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

    It’s weird how the qons all have deluded themselves into thinking they are some kind of rebels, sticking it to The Man, by voting for a Manhattanite and alleged billionaire who has been thirsty to be accepted among the upper of the upper crust all of his sad little life.

    The same batch rally around slogans like “save the children” because they think Hillary is trafficking children for pedos - then they vote for a pedo who was besties with a prominent pedo before he died in jail and who is the type that nominates another pedo for AG.