Article 252SS Four lessons from Donald Trump's US election victory

Four lessons from Donald Trump's US election victory

by
Michael J Boskin
from on (#252SS)
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Our best chance of building consensus is if we engage with voters' concerns about jobs, society and rapid change

Donald Trump's surprise election as the 45th president of the US has spawned a cottage industry of election postmortems and predictions in the US and abroad. Some correlate Trump's victory with a broader trend toward populism in the west, and, in particular, in Europe, exemplified by the UK's vote in June to leave the European Union. Others focus on Trump's appeal as an outsider, capable of disrupting the political system in a way that his opponent, the former secretary of state and consummate insider Hillary Clinton never could. There may be something to these explanations, particularly the latter. But there is more to the story.

In the months preceding the election, the mainstream media, pundits and pollsters kept repeating that Trump had an extremely narrow path to victory. What they failed to recognize was the extent of economic anxiety felt by working-class families in key states, owing to the dislocations caused by technology and globalization.

Related: US economy adds 178,000 new jobs making Fed rate hike likely

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