Monday, May 01, 2017

Trump's Achievement?

Trump will end with at least one undeniable achievement--he is disrupting institutions and norms.  He may and likely will become less disruptive as time goes on, but disruptive he has been.

The economists have a favorite concept for market economies: "creative destruction".  Among the things it means is the corporations and technologies dominant in 1950 are mostly gone by now: United States Steel, Bethlehem Steel, AT&T, Kodak, A&P, Sears and Montgomery Ward, etc. etc.

There's an easy parallel to make: creative disruption.  Is Trump triggering a political realignment?  We'll see.

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