2Legit2Quit Wrote:Trump's election, like similar political shifts in Europe, is a repudiation of neoliberalism.
No it isn't. It is an emphasis on different aspects of neoliberalism:
That two investors — Mr. Mnuchin and Mr. Ross — will occupy two major economic positions in the new administration is the most powerful signal yet that Mr. Trump plans to emphasize policies friendly to Wall Street, like tax cuts and a relaxation of regulation, in the early days of his administration. While that approach has been cheered by investors (the stocks of Bank of America, Goldman Sachs and Morgan Stanley have been on a tear since the election)…