The Roots of Trump’s Strength – George Friedman Mauldin Economics March 7, 2016. By alibali on March 17, 2016 in Dog Bone Blog The Kondratieff Winter is a result of many factors, not least the failure of nations to maintain healthy balance sheets and nimble and adaptive work forces. These chickens are coming home to roost as the migrant crisis in Europe threatens to finish off what declining demographics and sovereign debt crises started. With the backlash underway in countries throughout the Eurozone, including against Mrs.Merkel, and in the UK where the British will decide in a referendum whether or not to remain in the EU, a backlash and major political upheaval is also underway in the US. In this article, Friedman argues that while Trump is unlikely to win the presidency, his candidacy has revealed a serious structural wekaness in the American polity. The lower and middle classes (I don’t agree they are only white) have been economically marginalised. When skilled workers in vast numbers want to work and can’t get a job, this is a crisis he says. In a crisis, people turn to those politicians who give them hope. What else should they do?
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