mauldineconomics.com / BY JOHN MAULDIN / NOVEMBER 13, 2016
I think many of my readers are in the same boat I’m in: we are still sorting out the implications of last Tuesday’s election. My style is generally not to shoot from the hip but to think about things before I start to write. When I have adopted the “ready–fire–aim” style of writing, I have usually found myself going back and asking, “What was I thinking?” And the answer is that I wasn’t doing enough thinking.
So this weekend I’m going to hold my fire and instead share with you an essay from Jeffrey Tucker of the Foundation for Economic Education (FEE). You may wish to think of this as my Outside the Box offering for the week, and on Wednesday I’ll send my regular letter – after I have done a little more head scratching.
Tucker’s essay suggests that the presidential election is nothing less than a major paradigm shift. Let me give you a couple especially insightful paragraphs:
All these details of the Trump platform are still important, but strike me as less relevant to what we can expect going forward. The more I look at it, the less it seems to me that the election results are less about what Trump believes and more about what he represents: a fundamental shattering of an old paradigm. And I’m finding the widespread commentary that this represents some kind of triumph of racism, misogyny, etc. etc., to be superficial and even preposterous. And you know this if you visit with any regular voter.
What lies in ruins here is not common decency and morality – much less the character of a whole people and nation – but rather an anachronistic, arrogant, entitled, smug, conceited ruling elite and ruling paradigm. You can see this in the clues that show that the vote was not so much for a particular vision of one man, but against a prevailing model of managing the world.