Blog Archives

The China Shock and the Japan Shock

Posted in 2016 elections Tagged with: , , , , , , , , ,

The riddle of the 2016 election campaign is, why is all this happening now?  Thomas Edsall, author and contributing op-ed writer for The New York Times, was not the first to pose this fundamental question, as I had thought. Sean Trende, at Real Clear Politics, beat him to it by a month with an illuminating piece. But Trende’s explanation was cultural, and Edsall’s answer seemed too omnibus to me – a stew consisting of everything from trade to fiscal crisis to the Supreme Court’s Citizens United decision. The anger that characterized the Tea Party election of 2010 was easy enough to