Is it possible that wall streets economic interests were not aligned with the interests of U.S citizens? One could argue we are now so down the road of globalization that any attempt to pull back would cause economic disaster. I think probably yes.
The wealthy make their money in the market, while the poor rely on wages whose dollar keeps decreasing in value. I get the 401k angle too. But for too long the wealthy have prospered through dividends while the plebs can't afford rent, let alone a house.
> Is it possible that wall streets economic interests were not aligned with the interests of U.S citizens?
Yes
but current administration and policy is terrible for almost everyone. Globalization has in general benefited poor and rich countries very broadly while hurting a few workers in certain industries. Trying to reverse that is largely futile and will double down on the bad sides of protectionism while not doing much to "bring back" jobs that moved abroad or became more automated.
The wealthy make their money in the market, while the poor rely on wages whose dollar keeps decreasing in value. I get the 401k angle too. But for too long the wealthy have prospered through dividends while the plebs can't afford rent, let alone a house.