Republican president-elect Donald Trump works behind the counter during a visit to McDonald's in Feasterville-Trevose, Penn., on Oct. 20.Kevin Yin is a contributing columnist for The Globe and Mail and an economics doctoral student at the University of California, Berkeley.
More than anything, it was a rhetorical and practical emphasis on economic growth. In the 90s, on the right, Canadian prime minister Brian Mulroney privatized a slew of Crown corporations and signed the North American free-trade agreement. On the left, Bill Clinton and Tony Blair rode a wave of “Third Way” pragmatism to power in the U.S. and Britain, respectively – an approach which emphasized a critical role for markets and the wisdom of the private sector.
The Trudeau government’s knee-jerk response to economic woes is to throw cash at the problem and hire through the government, instead of a systematic re-evaluation of how we got here in the first place. When the state coffers run dry, the very investments we need to raise productivity are taxed to make up the difference.
More broadly, the thought leaders of the Republican Party have turned away from their traditional Reaganite agenda toward peddling conspiracies, protectionism and anti-immigrant sentiment. It has embraced the clash of cultures over a clash of substance as its preferred turf, and Americans will be poorer for it.
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