From Pine View Farm

Reciprocity 2

Bonddad muses on the resurgence of right-wing politics and isolationism:

All over the developed world there has been an erupting surge of both left-wing (Sanders, Corbyn, Syriza in Greece, Podemos in Spain) and right-wing (Trump, UKIP, France’s LePen) populism. The global elites recoil in horror. According to most tellings of mainstream economic theory, aren’t free trade and globalization supposed to benefit everybody?

At the link, he offers a theory as to why persons might be willing to vote against what appears to be their obvious economic self-interest as described in aforesaid “mainstream economic theory.” His theory is worth a read.

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2 comments

  1. George Smith

    July 7, 2016 at 11:27 pm

    You read that carefully and the trending wind means the Democratic Party is next in line for downfall. Varoufakis or Owen Jones have books that shed light. Matt Taibbi also keeps tearing his hair out over the same matters.

     
  2. Frank

    July 8, 2016 at 8:17 am

    I’m not sure the Democratic Party is organized enough to fall down.

    Snark aside. the whole damn system is corrupt, thanks to the Supreme Court and Citizens United. Nevertheless, I’ll take the leaky Democratic boat over than the Republican one that’s awash to gunwales.

    I don’t see any other boats, just fire and ice.