this post was submitted on 03 Nov 2023
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I’d actually argue that Trump comes from the real estate bourgeoisie but I agree on the Biden characterization. Biden never saw an MBNA donor contribution that he didn’t love (like in 2008 when he sold all future generations out for a $250,000 payout from MBNA).
I just don’t see how real estate wealth translates to industry. In general, many of Trump’s areas don’t fully align with the Republican establishment who, in my observation, generally are from real estate, energy, and industry as you mentioned.
Thinking about it more, it seems like real estate has a lot of overlap in both parties.
Trump obviously comes from real estate, but his current money-making on a direct level is decidedly media-driven. The question is who gives him money and who benefits from his policy, and I think the answer is that he has a relatively larger amount of support from the petite bourgeois.
Yeah that’s true. They found a cash cow in him, though I’d still consider him an outsider (especially after his political capital has been used up).
High fixed capital