Capitalism is NOT Trumpism

david-brewster-icoDavid Brewster
Lawrence Summers on what’s profoundly disturbing about Trump’s Carrier deal, signaling deals-based capitalism. It reminds me of the stadium wars, where sports teams threaten to move (as to Mexico or China) and are rewarded handsomely for staying put (until the next round). It suggests that Trump has learned all the wrong lessons from wheeling-and-dealing New York. Summers makes the case for more predictable, rules-based capitalism.
Some of the worst abuses of power are the acts that the people demand from their leaders.

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  1. Roger Rabbit #

    And Trumpism is not capitalism, it’s merely stealing.