• 12 hours Is This The World’s First Truly Democratic Stock Exchange?
  • 15 hours India’s Wealthiest Set To Hold $23 Trillion By 2028
  • 18 hours First Quarter Profits Slip For World's Top Oil Companies
  • 20 hours The Yuan May Be China's Biggest Weakness
  • 1 day Hedge Funds Having A Banner Year
  • 2 days Disney Heiress Asks “Is There Such A Thing As Too Much?”
  • 2 days BHP Turns Bullish On EVs
  • 2 days Investors Turn Bullish On America’s Nuclear Decommissioning Business
  • 2 days The $90M Inflatable Rabbit Redefining Modern Art
  • 3 days Huawei’s Fate In The Air
  • 3 days Tesla Slashes Prices Again
  • 3 days The Modern History Of Financial Entropy
  • 3 days Italy’s Central Bank Embraces Sustainable Investing
  • 4 days Trump Lifts Metals Tariffs To Cool Simmering Trade War
  • 4 days Researchers Push To Limit Space Mining
  • 4 days Could China Start Dumping U.S. Treasury Bonds?
  • 4 days Is Winter Coming For HBO?
  • 5 days Rise Of EVs Signals Peak Gasoline
  • 5 days Jeff Bezos Doubles Down On Space Colonization Ambitions
  • 6 days Gold Mining Stocks Stuck In Limbo
How Millennials Are Reshaping Real Estate

How Millennials Are Reshaping Real Estate

The real estate market is…

Market Sentiment At Its Lowest In 10 Months

Market Sentiment At Its Lowest In 10 Months

Stocks sold off last week…

  1. Home
  2. Markets
  3. Other

Profound Political Change

The popular uprising has become distinctively successful. Worthy of the name "American Spring", it will likely continue for decades. As a start, the map of the wins and losses on the county by county basis tells the story. Support for ambitious and authoritarian government is found mainly in the major cities. The Urban Socialist vote that demands entitlements. As with the financial markets, there will be some advances and some setbacks, but another reformation of in-your-face and in-your-wallet government is well underway.

We have often compared the movement to the one in Eastern Europe that took down the Berlin Wall. That was on November 9, 1989. Over the past eight years, the Democratic administration has been unusually ambitious in building the regulatory equivalent of the Berlin Wall. Symbolically speaking, the Trump administration with growing support will be taking it down.

Brick by brick.

On the historical picture, this could eventually be described as another Great Reformation. Similar to the one that in the early 1600s ended the last great experiment in authoritarian government. The previous such experiment distorted Rome into a murderous police state. The thrust to corruption also lasted for some 100 years. The experiment in intrusive government that is ending now began around 1900.

This is a very profound political event which is constructive. That's for those who think the social contract should have government in fear of the people. Not people in fear of government. The win also shows a returning regard for the concept of common law that applies equally to everyone. Let's call it a return to constitutional norms. These are the key motivating items.

This has been the brighter side.

On the dismal side, the Washington swamp really needs draining. And it will be resisted as fiercely as DC fought the election. Government, Main Stream Media and the Democratic Party became a monolithic and dangerous political entity. It will not willingly shed status, power and ambition.

But on the struggle, bureaucrats will no longer be on the offensive, but they can still be troublesome on the defensive. Once out of its "me too" liberal mode, the Republican majority in both houses can work effectively with the new president.

Considering Trump's appalling use of bling, the taps for draining the swamp could be gold plated.

 

Back to homepage

Leave a comment

Leave a comment