Svetozar Pejovich

Trump Vs. The Establishment: It’s The Rent-Creation

Arguably, the median voter was manipulated by the elite of both parties, the so-called “Establishment.” In addition to the political leaders of both parties, the Establishment includes professionalized legislators, members of the executive branch of federal government, supreme court judges, lobbyists, CEOs of major corporations and financial institutions, leading journalists and TV personalities, academic advisers, and other fellow-travelers.

Republican presidential candidate Donald Trump speaks before introducing his vice presidential running mate Indiana Gov. Mike Pence at the New York Hilton Midtown on July 16, 2016 in New York City. Trump announced his choice on Friday via Twitter after the initial press conference was canceled due to the terrorist …