Financial Times/Rana Foroohar/7-10-2022
“These [deep frissures] are rooted not just in Trump’s election and the progressive backlash to it, but can be traced right back to the 2008 financial crisis. Policy decisions made by both Republicans and Democrats since then (including the bailout of banks rather than homeowners, and big corporate tax cuts) have eroded trust in American institutions, which is now at a record low, according to Gallup.”
USAGOLD note: This article, at its core, is about the political polarization of America and its consequences. It raises more questions than it answers. Foroohar ends by saying that America is “now at war with itself.” We would suggest that America has been at war with itself for a very long time and add that the UK, France, Italy, and most of the rest of Europe can all be stacked in the same pile. ‘Tis the times in which we live……
