- Created: Wednesday, 09 November 2016 14:03
- Written by Steve Palmer
Donald Trump has defied polls, and the immediate hopes of the US ruling class, to win the US Presidential general election. Democrats are shell-shocked, seeming not to realise what has happened and why. Trump supporters are euphoric. Steve Palmer reports.
Immediately prior to his victory the largely liberal media, the US ruling class and the markets were taking comfort from the last minute opinion polls, and, somewhat nervously but more confidently, were expecting a Clinton victory. Clinton was their favoured candidate because she was bought and paid for by Wall Street, and, despite her verbal claims to the contrary, represented business-as-usual. She had a superior ‘ground game’ – the get-out-the-vote machine on the ground – or so they thought. At least the rules of the game would have been clear, the policies would have been pretty-much-more-of-the-same and her election would have represented relative stability and predictability. By contrast, Donald Trump has made extravagant promises to his supporters, railing against free trade, the Washington political machine (‘We’re going to drain the swamp’), Wall Street and oppressed sections of US society. Exactly what policies he will actually pursue once sworn-in in January, is a complete unknown. Combined with his animation of dissident sections of the US working class, and his mercurial temperament, this unpredictability deeply scares finance capital in the immediate short term. This was reflected in the immediate reaction of global financial markets in the US and around the world which have totally cratered.