3min chapter

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Deaths Of Despair And The Future Of Capitalism — Angus Deaton

The Joe Walker Podcast

CHAPTER

The Great Recession and the Rise of Trump

Angus MacKinnon: The real impact of the Great Recession wasn't to inflict joblessness and misery, although it certainly inflicted those a great deal. It was to pull back the curtain on American capitalism and expose it as a as a charade for upward redistribution," he said. MacKinnon says if that is true, can we at least partly blame Obama for the rise of Trump? "It's hard to blame Obama and say, what could he have done other sort of idea?"

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