Courtesy of Mish.
Anger at Political Establishment
Contrary to popular Republican “wisdom”, Donald Trump can beat Hillary, but Cruz and Kasich likely cannot.
As I have explained, Trump appeals to some independents, many anti-war proponents, and many of those who believe free trade doesn’t work.
That set of people is very angry at the establishment. An economic downturn (likely started) will make them even angrier.
Saxo Bank CIO and chief economist Steen Jakobsen says: “The political spectrum is under attack and so is the social contract, this is my attempt to make sense of Trump, Marie Le Pen, the Far Left and the Far Right and clue for you: It does make perfect sense, just not in traditional models terms.”
In his email, Jakobsen explains the rise of Trump more simply as “The Social Contract is Broken“.
This is a guest post by Steen Jakobsen. I dispense with blockquotes, but will mark the end of his thoughts. My comments follow.
Social Contract is Broken by Steen Jakobsen
