Login/Sign up

World Association of International Studies

PAX, LUX ET VERITAS SINCE 1965
Post Defining Trumponomics
Created by John Eipper on 10/17/20 4:10 AM

Previous posts in this discussion:

Post

Defining Trumponomics (Tor Guimaraes, USA, 10/17/20 4:10 am)

Commenting on my last post, John Eipper asked, "How might we sum up Trumponomics? Can we say there even is such a thing? In many senses it's made up on the fly. Equal parts protectionism, tax cuts for corporations and the wealthy, reduced regulations..."

My definition of Trumponomics: A personal set of social political economic policies, whereby the primary objective is to encourage or execute, legal or illegal activities expected to quickly produce massive wealth for the leader and his friends. Because traditional science-based national economic policy is designed for the benefit of the nation, it conflicts directly with Trumponomics regarding the ultimate results from protectionism, tax cuts for corporations and the wealthy, environmental destruction, etc.

Thus, only by incessant hiding, obfuscation, confusion, misrepresentation, misdirection, and bullying of anyone seeking the facts, the leader repeats that all is going extremely well to hide the yawning gap between the leader's fleecing motivation and the national interest.

JE comments:  Rather critical, I'd say.  (!)  One curiosity:  Is Trumponomics entirely new, or is it a modern twist on the caudillo/strongman economic policies of yore--meaning, an amalgam of populism, nationalism and cronyism, with the foremost goal of gaining personal advantage?

Latin America may provide some lessons on this.  Tor, do you see any precursors of Trumponomics in Brazilian history?


SHARE:
Rate this post
Informational value 
Insight 
Fairness 
Reader Ratings (0)
0%
Informational value0%
Insight0%
Fairness0%

Visits: 205

Comments/Replies

Please login/register to reply or comment: Login/Sign up

  • Does Trumponomics Have a Precursor? (Tor Guimaraes, USA 10/19/20 4:18 AM)
    John Eipper commented on my post of October 17th: "Is Trumponomics entirely new, or is it a modern twist on the caudillo/strongman economic policies of yore--meaning, an amalgam of populism, nationalism and cronyism, with the foremost goal of gaining personal advantage? Latin America may provide some lessons on this. Tor, do you see any precursors of Trumponomics in Brazilian history?"

    America, by supposedly being the land of the free and home of the brave, freedom, democracy, exceptionalism, etc., seemed immune to Trumpism or Trumponomics. Up to now the latter, aka "Trickle-down economics" in a much milder form, has been often well disguised in developed nations around the world in many different forms. But it occurs whenever and wherever leaders squeeze their own people to enrich themselves and their partners.


    As defined in an earlier post, the term "Trumponomics" represents a set of personally focused social political economic policies which have been responsible for countless wars, financial crises, etc. all over the world, including Latin America. Quite obviously, Bolsonaro today provides a perfect example for this phenomenon in Brazil, but history has many similar cases but never made so shocking by an added scourge like Covid-19.


    I wrote before on this Forum, that I believed Trump could be good to America because his blatantly careless style about so many serious things would allow the masses to make a connection between Trumponomics and the realities on Main Street. In that fashion he could provide a unique, and perhaps his only, service to the American people. That is turning out to be the case, except despite all the evidence, a significant proportion of Americans (Christian Fundamentalists and White Supremacists at the forefront), insist on advancing their Trump-based agendas.


    JE comments:  Tor, are you saying that Trump's biggest contribution to society is a wake-up call; meaning, see what you get when you elect a guy like Trump?  Comparisons of Trump to Latin American caudillos tend to focus on their authoritarian style, jingoistic nationalism and cult of personality.  They omit the economic component, which tends to cloak personal ambition in a veneer of populism.  Here's a recent example from Mexican academic Jorge G. Castañeda:


    https://www.cnn.com/2020/10/06/opinions/trump-caudillo-comparison-castaneda/index.html


    Please login/register to reply or comment:


Trending Now



All Forums with Published Content (43190 posts)

- Unassigned

Culture & Language

American Indians Art Awards Bestiary of Insults Books Conspiracy Theories Culture Ethics Film Food Futurology Gender Issues Humor Intellectuals Jews Language Literature Media Coverage Movies Music Newspapers Numismatics Philosophy Plagiarism Prisons Racial Issues Sports Tattoos Western Civilization World Communications

Economics

Capitalism Economics International Finance World Bank World Economy

Education

Education Hoover Institution Journal Publications Libraries Universities World Bibliography Series

History

Biographies Conspiracies Crime Decline of West German Holocaust Historical Figures History Holocausts Individuals Japanese Holocaust Leaders Learning Biographies Learning History Russian Holocaust Turkish Holocaust

Nations

Afghanistan Africa Albania Algeria Argentina Asia Australia Austria Bangladesh Belgium Belize Bolivia Brazil Canada Central America Chechnya Chile China Colombia Costa Rica Croatia Cuba Cyprus Czech Republic Denmark East Europe East Timor Ecuador Egypt El Salvador England Estonia Ethiopia Europe European Union Finland France French Guiana Germany Greece Guatemala Haiti Hungary Iceland India Indonesia Iran (Persia) Iraq Ireland Israel/Palestine Italy Japan Jordan Kenya Korea Kosovo Kuwait Kyrgyzstan Latin America Liberia Libya Mali Mexico Middle East Mongolia Morocco Namibia Nations Compared Netherlands New Zealand Nicaragua Niger Nigeria North America Norway Pacific Islands Pakistan Palestine Paraguay Peru Philippines Poland Polombia Portugal Romania Saudi Arabia Scandinavia Scotland Serbia Singapore Slovakia South Africa South America Southeast Asia Spain Sudan Sweden Switzerland Syria Thailand The Pacific Tunisia Turkey Turkmenistan UK (United Kingdom) Ukraine USA (America) USSR/Russia Uzbekistan Venezuela Vietnam West Europe Yemen Yugoslavia Zaire

Politics

Balkanization Communism Constitutions Democracy Dictators Diplomacy Floism Global Issues Hegemony Homeland Security Human Rights Immigration International Events Law Nationalism NATO Organizations Peace Politics Terrorism United Nations US Elections 2008 US Elections 2012 US Elections 2016 US Elections 2020 Violence War War Crimes Within the US

Religion

Christianity Hinduism Islam Judaism Liberation Theology Religion

Science & Technology

Alcohol Anthropology Automotives Biological Weapons Design and Architecture Drugs Energy Environment Internet Landmines Mathematics Medicine Natural Disasters Psychology Recycling Research Science and Humanities Sexuality Space Technology World Wide Web (Internet)

Travel

Geography Maps Tourism Transportation

WAIS

1-TRIBUTES TO PROFESSOR HILTON 2001 Conference on Globalizations Academic WAR Forums Ask WAIS Experts Benefactors Chairman General News Member Information Member Nomination PAIS Research News Ronald Hilton Quotes Seasonal Messages Tributes to Prof. Hilton Varia Various Topics WAIS WAIS 2006 Conference WAIS Board Members WAIS History WAIS Interviews WAIS NEWS waisworld.org launch WAR Forums on Media & Research Who's Who