The American economy is suffering from corruption

the Majority of Americans as supporters of left-wing and right-wing views, is not the first to Express their dissatisfaction with the corrupt political system of the country. The Republicans have the Tea Party movement was one of the first called to radically change the priorities of the party, and the election of Donald trump — “the first swallow” of these changes. Meanwhile, a similar revolt against the established practices pushed the Democratic party sharply to the left.

the Americans are unhappy that the system operates unfairly and mainly in the interests of business and government elite. And although people, according to opinion polls, are not always able to determine exactly how the system is rigged, their aversion to the existing model is understandable. The elite in business and government routinely conspire to drive the American economy for their own benefit, writes in The National Interest the chief economist of the Milton Ezrati Vested.

When politicians, heads of corporations, journalists, scientists and activists offer a variety of ways to make society more fair, efficient or competitive, they, in fact, calls for close cooperation between the government and private corporations. But this collaboration seem to always lead to agreement.

Over time, a corporatist approach to the economy became a major in the U.S. economy — to the detriment of all, with the exception of collusion. That is why the society, regardless of whether it leans left or right is extremely dissatisfied with what is happening. Given what is at stake, the fight against state-corporate elites will be severe and prolonged.

the Most striking example of collusion between government and business can be found in the financial crisis of 2008-09 long before the collapse of Washington has secured the support of the banking sector in the promotion of their political goals — widespread homeownership among low-income Americans. Washington elites demanded banks to give mortgages to those who have low credit score and questionable ability to repay the loan, i.e. the so-called sub-Prime borrowers.

Since these requirements put banks in an extremely precarious position of the state regulators came to their aid. They allowed banks to reduce risks by using dubious financial instruments. One of them, a “credit default swap” (credit default swap), which is intended for insurance against a counterparty will default on financial obligations.

Despite all these maneuvers, by 2007, the house of cards began to rapidly collapse: subprime borrowers has begun to meet its mortgage obligations. What was the response of the Washington politicians? They, according to them, began to save the financial system of the country. But as it turned out, the politicians did in order to protect their corporate partners.

part of the election Donald trump — the desire of society to change the existing system. People may not understand all the intricacies of “false system” or the reasons for its occurrence, but they see the fact that the elites — those who have influence in government, business and Finance — work solely for their interests and for their political program.

trump, with all that it is a reflection of public discontent, does not show special desire to eliminate the corporatist system (although during his election campaign promised “to drain the Washington swamp.”

Almost all of his behavior indicates that he wants not so much to save the country from a conspiracy of the system, but to redirect public attention to the more preferred agenda. In this context, consideration should be given tax breaks for Apple or efforts to mitigate environmental requirements in order to increase the extraction of shale gas and oil.

Controversial rhetoric and unpredictable behavior trump create PUtanico as to where to move the administration. It is unclear, does the White house — at least when it comes to the economy — with what and with whom he is dealing. All this is not much hope for overcoming the existing problems in the American economy.