As we write these words, President Donald Trump seems to have run into some largely self-inflicted economic troubles. It is hard to say how serious or long lasting these are, and whether they will permanently affect his ability to govern. But one thing is clear: even if he fell from office tomorrow, his significance, his very presence would last for all time. He and his movement are a symptom not a cause. As two articles in the Guardian, one by Richard Partington, and the other by George Monbiot, make clear what has been going on. [1] ]2]
Globalisation, Neo-liberalism, free movement of capital and people, call it what you will, has brought us unprecedented advances in knowledge, and prosperity for billions of people who would otherwise have been excluded from both these things Yet in the countries where the creed began, especially those free market Anglo-Saxon economies of the USA and UK, it has left millions behind. Whose lives rot in the shadow of decaying factories, crumbling roads and decrepit health systems. While lurid images of good times and progress still flit across their screens, their only link to the bright hopeful world beyond. Some, like the educated and the rich are still doing well. Why not them? In such desperate circumstances it is all too easy to start blaming foreigners, global elites, or the tiny fraction who follow divergent sexual practices. And if the educated become an enemy, how will they adopt our values of reason and evidence?
Trump speaks for millions of these people, and that is why his support not only holds up, it may even grow as the crisis gets worse, as George opines. We don’t agree entirely with his analysis: many people we know who hold populist opinions are securely embedded in well funded pensions or established businesses. For us, the roots of xenophobia and self congratulation are far deeper. But the vast spread of uncertainty, insecurity and above all a pervasive sense of dread, the downsides of economic “efficiency” and ergonomic supply chains are the sea in which these emotions thrive. “Socialists do fine until they run out of other peoples’ money” runs the old saloon bar cliche. To which Donald Trump and others would retort “Capitalists do fine until they run out of other people’s security. And jobs. And eventually their nations.
Why did no one ever make a better case for a mixed economy, surely the answer to our problems?
[1]https://www.theguardian.com/business/2025/apr/13/trump-bullying-must-stop-but-true-costs-globalisation-remain
[2]https://www.theguardian.com/commentisfree/2025/apr/13/trump-populists-human-nature-economic-growth?CMP=Share_iOSApp_Other
#USA #donald trump #neo liberalism #globalisation #populism #economics #inequality
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