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Sachs on Trump, Europe, and the Working Class
Jeffrey Sachs explains why the working class supported Trump, the threats to Europe, and the need for greater European autonomy.
Greek
United States
PoliticsUs PoliticsGeopoliticsTradeEconomicsGlobalization
Republican PartyDemocratic PartyNatoEuropean UnionUnited Nations
Donald TrumpKamala HarrisJoe BidenJeffrey D. SachsMario Draghi
- Why did Americans massively support Donald Trump?
- The American working class supported Trump due to stagnant wages, lack of improvement in living standards, and a sense of neglect by the Democratic party, which increasingly represented the professional class.
- How threatened is Europe by the new US government?
- Europe is threatened by a potential US trade war under Trump, leading to higher prices and economic instability. The EU needs greater economic autonomy to mitigate the impact of US policy shifts.
- Can Europe react, and how can it become more autonomous?
- Europe can become more autonomous by pursuing its own economic and foreign policy goals independent of the US, focusing on regional trade and technological self-reliance.
- How did the working class come to be represented by Republicans?
- The Republican party, traditionally associated with the wealthy, gained working-class support because Trump successfully portrayed himself as their representative, addressing their dissatisfaction with the status quo.
- How are smaller economies such as Greece affected in this difficult environment?
- Smaller economies, like Greece, are affected by global trade tensions and geopolitical instability. Regional trade, diversification of partnerships, and ending the war in Ukraine are crucial for their resilience.