Economist Podcasts The Intelligence: A Super predictable Tuesday
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Mar 6, 2024 
Adam O'Neill, Washington correspondent for The Economist, shares insights on Donald Trump's stronghold over the Republican Party following predictable wins in the primaries. O'Neill discusses the populist shift within the party and the potential hurdles Trump may face as he prepares for the general election. The conversation also dives into Costco's unique business model, exploring its customer appeal, and examines rental affordability across major European cities, shedding light on stark differences in housing markets.
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Trump's Influence on the GOP
- Donald Trump has effectively reshaped the Republican Party, prioritizing personality over policy.
- This has led to a more blue-collar, populist base intensely loyal to him.
Trump's Early RNC Control
- Trump, though not yet officially the nominee, exerts significant control, influencing RNC leadership and operations.
- A resolution to prevent RNC funds from covering Trump's legal fees failed, showing his sway.
Costco's Business Model
- Costco's success stems from low markups, membership fees, and a limited selection of high-quality products.
- This strategy, coupled with good employee treatment, creates a virtuous cycle.