Trump’s oligarchy takes shape

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Donald Trump, champion of the people, is surrounding himself with a team of 1%ers the like of which we have never seen before in US politics. From The Guardian:

Trump, a former host of reality TV show The Apprentice, is surrounding himself with the 1%: billionaires and millionaires, investment bankers and venture capitalists, Wall Street insiders and family fortune heirs, many educated at elite schools. It is the most brazen embrace of big money since the 1980s era of Ronald Reagan, Tom Wolfe’s Masters of the Universe and Oliver Stone’s Gordon Gekko.

“It is a throwback to the ‘greed is good’ mentality,” said Marge Baker, executive vice-president of the liberal pressure group People For the American Way. “It’s also alarming that the president-elect said he believes what’s good for his business is good for America. That’s not how you want the leader of your country to be making decisions.”

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.