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Making America Great Again

Shimshon Bichler and Jonathan Nitzan

EconStor Preprints from ZBW - Leibniz Information Centre for Economics

Abstract: Trump has promised to ‘make America great again’. As a self-proclaimed expert on everything of import, he knows exactly how to increase domestic investment and consumption, boost exports, reduce the country’s trade deficit, expand employment and bolster wages. And as America’s leader-and-policymaker-in-chief, he has taken the necessary steps to achieve every one of these goals, or so he says. Capitalists and pundits follow him like imprinted ducks. His tweets rattle markets, his announcements are dissected by academics and his utterances are analysed to exhaustion by various media. A visiting alien might infer that he actually runs the world. And the alien wouldn’t be alone. The earthly population too, conditioned by ivory-tower academics and popular opinion makers, tends to think of political figureheads as ‘leaders’ and ‘policymakers’. Situated at the ‘commanding heights’ of their respective nation states and international organizations, these ‘leaders’ supposedly set the rules, make policies, steer their societies and determine the course of history. Or at least that’s the belief. The reality, though, is quite different.

Keywords: America's decline; capitalist mode of power; economic policy; Trump (search for similar items in EconPapers)
JEL-codes: D3 E61 F1 F13 F23 F51 O24 P16 (search for similar items in EconPapers)
Date: 2019
New Economics Papers: this item is included in nep-mac and nep-pke
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