanks to Richard Wolff and the producer of this program!
Spokane Valley, WA
Michele Ruland –
Excellent, clear, well said. Thank you Mr. Wolff for yourt houghtful piece on where we’re headed. And yes, I agree we should be scared. I am. But your commentary empowered me to be hopeful that Americans who focus on a local market are more apt to take control of their lives. The small, rural town I live in has potential for just what you suggested…local markets where employer and employee are the same.
Lynn Goldman –
This was fantastic! He needs a broader audience, a national platform.
stuart Watts –
This is what I’ve been predicting, but Richard put it very directly into words. He is very sensible, and I believe it speaks truth.