Trumping Capitalism?


The Dow Jones Index has soared in the last few days as Trump takes over his role as the President of the United States. Here is an interesting needull on what Trump would imply for capitalism.

All of this leads, finally, to the question of how Trump’s presidency is likely to shape global economic thinking and the future of capitalism. Phelps offers a grim prognosis. “American innovation first began declining or narrowing as far back as the late 1960s,” he notes, owing to “a corporatist ideology that permeated all levels of government.” True, “Silicon Valley created new industries and improved the pace of innovation for a short time”; but now “it, too, has run up against diminishing returns.”

The complete article

Anatole Kaletsky — Institute for New Economic Thinking

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