Trump, Corporatism, and the Dearth of Innovation
America’s innovative spirit has been weakened by a corporatist ideology that has permeated all levels of government, displacing the individualist ideology upon which capitalism thrives. Under Donald Trump, corporatism could become even more extreme, resembling the disastrous approach taken by Germany and Italy in the 1930s.
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CHICAGO – In the United States, a domestic political shift from cosmopolitanism to nationalism, and from left-leaning metropolitan “elites” to right-leaning rural “populists,” seems, to many, to be underway. The prevailing economic ideology is also shifting, from a redistributive, regulatory corporatism to something like the old interventionist corporatism.