The American political landscape has significantly transformed, especially within the Republican Party, which has shifted from pro-capitalism to a more populist stance under President Trump. This change is evident in recent proposals to ban large real estate investors from buying single-family homes and to cap credit card interest rates. Such interventions prioritize government control over free market principles, reflecting a concerning trend towards increased regulation that’s supported by some Democrats as well.
Research shows that banning investor ownership could negatively impact housing affordability, while capping credit card rates might exclude higher-risk individuals from accessing credit. These policies align Trump with progressive lawmakers in promoting government intervention in the economy, suggesting a convergence towards a socialist approach in both major parties. As economic controls grow, the traditional division between Republicans and Democrats fades, culminating in a risk of financial instability. The implications of these shifts underscore the urgent need for a return to market-based solutions.
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