[unable to retrieve full-text content]In a recent economic roundtable, economists Richard Wolff and Prof Michael Hudson analyzed the surprising factors behind Donald Trump’s 2024 election victory. Wolff attributed Trump’s win to a deep, growing resentment among the American working class, disillusioned by four decades of neoliberal globalization. This shift hollowed out U.S. manufacturing, devastated cities like Detroit, and stripped jobs from communities, creating a longing for a past economic stability that Trump’s rhetoric promises but fails to deliver. Wolff emphasized that Trump’s appeal lies in his symbolic stance as the “protector” of working people, contrasting sharply with the Democrats’ limited policy proposals. Hudson added a political lens, arguing that Democrats knowingly
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In a recent economic roundtable, economists Richard Wolff and Prof Michael Hudson analyzed the surprising factors behind Donald Trump’s 2024 election victory. Wolff attributed Trump’s win to a deep, growing resentment among the American working class, disillusioned by four decades of neoliberal globalization. This shift hollowed out U.S. manufacturing, devastated cities like Detroit, and stripped jobs from communities, creating a longing for a past economic stability that Trump’s rhetoric promises but fails to deliver. Wolff emphasized that Trump’s appeal lies in his symbolic stance as the “protector” of working people, contrasting sharply with the Democrats’ limited policy proposals.
Hudson added a political lens, arguing that Democrats knowingly chose policies they knew might fail with working-class voters, prioritizing loyalty to their Wall Street-aligned, neoliberal agenda over progressive, labor-focused alternatives. Both economists suggested that voters’ desire for substantial economic change led them to Trump—not as a true savior but as a rejection of the political status quo. Hudson further noted the systemic challenges third-party candidates like Jill Stein face, reflecting a political system that marginalizes alternative voices and limits meaningful change. Together, Wolff and Hudson reveal an American political landscape where economic frustration fuels a polarizing and performative political arena.
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