THE CAMPAIGN OF 2016 AND THE TRUMP TRANSITION

E Ray Canterbery

Chapter 21 in Inequality and Global Supra-surplus Capitalism, 2018, pp 317-339 from World Scientific Publishing Co. Pte. Ltd.

Abstract: If it had not been for the Truman close encounter with Thomas Dewey, the Donald Trump victory would have been the greatest upset in American history. Donald Trump, real estate tycoon and business deal maker, won the election of 2016 in the USA. Given his apparent arrogance and gunslinging insults, how did he pull it off? A fractured, discontented electorate handed him the presidency. Key battleground states — Pennsylvania, Michigan and Wisconsin — had traditionally voted for the Democratic candidate. In fact, this has been the case in every presidential election for a generation. Ohio also has been under the Democrat’s tent. Most of the pre-election polls reflected this “reality.” However, Trump outperformed expectations in all states, moving most into the Republican column after President Barack Obama had twice swept the region. We would be remiss to leave out Florida and North Carolina also as key.

Keywords: Capitalism; Production Surpluses; Supra-surpluses; Casino Economy; Inequality; Vita Theory; Great Recession; Subsistence; Minimum Wage; Markup; Kaleckian Power; Stagnation; Innovation; Technological Advance; Income Distribution; Wealth Distribution; Fiscal Policy; Monetary Policy; Incomes Policy; Zero-interest Rate Society; Trump; 2016 Campaign; John Kenneth Galbraith; Conventional Wisdom; Expectations; Budget Shares; Veblenian Demand; Engel's Law; Casino Effect; Economic Power (search for similar items in EconPapers)
JEL-codes: N00 (search for similar items in EconPapers)
Date: 2018
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