The article discusses how Donald Trump's approach to trade diverges sharply from the traditional free-trade economics embraced by many, leading to chaotic tariff policies that have harmed markets. John Cassidy, an established financial journalist, shares insights from his new book, examining capitalism's evolution and its negative aspects, particularly in relation to the emergence of monopolies beyond regulation. He notes the shift in how younger generations perceive capitalism, linking their views to environmental concerns more than previous cohorts did.
"Capitalism itself has put its worst face forward in the last twenty or thirty years through the growth of huge monopolies which seem completely beyond any public control or accountability."
"Young people-they look at capitalism and the economy through the prism of environmentalism now in a way that they didn't in our generation."
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