Summary

Robert Reich argues that Wall Street, not political or institutional checks, will be the primary constraint on Donald Trump’s upcoming presidency.

While Trump’s cabinet includes disruptive figures like RFK Jr. and Pete Hegseth, his pick for Treasury Secretary, Scott Bessent, a hedge fund manager tied to Wall Street, signals an intent to reassure financial markets.

Wall Street’s fear of inflation and stock market instability could curb Trump’s tariff plans, despite their populist appeal.

Ultimately, Reich criticizes the reliance on markets, rather than democratic mechanisms, to limit Trump’s power.

  • CharlesDarwin@lemmy.world
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    22 days ago

    LOL, anti-Wall Street? What fucking voters believe that?

    For all of his pathetic bullshit life, donvict has wanted to be among the elite of Wall Street. What kind of complete dumbass thinks he’s going to be ANTI Wall Street?