Trump’s America: Navigating Extreme Capitalism and Transactional Democracy
In recent time, the American political landscape has undergone a profound transformation under the influence of Donald Trump, with policies that have been characterised by a move towards what some commentators describe as “extreme capitalism” and a transactional form of democracy. This report examines the evolution of these policies and their multifaceted implications, both domestically and on the international stage, while providing a critical analysis of the advantages and disadvantages inherent in the Trump administration’s approach. At the heart of the economic agenda pursued by the Trump administration was a decisive embrace of deregulation and substantial tax cuts. The rationale behind these measures was to stimulate economic growth by reducing the financial burdens on corporations and high-net-worth individuals, thereby encouraging investment and business expansion. Proponents argued that such policies revitalised domestic industries, fostered an environment of entrepreneurial d...