5. Wall Street Bailouts
Unsurprisingly, Clinton and Trump both support crony capitalism. It shouldn’t come as a shock for Hillary. She refuses to release the content of speeches she has given to Wall Street firms. She talks tough, mostly courtesy of some Sanders-driven pressure, but doesn’t have the history to back it up. With a second Clinton Administration, we can certainly expect the big banks and corporations to expand via cronyism instead of the free market.
Trump is no real friend to the free market either. It should be no surprise, especially given how he has used government to benefit his own ventures in the past. Trump’s love for eminent domain should make his support for bailouts all the less surprising. When people support the principle of the state interfering in business, there’s no real logical stopping point on those grounds.
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