JD follows up:
“Good morning America, how are you?”
This is worth reading (trigger warning! – Ed) – https://market-ticker.org/akcs-www?post=231656
What he is describing in small town America is similar to those areas of the UK away from the metropolitan south east; factories and industries closed and nothing to replace them. Thirty years of neglect, thirty years of despair. Denninger has his usual rant against ‘the left’” and he still seems to believe in ‘free markets’ but instead of complaining about ‘illegals’ taking low paid (and tax dodging) jobs he should really be railing against those who employ the illegals.
What he is really describing fits the famous quote by Ted Heath over the Lonrho affair – “the unacceptable face of capitalism”. If you were to play Monopoly long enough you would find that in the end there is only one winner and that is what the political consensus has been over the past thirty years, a giant global game of Monopoly!
Why did the Red States vote for Trump? I am reminded of a line in Kriss Kristofferson’s song ‘Me & Bobby McGee’ – “Freedom’s just another word for nothin’ left to lose”. That is why the blue collar vote went to Trump and the metropolitan bien-pensants stayed at home.
I don’t like or trust Trump but we can only wait and see. The reality of the job might sober him up and for the first time in his life he will find a genuine and equally determined opposition to whatever he wants to do and he will find that he cannot sack people as easily as he might do in the world of business.
During my working life in the construction industry I have met quite a few property developers and some of them were almost human. But mostly they are dedicated to a relentless pursuit of money. There was even one who bankrupted his company (as Trump has done four times) in order to avoid paying the architects, the other consultants and property taxes (that was a Swiss company planning a housing development in Spain).
Saw this on RT but nowhere else – http://www.neonnettle.com/features/601-george-soros-exposed-as-driving-force-behind-anti-trump-protests-
Now it has appeared on Breitbart- http://www.breitbart.com/live/2016-election-world-reacts-donald-trumps-stunning-upset-victory/moveon-protests-white-house/
Soros protecting his money you see – the unacceptable face of capitalism. Soros is the exact opposite of Andrew Carnegie.
Carnegie believed in using his fortune for others and doing more than making money. He wrote: “Man must have no idol and the amassing of wealth is one of the worst species of idolatry! No idol is more debasing than the worship of money!” http://www.barrypopik.com/index.php/new_york_city/entry/the_man_who_dies_rich_dies_disgraced/
If Trump were to emulate Carnegie then he will be a great President; if not then it is anyone’s guess as to what will happen next.
Andrew Carnegie again: – “The day is not far distant when the man who dies leaving behind him millions of available wealth, which was his to administer during life, will pass away un-wept, un-honored and un-sung. (…) Of such as these the public verdict will then be: ‘The man who dies thus rich dies disgraced.’”