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The Triumph of Trumpism

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  • John Komlos

Abstract

Donald Trump won in 2016 largely because enough voters in three states, all in the Rustbelt which had voted for Barack Obama in both 2008 and 2012, switched their electoral votes from Democratic to Republican. Economic dislocations played a crucial role in these states to induce them to vote for an anti-establishment candidate. The sources of the dislocation were the development of a dual economy characterized at one end by low and stagnating wages, increasing debt, downward social mobility, declining relative incomes, and the hopelessness accompanying them while at the other end of the income distribution the economy was booming.

Suggested Citation

  • John Komlos, 2017. "The Triumph of Trumpism," Journal of Contextual Economics (JCE) – Schmollers Jahrbuch, Duncker & Humblot, Berlin, vol. 137(4), pages 421-440.
    • Handle: RePEc:dah:aeqjce:v137_y2017_i4_q4_p421-440
    DOI: 10.3790/schm.137.4.421
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    References listed on IDEAS

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    1. David H. Autor & David Dorn & Gordon H. Hanson, 2016. "The China Shock: Learning from Labor-Market Adjustment to Large Changes in Trade," Annual Review of Economics, Annual Reviews, vol. 8(1), pages 205-240, October.
    2. David Autor & David Dorn & Gordon Hanson & Kaveh Majlesi, 2020. "Importing Political Polarization? The Electoral Consequences of Rising Trade Exposure," American Economic Review, American Economic Association, vol. 110(10), pages 3139-3183, October.
    3. Stiglitz Joseph E., 2009. "America's Socialism for the Rich," The Economists' Voice, De Gruyter, vol. 6(6), pages 1-3, June.
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    Cited by:

    1. John Komlos, 2023. "Viability of the Political System: A Neglected Issue in Public Finance," Challenge, Taylor & Francis Journals, vol. 66(3-4), pages 59-68, July.
    2. Luminița Chivu & George Georgescu, 2023. "The foundation of real-world economics: what every student needs to know," Economic Thought journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 3, pages 343-350.

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    More about this item

    JEL classification:

    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F60 - International Economics - - Economic Impacts of Globalization - - - General
    • F66 - International Economics - - Economic Impacts of Globalization - - - Labor
    • H11 - Public Economics - - Structure and Scope of Government - - - Structure and Scope of Government

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