The victory for SMEs
Donald Trump, the candidate that experts said would never win the U.S. presidential elections, was my favorite for various reasons. Even though I was alone in my opinion on a news broadcast about the U.S. presidential elections, I insistently stated that Trump's chances of being elected as president were strong and listed the reasons why. I will come back to that. Prior to that, I want to highlight the point that in most G20 countries, a group that can be called the privileged or the elite regarding their education and position in the private sector and government, and the media that they are interested in, are now flying blind and losing touch with their own society's pulse, which can have dangerous consequences on the future of a country. The American media, public opinion poll companies and the elite who announced Trump as the loser, days, even weeks earlier, now have to perform a solid audit.
Nowhere in the world does a politician have the luxury of misreading the problems and expectations of citizens. After the trauma of the 9/11 terror attacks, the U.S. experienced various fractures that have had severe consequences on self-confidence, standards of living, employment and savings. The White House, Congress, the presidency, and the representatives of American society have all supposed that "saving the world" had precedence over the nations' own internal problems, from education to health, from infrastructure to industry, from unemployment that gave rise to disintegration; this mass of politicians carried away by this faulty priority could not see Trump's rise to the candidacy within the Republican Party. Trump was despised. And, the ordinary U.S. citizen put a stop to this.
New force of politics: SMEs
While the American middle class held 62 percent of the national income in the 1970s, this ratio fell to 43 percent in 2015. On the other hand, the wealthy held only 29 percent of the national income in the 70s, but this figure rose to 49 percent in 2015. The share of the lower income class has dropped from 10 percent to 9 percent over the same period. Trump convinced the U.S. electorate that "the American dream is over; I will bring it back." He convinced the SMEs, who make up the backbone of every nations' economy, to vote in his favor by saying "I will not let you be crushed by Chinese and Mexican products."
He said, "It is because of the immigrants, especially the illegal immigrants, that your wages are falling and you cannot find a job, I will protect you," to the white and blue-collared workforce and convinced them to vote. The U.S. presidential election is the declaration of the failure of the elitist Washington politics of the last 16 years, from Bush to Obama, by ordinary American citizens. Trump's win hints to the U.S.'s deepening sociological wounds. One of the country's most respected economists Paul Krugman's critically important diagnostics provide clues on which crowds Donald Trump played to.
Krugman emphasizes how, according to his observations, the deepening economic disparity after the last global financial crisis is rendering the city centers "white" in the U.S. While the average income of a family of three was $47,500 in the 1970s and increased to $66,700 in the beginning of the 2000s, it fell back to $62,600 in 2014. It was to be expected that the SMEs would react to this phenomenon as voters.
‘Racial' ghettoization in big cities
Krugman points out that the top 10 percent of the U.S.'s highest earners, the majority of whom are white, ever increasingly want to mostly live in big city centers; which leads to the gentrification and homogenization of the aforementioned cities in terms of race and ethnicity. I guess Krugman's findings hints at what Donald Trump was trying to do during the presidential elections. Krugman's only recommendation as a solution is to create housing for the lower income classes within the city centers. Having said that, this socio-economic situation seems like a matter that can mainly be acted on by the state and local administration. The bottom line is, the latest product of U.S. income inequity, racism, can indeed turn into a disaster for U.S. national security if the issue is provoked by American politicians.
Nowhere in the world does a politician have the luxury of misreading the problems and expectations of citizens. After the trauma of the 9/11 terror attacks, the U.S. experienced various fractures that have had severe consequences on self-confidence, standards of living, employment and savings. The White House, Congress, the presidency, and the representatives of American society have all supposed that "saving the world" had precedence over the nations' own internal problems, from education to health, from infrastructure to industry, from unemployment that gave rise to disintegration; this mass of politicians carried away by this faulty priority could not see Trump's rise to the candidacy within the Republican Party. Trump was despised. And, the ordinary U.S. citizen put a stop to this.
New force of politics: SMEs
While the American middle class held 62 percent of the national income in the 1970s, this ratio fell to 43 percent in 2015. On the other hand, the wealthy held only 29 percent of the national income in the 70s, but this figure rose to 49 percent in 2015. The share of the lower income class has dropped from 10 percent to 9 percent over the same period. Trump convinced the U.S. electorate that "the American dream is over; I will bring it back." He convinced the SMEs, who make up the backbone of every nations' economy, to vote in his favor by saying "I will not let you be crushed by Chinese and Mexican products."
He said, "It is because of the immigrants, especially the illegal immigrants, that your wages are falling and you cannot find a job, I will protect you," to the white and blue-collared workforce and convinced them to vote. The U.S. presidential election is the declaration of the failure of the elitist Washington politics of the last 16 years, from Bush to Obama, by ordinary American citizens. Trump's win hints to the U.S.'s deepening sociological wounds. One of the country's most respected economists Paul Krugman's critically important diagnostics provide clues on which crowds Donald Trump played to.
Krugman emphasizes how, according to his observations, the deepening economic disparity after the last global financial crisis is rendering the city centers "white" in the U.S. While the average income of a family of three was $47,500 in the 1970s and increased to $66,700 in the beginning of the 2000s, it fell back to $62,600 in 2014. It was to be expected that the SMEs would react to this phenomenon as voters.
‘Racial' ghettoization in big cities
Krugman points out that the top 10 percent of the U.S.'s highest earners, the majority of whom are white, ever increasingly want to mostly live in big city centers; which leads to the gentrification and homogenization of the aforementioned cities in terms of race and ethnicity. I guess Krugman's findings hints at what Donald Trump was trying to do during the presidential elections. Krugman's only recommendation as a solution is to create housing for the lower income classes within the city centers. Having said that, this socio-economic situation seems like a matter that can mainly be acted on by the state and local administration. The bottom line is, the latest product of U.S. income inequity, racism, can indeed turn into a disaster for U.S. national security if the issue is provoked by American politicians.