Article 21GWM He’s right, the economy is sick – and businesses like Trump’s are part of the disease | Mariana Mazzucato

He’s right, the economy is sick – and businesses like Trump’s are part of the disease | Mariana Mazzucato

by
Mariana Mazzucato
from on (#21GWM)

Protectionism and infrastructure projects aren't the cure for a system built on asset stripping, minimal job security and low pay

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Trump won because he unashamedly stood as the champion of the dispossessed. More than the 16 Republican rivals he left in his wake, and more than the Democratic party standard-bearer he defeated, he led the cry of those who felt they had been left behind by globalisation. He channelled and inflamed inchoate anger, inflamed racial divisions and exploited a sense of burning injustice at a system "rigged" against the little guy. He was the self-styled winner who knew how to play the system, the strong man who alone could fix it.

To Trump, as to the Brexiteers, the enemy was the outsider: the Mexicans, the Chinese (the biggest "theft" in human history), Muslims, even Nato allies. His economic and security messages melded together: it was time to circle the wagons, to put America and Americans first. Trump won because he offered what seemed to the ears of many a plausible narrative about the failures of US economic policy that left so many behind- failures stretching back three decades before the collapse of the economy in 2008.

Related: My journeys in Trumpland

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