Quote:
Originally Posted by sebastian_dangerfield
Overfinancialization led to 2008. We cured that by plowing massive amounts of money into the system, which did not trickle down to those most harmed. And the consequence was populism, which led to Trump, who hints at authoritarianism.
|
I think populism was caused much more by the elite's failures in
- failing to protect the country from Al Qaida on 9/11
- leading us into a war in Iraq to protect us from non-existent WMD, a war we have never stopped fighting
- the financial crisis
You're pointing your finger at an inadequate solution, not at the real problem(s). Note that other countries are struggling with similar issues, e.g., Brexit.
