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Tuesday, March 01, 2016

'Trump’s Rise Illustrates How Democratic Processes Can Lose Their Way'

Larry Summers:

Trump’s rise illustrates how democratic processes can lose their way: While comparisons between Donald Trump and Mussolini or Hitler are overwrought, Trump’s rise does illustrate how democratic processes can lose their way and turn dangerously toxic when there is intense economic frustration and widespread apprehension about the future. ...
The possible election of Donald Trump as President is the greatest present threat to the prosperity and security of the United States. I have had a strong point of view on each of the last ten presidential elections, but never before had I feared that what I regarded as the wrong outcome would in the long sweep of history risk grave damage to the American project.
The problem is not with Trump’s policies, though they are wacky in the few areas where they are not indecipherable. It is that he is ... demagogically offering the power of his personality as a magic solution to all problems—and making clear that he is prepared to run roughshod over anything or anyone who stands in his way. ...
Donald Trump’s rise goes beyond his demagogic appeal. It is a reflection of the political psychology of frustration – people see him as responding to their fears about the modern world order, an outsider fighting for those who have been left behind. If we are to move past Trumpism, it will be essential to develop convincing responses to economic slowdown.
The United States has always been governed by the authority of ideas, rather than the idea of authority. Nothing is more important than to be clear to all Americans that the tradition of vigorous political debate and compromise will continue. The sooner Donald Trump is relegated to the margins of our national life, the better off we and the world will be.

    Posted by on Tuesday, March 1, 2016 at 08:20 AM in Economics, Politics | Permalink  Comments (109)


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