Summary
Robert Reich argues that Wall Street, not political or institutional checks, will be the primary constraint on Donald Trump’s upcoming presidency.
While Trump’s cabinet includes disruptive figures like RFK Jr. and Pete Hegseth, his pick for Treasury Secretary, Scott Bessent, a hedge fund manager tied to Wall Street, signals an intent to reassure financial markets.
Wall Street’s fear of inflation and stock market instability could curb Trump’s tariff plans, despite their populist appeal.
Ultimately, Reich criticizes the reliance on markets, rather than democratic mechanisms, to limit Trump’s power.
Why the hell would it be? Donald Trump is a lifelong corpo. Anyone who believes he gives a single shit about the common folk is delusional.
The system will be tuned to work even better for corporate profits at the expense of the citizens.