Capitalists Kill Capitalism (Who Knew That Trump's Superpower Would Be Destroying Wealth? Part 3)
Why are Trump and the Republicans doing so many things that harm the US and global economies? More accurately, given that the economy has always lagged under Republican presidents, why are they doing so many more such destructive things than they used to? The answer is simply that people who have become powerful will not protect the things that made them powerful because they are keenly aware that those things could soon make other people powerful. It is simply another example of the "pull up the ladder behind me" phenomenon, but in an especially perverse way. But let us back up a bit. Last month, I initiated an occasional series of columns under the umbrella title: "Who Knew That Trump's Superpower Would Be Destroying Wealth?" Part 1 explained that Donald Trump and the Republicans claim to be economic geniuses but mostly are at best lucky (and at worst grifters and frauds). At one point, I quoted a New York Times op-ed...