"Prof. emeritus John Komlos... lecture... "The Economic History of Trumpism"... [H]e used his lecture to show that the... U.S. had entered a path of deconstruction of its own system starting with the watershed moment of and leading to the election of Trump... Desperate voters make desperate decisions, in this case, for Trump. ...People have slipped down the social ladder ...Reagan’s administration turned away from the New Deal ...benefitting the rich ...[I]nequality rose immediately, which has not been reversed ...GDP growth stayed exactly where it was... Reagan... [set] the path towards today’s economic and societal malaise. ...Additionally, and hit ...[and] areas in the American heartland were destroyed, according to Komlos. ...For him, it is natural that the losers of globalization... would lash out... Workers were not reskilled, or trained. They were not helped to bridge the gap... Flash forward to the 21st century... Obama turned to the 'old guard' of economists and experts that had helped to create the crisis... For Komlos, this led to Wall Street being saved and Main Street being ignored... The desperation that followed the last Great Recession, including... so many... lost... homes... led many... to believe that the establishment politicians... could never right the wrongs... Komlos... thinks that the U.S. is still marching down the bleak [unsustainable] path... entered in the 1970s and 80s."
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Non-fiction authors from the United StatesHistorians from the United StatesEconomists from the United StatesPeople from BudapestLiberal economists
Original Language: English
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John Komlos
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