Attention Economy


Friday, December 13, 2024

Fundamental Shifts

The counter-elite gambled on Trump and won
https://www.newstatesman.com/international-politics/2024/12/the-counter-elite-gambled-on-trump-and-won
When Vilfredo Pareto wrote that history is “a graveyard of aristocracies”, he meant the observation to apply to all ruling elites. The Italian economist and political theorist’s description illuminates the world Donald Trump’s victory is transfiguring. The liberal establishment is losing control. Where they cling on – as in universities and sections of the legacy media – the institutions they lead are dying. A counter-elite is gaining power and influence, remaking politics and business even as its ascendancy is generating chaos.
 
We Are All Mercantilists Now
https://www.wsj.com/opinion/we-are-all-mercantilists-now-international-trade-policy-protectionism-50743d8a
China’s emergence as an economic power helped fuel the rise of protectionist views on trade worldwide.