A Quote by David Brooks
It’s easy to see why politicians would be drawn to the populist pose. First, it makes everything so simple. The economic crisis was caused by a complex web of factors, including global imbalances caused by the rise of China. But with the populist narrative, you can just blame Goldman Sachs.
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The New York Times had a headline on its website - Trump Turning To Ultra Wealthy To Steer Economic Policy. This doesn't sound very populist to me. Today's commerce secretary, the names being talked about for treasury secretary, I think there will be populist talk but maybe no populist action.
Goldman Sachs was fundamentally responsible for the crash of 2008, but by that time its former Chairman and Chief Executive Officer, Henry 'Hank' Paulson, had been installed as US Treasury Secretary to begin the bank bail out policy, with enormous benefit to Goldman Sachs, in the closing weeks of the Bush administration. Goldman Sachs was also instrumental in the collapse of the economy in Greece that started the 'euro panic' that later engulfed Ireland.
If there really was a crisis, and if this crisis was caused by our emissions, you would at least see some signs. Not just flooded cities, tens of thousands of dead people, and whole nations leveled to piles of torn down buildings. You would see some restrictions. But no. And no one talks about it.
Global poverty is a complex web of interlinked problems. There is no one 'silver bullet' that will solve global inequality. Multiple contributing factors must be tackled in parallel. Yes, education alone is unlikely to lead to employment without economic reform to address the demand side in much of the developing world.
Anything popular is populist, and populist is rarely a good adjective.
The thing is, it's much easier to be a rightwing populist than a leftwing one, because the left always have to explain why things are the way they are. The right can just blame the foreigners.
I come from a working class community in eastern Scotland, and I've always been a populist, though not a patronising populist.
I've nothing against Goldman Sachs. But Goldman Sachs isn't an investment bank. Goldman Sachs is a hedge fund. It's bigger than any hedge fund. It's more leveraged, to the power of three or five, than any hedge fund.
The global crisis is caused by pathologies inherent in the global financial system itself.
Because I wrote a book about Goldman Sachs. And I know that, from talking to people at Goldman Sachs, that Trump is the poster child for the kind of client they don't want to do business with, mainly because he would borrow all this money from Wall Street to build his casinos, and then didn't pay it back.
If you can't be a populist in Arkansas, you ain't going to be a populist in Washington.
When I have been asked during these last weeks who caused the riots and the killing in L.A., my answer has been direct and simple: Who is to blame for the riots? The rioters are to blame. Who is to blame for the killings? The killers are to blame.
The rise of populist movements and the shrinking of the middle class - with all the economic pain and political turbulence that comes with that - seems to have increased the appetite of both parties for dramatic proposals.
Has Donald Trump ever called himself a populist? I don't think Donald Trump's ever called himself a populist. I think other people have called him a populist, and other people have called Steve Bannon a populist. But I don't think Trump's ever called himself that and he may not know what one is, within the political realm or definition. He's not a political person, and that I think is leading to many people having just a devil of a time translating the guy, analyzing the guy, predicting the guy, projecting the guy.
What caused the economic collapse 2008? It was the subprime mortgage crisis.
Since the global economic crisis began, the change in global attitudes is clear to see - and I think it is pitiful. Barack Obama came to China and he is probably the only president of the United States never to mention the words 'human rights' in public.
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