Business Standard

Saturday, December 21, 2024 | 01:33 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

Why Donald Trump won

Two new books, The System and Break 'Em Up are among the latest examples of an evolving set of explanations that try to make sense of the 2016 results

President Donald Trump speaks with reporters before departing on Marine One on the South Lawn of the White House, in Washington. Photo: PTI
Premium

A powerful money-fuelled oligarchy has emerged in America that is an enemy of democracy, Mr Reich writes

Jeff Madrick | NYT
One of the mysteries in politics for decades now has been why white working-class Americans began to vote Republican in large numbers in the 1960s and 1970s. After all, it was Democrats who supported labour unions, higher minimum wages, expanded unemployment insurance, Medicare and generous Social Security, helping to lift workers into the middle class.

Of course, an alternative economic view, led by economists like Milton Friedman, was that this turn toward the Republican Party was rational and served workers’ interests. He emphasised free markets, entrepreneurialism and the maximisation of profit. These, Friedman argued, would raise wages for many and even

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in