Wednesday, November 16, 2016

Thomas Piketty — We must rethink globalization, or Trumpism will prevail

Let it be said at once: Trump’s victory is primarily due to the explosion in economic and geographic inequality in the United States over several decades and the inability of successive governments to deal with this.…
Judging from Piketty's analysis and proposals, Trumpism gonna win.  Economic liberalism is not going to bridle itself and neither are government that have been captured by it.

The Guardian
We must rethink globalization, or Trumpism will prevail
Thomas Piketty | professor (directeur d'études) at the École des hautes études en sciences sociales (EHESS), associate chair at the Paris School of Economics and Centennial professor at the London School of Economics new International Inequalities Institute

3 comments:

Bill said...

"Trump’s victory is primarily due to the explosion in economic and geographic inequality in the United States over several decades and the inability of successive governments to deal with this."

He means the failure of the government to deal with it. Even the complicity of the government in causing it.

Matt Franko said...

Isnt Trumpism re-thinking globalization?

Tom Hickey said...

Isnt Trumpism re-thinking globalization?

This was one of the chief planks in his platform. He wants to moderate neoliberal globalization based on so-called free markets, free trade, and free capital flow that funneling profits to ownership and leaving workers out in the cold.

The workers left in the cold put him in office to do just that.

It's not about ending globalization, which would shrink the pie, rather moderating it by changing some rules so that US workers get a bigger share of it.