Courtesy of Mish.
Voters are angry. Donald Trump, Marine Le Pen, Nigel Farage, UKIP, and the AfD party in Germany have all been accused of stirring up anger and hatred.
But anger is not the problem. None of those individuals or political parties are the problem.
Protectionism and isolation culminating in the Brexit vote in the UK, and the nomination of Donald Trump in the US are not the problem.
What is the problem? Why the anger?
Shrinking Middle Class
The above chart from the Wall Street Journal article IMF’s Grim Long-Term U.S. Outlook in Six Charts.
People Angry Because
- Banks were bailed out and they weren’t
- Middle class is shrinking
- President Bush’s Bankruptcy Reform Act of 2005 made kids with student loans debt slaves for life.
- Warmongering by the Bush and Obama administrators alike made billions for defense contractors at the expense of everyone but the contractors and their employees.
Instead of blowing up the world, making enemies in the process, and creating ISIS in the process, wouldn’t we have been better off building US infrastructure?
