Saving Global Capitalism [HIGHLY RECOMMENDED]
https://www.project-syndicate.org/commentary/saving-global-capitalism-from-populism-by-alexander-friedman-2016-11
Harvard economist Larry Summers notes:
“The late MIT
economist Rudiger Dornbusch made an extensive study of the results of populist
economic programs around the world, finding that while they sometimes had
immediate positive results, over the medium- and long-term they were
catastrophic for the working class in whose name they were launched. This could
be the fate of the Trump program given its design errors, implausible
assumptions and reckless disregard for global economics….Populist economics
will play out differently in the United States than in emerging markets. But
the results will be no better.”
https://www.project-syndicate.org/commentary/saving-global-capitalism-from-populism-by-alexander-friedman-2016-11
Harvard economist Larry Summers notes: