Wednesday 20 September 2017

Only if Trump wins will it be time to really worry

Times are bad - but the centre is holding and parallels with the 1930s just don't stack up, writes Dan O'Brien

Big man, little man: Donald Trump at the Republican convention in Cleveland last week. Photo: Carolyn Kaster/AP
Big man, little man: Donald Trump at the Republican convention in Cleveland last week. Photo: Carolyn Kaster/AP
Dan O'Brien

Dan O'Brien

These are unsettling and uncertain times. Almost every week brings a shock, a change, a major event. Some weeks recently have brought more than one. Last week's instalment included mass murder in Munich and the confirmation that the ranting narcissist Donald Trump, the most different candidate the two major US parties have put up since World War II, will represent the Republicans in November's presidential election.

It is hard not to sense that things are sliding towards something even worse, given recent events and all that has happened over the past eight years.

The crash of 2008 led to the worst slump since the middle of the last century. Few developed economies have fully recovered. For the first time in generations, huge swathes of people have seen no improvement in their material standard of living over almost a decade.

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