The Rise and Fall of Modern Bounderby: An Overview of the Evolution of Economy from Mercantilism to Trumponomics with reference to Dickens’s Hard Times (1854)

Khalid Ahmad Yas

Abstract


The election of Donald Trump can be examined in the context of the rise of authoritarian populist, nationalist, and anti-globalist movements throughout the world due to neoliberal policies, job outsourcing, and the influx of immigrants. Unlike preceded presidents, Trump had no previous political or military experience; instead, he popped out from the business world and entertainment culture. The paper’s endeavour is twofold: first, to trace the evolution of the economy from Mercantilism to Trumponomics, which is a mixture of mercantilism globally and neoliberal flavoured with classical crony capitalism of Dickens’ Bounderby domestically to appease his voters and not to upset his wealthy friends. The second is to draw a comparison between Donald Trump and his counterpart Josiah Bounderby, a stark example of capitalism. The paper will not only trace his ascension to the very pinnacle of world power as the president of the United States but also his fall, testing the allegations of the clown prince of American politics and whether or not he betrayed his anti-globalist followers in pursuing his and big corporates interests. Like his counterpart, Mr Bounderby, who built his image on his rags-to-riches fairy tale, Trump built his own as a man of deals. While the former left no progeny and his fortune was whittled down by the court, the latter was proved to be the worst deal-maker ever. He did more harm than good and produced nothing but a faceless economy and a nation bitterly divided.

Keywords


Mercantilism, Neoliberalism, Trumponomics, Trump, Bounderby

Full Text:

PDF

References


Amadeo, K. (2021, March 29). Does Trickle-Down Economics Work? The Balance. Retrieved June 9, 2021 from www.thebalance.com/trickle-down economics-theory-effect-does-it-work-3305572.

Barkan, J. (2017, September 26). Milton Friedman, Betsy DeVos, and the Privatization of Public Education. Dissent Magazine. Retrieved June 20, 2019, from www.dissentmagazine.org/online_articles/betsy-devos-milton-friedman-public-education-privatization.

Bilston, S. (2018, June 21). Trump's America Is Beginning to Resemble A Dickens Novel. Patch. Retrieved March 17, 2020, from https://patch.com/us/across-america/trumps-america-beginning-resemble-dickens-novel.

Boot, M. (2018, June 4). Our Republican President Regards Free Markets with Contempt. Washington Post. Retrieved August 11, 2020, from www.washingtonpost.com/news/global-opinions/wp/2018/06/04/

Blair, G. (2015). The Trumps: Three Generations of Builders and a Presidential Candidate. Simon & Schuster.

Carter, Z. D. (2021). The Price of Peace: Money, Democracy, and the Life of John Maynard Keynes. New York: Random House Trade.

Charbit, Y. (2002). The Political Failure of an Economic Theory: Physiocracy. Population (English Edition). Vol. 57(6), 855–83.

Deneen, P. (2018). Why Liberalism Failed. Yale University Press.

Dickens, C. (2019). Hard Times. Global Grey eBooks.

Ebenstein, L. (2015). Chicagonomics: The Evolution of Chicago Free Market Economics. New York: St. Martin’s Press.

Fahrenthold, D. (2016, October 8). Trump Recorded Having Extremely Lewd Conversation about Women in 2005. Washington Post. Retrieved February 21, 2020 https://www.washingtonpost.com/politics/

Farmer, R. E. A. (2010). How the Economy Works: Confidence, Crashes and Self-Fulfilling Prophecies. New York: Oxford University Press, Inc.

Felbermayr, G. (2018). Dealing with Donald Trump. Intereconomics. Vol. 53(5), 257–60.

Gabriel, Shira, et al. (2018). From Apprentice to President: The Role of Parasocial Connection in the Election of Donald Trump. Social Psychological and Personality Science. Vol. 9(3), 299–307.

Goethals, G. R. (2018). Donald Trump, Perceptions of Justice, and Populism. Leadership. Vol. 14(5), 513–23.

Gould, L. (2016, November 7). Trump Hotels Buck Industry Trend, Continue To Offer Guests Porn. HuffPost. Retrieved December 23, 2020 from https://www.huffpost.com/

Hart, R. P. (2020). Donald Trump and the Return of the Paranoid Style. Presidential Studies Quarterly. Vol. 50(2), 348–65.

Hochschild, R. (2016). Strangers in Their Own Land: Anger and Mourning on the American Right. The New Press.

Kellner, D. (2017). Donald Trump, Media Spectacle, and Authoritarian Populism. Fast Capitalism. Vol. 14(1), 75–87.

