Markets are shaped by choices. Not just the choices of sellers and buyers, but the choices of political leaders too, who shape the rules that govern how markets operate.
Markets only work if government sets the rules of the road, establishing property rights, providing consumer-safety protections, protecting workers, and much more. The critical question is who writes those rules and who benefits from them.
Under the Trump administration, the answer is clear: the economic rules have been rewritten to enrich wealthy donors and politicians and to hurt working- and middle-class families.
Look no further than Trump’s signature legislation: his tax bill.[Full article @ MarketWatch.com]