MAGA’s Economic Illiteracy: Trump’s Policies to Deliver a Harsh Reality Check
A prevalent misunderstanding of American capitalism fuels much of the current political climate, marked by a belief in an inherent right to prosperity. This misconception, fostered by politicians and a lack of journalistic rigor, ignores the inherent inequalities of capitalism and the limited influence presidents have on factors like inflation and supply chain issues. The author argues that this flawed understanding, particularly prevalent among MAGA supporters, stems from a potent blend of feelings and mythology, rather than a reasoned analysis of economic realities. Consequently, many Americans mistakenly blame liberalism for the shortcomings of capitalism itself, overlooking the role of offshoring and other inherent capitalist practices. Ultimately, this lack of economic literacy hinders productive political discourse and effective policy solutions.
John Q. Hosedrinker