Try GOLD - Free

Trump's political coalition could collapse under its contradictions

Mint Hyderabad

|

March 11, 2025

Divergent world-views may co-exist but people's special agendas make ruptures all but inevitable

- DANI RODRIK

Although Donald Trump came to office riding a wave of hostility against 'elites,' his enablers are leading members of the establishment and plutocracy. As was true during his first term, Trump has surrounded himself with a mix of conventional Republican politicians, Wall Street financiers, and economic nationalists. But this time, these groups have been joined by members of the techno-right, represented most glaringly by Elon Musk, the world's wealthiest person.

What unites these groups, at least for now, is not Trump's character or leadership. Rather, it is the belief that their specific agendas will be better served under Trump. Conservative Republicans want low taxes and less regulation, while economic nationalists want to close the trade deficit and revive US factories. Free-speech absolutists want to end 'woke censorship,' while the techno-right wants a free hand to enact its own vision of the future.

Irrespective of their pet projects, these groups all regarded Kamala Harris as a hindrance and Trump as an ally. Most do not oppose democracy, per se, but seem willing to overlook Trump's authoritarianism so long as their agenda is served. Press them on Trump's anti-democratic impulses and contempt for the rule of law, and they'll equivocate.

MORE STORIES FROM Mint Hyderabad

Mint Hyderabad

From loss to profit: Juspay nets ₹62 cr

Payments solutions provider Juspay Technologies has reported a profit after tax (PAT) of ₹62 crore for 2024-25, driven by a rise in digital transaction volumes, an expanding client base, and global expansion.

time to read

1 min

November 13, 2025

Mint Hyderabad

KPIT: Strong deal flow, but can it keep engine humming?

Midcap information technology (IT) company KPIT Technologies, which has carved a niche in automotive software services, is set to bear the brunt of planned cuts in IT investments by automobile original equipment manufacturer clients.

time to read

1 mins

November 13, 2025

Mint Hyderabad

Groww most valued broker on mkt debut

Stock jumps 31% on listing day, market capitalization eclipses older peers

time to read

2 mins

November 13, 2025

Mint Hyderabad

HAL posts 11% rise in quarterly profit

Hindustan Aeronautics Ltd (HAL) reported higher second-quarter profit on Wednesday, supported by strong order execution, though weaker operating margins dragged its shares down 3% after results.

time to read

1 min

November 13, 2025

Mint Hyderabad

Mega export schemes get nod

The Union cabinet on Wednesday approved two major initiatives worth a combined %45,060 crore to strengthen India’s export ecosystem and ease liquidity pressures for exporters.

time to read

1 mins

November 13, 2025

Mint Hyderabad

Mint Hyderabad

Why only one of two big Tata Trusts inducted Neville, Bhat

Srinivasan said SRTT didn’t have the appointment on the agenda, did not attend SDTT meet

time to read

2 mins

November 13, 2025

Mint Hyderabad

The central bank faces a duality in the adoption of AI

The rapid adoption of artificial intelligence (AI), especially generative AI, is no longer a peripheral technological shift, but a profound macroeconomic shock.

time to read

3 mins

November 13, 2025

Mint Hyderabad

Mint Hyderabad

Retail inflation plunges to record low of 0.25% in Oct

The decline in inflation in October, like the previous several months, was led by the food group. Inflation for food items, which account for nearly 40% of the inflation basket and have a heavy influence on the headline inflation, plunged to -5.02% from -2.33% in September. The sharp decline was led by vegetables and pulses and products, inflation for which came in at -27.57% and -16.15%, respectively.

time to read

2 mins

November 13, 2025

Mint Hyderabad

Mint Hyderabad

Quick commerce uses algos to bunch orders, save costs

The strategy is reshaping q-commerce, turning rapid delivery to a data-driven logistics game

time to read

2 mins

November 13, 2025

Mint Hyderabad

How an Abu Dhabi unit became vital for Reliance

An Abu Dhabi-based subsidiary of Reliance Industries, Reliance International Ltd, has emerged as one of the conglomerate's vital units in the face of shifting global oil trade and now accounts for nearly a fifth of the parent's consolidated revenue.

time to read

1 min

November 13, 2025

Listen

Translate

Share

-
+

Change font size