Doug Casey on What Trump’s Victory Means Going Forward
Editor’s note: Today, instead of our usual market commentary, we have a brand-new essay for you from Casey Research founder Doug Casey on the election.
Below, Doug explains why Trump came out on top…and, more importantly, what his presidency will mean for America going forward…
The Trump victory is very good news for the US—relative to a win for Hillary, which would have been an unmitigated disaster. So I’m happy he won.
Will Trump winning mean a real change in direction for the US? Unlikely. Don’t mistake Trump for a libertarian. He has all kinds of stupid notions—torture as official policy, killing families of accused terrorists, and putting on import duties. He has no grasp of economics. He’s an authoritarian. His cabinet choices, so far, are all neocons and Deep State hangers-on. He’s likely to treat the US as if it were his 100% owned corporation.
On the bright side, he has real business experience—although of the kind that sees government as a partner. I doubt he’ll try, or be able if he does, to pull up any agencies by the roots. He’ll mainly be able to set the tone, as did Reagan. But, hey, something is better than nothing.
I’ll talk about the markets next month. In the meantime I think EB is quite correct in his views and recommendations.
[Editor’s note: As you may know, EB Tucker is the editor of The Casey Report, our flagship publication. To read Doug’s insights on the markets before anyone else, click here to sign up for The Casey Report.]
THE POLITICAL FUTURE
A brief word on US political parties. I’ve said for years that the Demopublicans and the Republicrats are just two wings of the same party. One says it’s for social freedom (which is a lie), but is actively antagonistic to economic freedom. The other says it’s for economic freedom (which is a lie), but is actively antagonistic to social freedom. Both are controlled by members of the Deep State.
I still think that’s an accurate description of reality. But, in truth, it’s a little unfair to the Republicans. The creatures who control the Republican Party are one thing—and they were massively repudiated by the victory of Trump. Good riddance. But the people who gravitate towards the GOP are something else. To them, the GOP mostly represents a cultural club they belong to.
Rank and file Republicans don’t have any cohesive philosophy binding them together. They’re just sympathetic to “traditional” values. They like the picture postcard version of America. The 1950’s style “Father Knows Best” family. The world of “American Graffiti”. A house in the suburbs, or a small, neat farm. Thanksgiving dinners with relatives. The exchange of Christmas cards. Going to church on Sunday. The husband having a job that allows him to support the wife and kids. Chevrolets and Fords. A relatively small, non-predatory government. A friendly neighborhood cop. A basically decent and stable society, which doesn’t tolerate crime, or overly outlandish behavior, where social norms are understood and observed.
You get the picture. It’s a cultural thing, not an ideological or political construct. Unfortunately, it’s no longer a reality. It’s more and more just an ideal, about as dated as a Norman Rockwell painting on the defunct Saturday Evening Post.
The Democrats are quite different in outlook. They see themselves as hip and sophisticated, and see traditional values as “square”. They’re for globalism, not American nationalism. Forget the clean cut Mouseketeers; the fat and loathsome Lena Dunham is the new role model. Political correctness rules. White men are automatically despised. Black is beautiful. Women are better than men. The very idea of America is in disrepute, and held in contempt. Multiculturalism overrules home-grown values. Etc. Etc.
You’ll notice that there was very little discussion about policy in this election. It was almost all ad hominem attacks, mostly pushing emotional hot buttons, not intellectual points. It’s all about a culture clash. It’s a non-violent civil war. These two groups no longer have very much in common. And they don’t just disagree, they hate each other.