Kellner, D. (2018). Donald Trump as Authoritarian Populist: A Frommian Analysis. In Morelock, J. (Ed.). Critical Theory and Authoritarian Populism (pp. 71–82). London: University of Westminster Press.

Keynes, J. M. (1964). The General Theory of Employment, Interest, and Money. St. Martin's Press.

Ko, Y. J. (2018). Donald Trump: Shakespeare’s Lord of Misrule. In Torres, A. J. and Sable, M. B. (Eds.). Trump and Political Philosophy Leadership, Statesmanship, and Tyranny (pp. 149-162). Palgrave Macmillan.

Kries, D. (2018). Thomism and Trumpism. In Sable, M. B. and Torres, A. J. (Eds.). Trump and Political Philosophy Patriotism, Cosmopolitanism, and Civic Virtue (pp. 61-70). Palgrave Macmillan.

Langman, L. (2018). Donald Trump: Morbid Symptom of the Interregnum Trump as Trope. The Monitoring of Public Opinion Economic & Social Changes. (5),124–46.

Manza, J. & Crowley, N. (2018). Ethnonationalism and the Rise of Donald Trump. Contexts. Vol. 17 (1), 28–33.

Rampell, C. (2018, June 1). Trump's Trade Policy Is Stuck in the '80s — the 1680s. Washington Post. Retrieved March 20, 2019, www.washingtonpost.com/opinions/trumps-trade-policy-is-stuck-in-the-80s--the-1680s/2018/05/31/f8e2f7c2-6510-11e8-a69c-b944de66d9e7_story.html.

Reed, E. (2018, November 12). What Is Mercantilism and How Does It Compare To Capitalism? The Street. Retrieved February 10, 2019, from www.thestreet.com/world/what-is-mercantilism-14776819.

Reich, R. (2019, June 10). The 7 Biggest Failures of Trumponomics. YouTube. Retrieved January 13, 2020 from www.youtube.com/watch?v=8sDFLYha_mA&t=15s.

Richardson, M. (2017). The Disgust of Donald Trump.” Continuum. Vol. 31(6), 747–56.

Rosenthal, M. J. (2016, August 17). The Trump Files: Donald and Melania’s Creepy, Sex-Filled Interview With Howard Stern. Mother Jones. Retrieved June 1, 2019, www.motherjones.com/politics/2016/08/trump- files-donald-and-melania- creepy- howard-stern-interview

Sanger, D. & Haberman, M. (2016, 26 March). In Donald Trump’s Worldview, America Comes First, and Everybody Else Pays. The New York Times. Retrieved January 12, 2019, from www.nytimes.com/2016/03/27/us/politics/donald-trump-foreign-policy.html.

Shalby, C. (2016, October 9). A Brief History of the Trump Campaign's Controversies with Women. Los Angeles Times. Retrieved March 14, 2019, from www.latimes.com/politics/la-na-pol-trump-campaign-insults-women-20161009-snap-htmlstory.html.

Smith, A. (1977). An Inquiry into the Nature and Causes of the Wealth of Nations. Chicago: University of Chicago Press.

Tatum, D. C. (2017). Donald Trump and the Legacy of Bacon’s Rebellion. Journal of Black Studies. Vol. 48(7), 651–74.

Thompson, J. A. (2018). The Appeal of “America First.” In Jervis, Robert, et al. (Eds.). Chaos in the Liberal Order: The Trump Presidency and International Politics in the Twenty-First Century (pp. 110-17). Columbia University Press.

Ujifusa, A. (2019, June 26). Donald Trump Hasn't Prioritized Education, Says Donald Trump's Education Secretary. Education Week. Retrieved July 27, 2020, from www.edweek.org/policy-politics/donald-trump-hasnt-prioritized-education-says-donald-trumps-education-secretary/2019/06.

Vaggi, G., Groenewegen, P. (2003). A Concise History of Economic Thought: From Mercantilism to Monetarism. UK: Palgrave Macmillan.

Valli, V. (2018). The American Economy from Roosevelt to Trump. Palgrave Macmillan.

Yearwood, S. (2013, August 3). Smith and Keynes: The Economic Insight They Shared. The Globalist. Retrieved July 27, 2020, from www.theglobalist.com/smith-and-keynes-the-economic-insight-they- shared.




DOI: https://doi.org/10.7575/aiac.alls.v.12n.6.p.37

Refbacks

  • There are currently no refbacks.




Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 International License.

2010-2022 (CC-BY) Australian International Academic Centre PTY.LTD.

Advances in Language and Literary Studies

You may require to add the 'aiac.org.au' domain to your e-mail 'safe list’ If you do not receive e-mail in your 'inbox'. Otherwise, you may check your 'Spam mail' or 'junk mail' folders.