What follows, without additional comment, is an excerpt from an article by Eduardo Porter that first appeared in the business section of the
President Trump before he addressed the World Economic Forum in Davos, Switzerland, last week. Credit Tom Brenner/The New York Times
New York Times, January 31, 2018.
Does President Trump represent the new normal in American politics?
As the world’s oligarchy gathered last week in Davos, Switzerland, to worry about the troubles of the middle class, the real question on every plutocrat’s mind was whether the populist upheaval that delivered the presidency to the intemperate mogul might mercifully be over.
If it was globalization — or, more precisely, the shock of imports from China — that moved voters to put Mr. Trump in the White House, could politicians get back to supporting the market-oriented order once the China shock played out?
As Frank Levy of the Massachusetts Institute of Technology noted this month in an analysis
on the potential impact of artificial intelligence on American politics, “Given globalization’s effect on the 2016 presidential election, it is worth noting that near-term A.I. and globalization replace many of the same jobs.” (more…)