Carolina QuotesThe US became a dual economy... which generated a lot of despair. Half the population is doing well and the other half is getting by... or getting by in very difficult circumstances... Trump would not have won otherwise in 2016. That's the basis of the Trump revolution... against... the political elite, the foreign policy elite, the intellectual elites.
John Komlos Connected to the Carolinas
Source
No citation is recorded for this quotation.
- work
- A Progressive View on the Need for a Paradigm Shift in Economics (Dec 2020)
- year
- 2020
no citation recorded
Cite this record
“The US became a dual economy... which generated a lot of des…” John Komlos. Carolina Quotes, record CQ-CD70D13746. https://carolinaquotes.com/quote/cd70d13746
More from John Komlos
Wealth is... political power... and that's how we got from a democracy, to an oligarchy, to a plutocracy. Economists forgot completely about the need for countervailing power... and the oligarchs have taken over...
[T]eachers of economics should admit... that while markets do well in some circumstances they only do so within an appropriate institutional framework and... in others... [they] often tip the stream of benefits toward a few insiders.
[F]our economists have received Nobel Prizes for Behavioral economics... [T]hat should be the default model. ...Forget about rationality. That's a silly assumption.