Project Syndicate’s Post

Perhaps the most apt summary of Trumponomics is to say that it has eschewed the quietly overbearing “Nanny State” that free-market ideologues decry in favor of a commanding, patriarchal “Daddy State,” writes Antara Haldar in a new PS Big Question. As Spain learned under the fascist dictator Francisco Franco, however, such paternalistic capitalism can deliver bursts of growth, but often at the cost of long-term dynamism. Read more from Haldar – as well as Mariana Mazzucato, Michael R. Strain, and others – at the link.