Trumping the People: How the Corporate Elite Benefitted From the Trump Administration

Abstract

Donald Trump portrayed himself as a crusader against corrupt elites, claiming he would “drain the swamp.” Corporate elites generally depicted themselves as either trying to work with him or as directly opposed to him. Yet a closer analysis of Trump's policies and their outcomes in key issue areas, from taxes to immigration to the environment, shows continuity with previous pro-corporate policies. Furthermore, by positioning Trump as opposed to the elite, Trump and commentators on his presidency created a “radical flank” effect that made status quo, pro-corporate policies appear as progressive victories. This analysis suggests that a focus on the personal characteristics of politicians is misleading, and that the focus of political discourse needs to be on the power structure that shapes policy outcomes.

Citation

Murray, J. (2022), "Trumping the People: How the Corporate Elite Benefitted From the Trump Administration", Young, K.A., Schwartz, M. and Lachmann, R. (Ed.) Trump and the Deeper Crisis (Political Power and Social Theory, Vol. 39), Emerald Publishing Limited, Leeds, pp. 31-47. https://doi.org/10.1108/S0198-871920220000039003