UWI official warns of fallout from Trump election

UWI official warns of fallout from Trump election

Barbados Today:-A leading Caribbean academic today warned that no good will come to the Caribbean as a result of billionaire businessman Donald Trump’s victory in yesterday’s presidential election in the United States.

In fact, Vice Chancellor of the University of the West Indies (UWI) Sir Hilary Beckles suggested that Trump’s election was a retrograde step that would take the US back by several decades to the days of “plantation America” when blacks had little to no civil rights and white supremacy was key.

Sir Hilary, an economic historian, also warned of global economic fallout, as the stunning political decision in Washington takes hold of the entire world.

“My expectation is that we are going to see a deepening of the world recession because three quarters of humanity will assume that the United States no longer possesses the moral authority to direct the world economy,” Sir Hilary said during a post-US presidential election analysis at the UWI Mona Campus in Jamaica.

He also suggested that world trade would be adversely impacted based on the anti-free trade policies espoused by Trump on the campaign trail, and cautioned the Caribbean that this would have negative implications for both its imports and exports.

“We have to prepare for a return to diminished levels of international trade as a result of this construct,” Sir Hilary said.

US stock index futures came well off session lows today after Hillary Clinton conceded the presidential election to Donald Trump.

However these were initially volatile as election results started rolling out at around 7 p.m. yesterday.

Today, Dow futures were about 190 points lower after earlier falling 800 points. Just before midnight Eastern Time (ET), S&P 500 futures and Nasdaq 100 futures plunged more than five per cent. Around 8:03 a.m. ET, they held about 23 points lower and 76 points lower, respectively.

The Mexican peso, which has been a proxy for Trump, also fell sharply against the dollar, as the market reacted to Trump’s suggestion that he would build a wall along Mexico’s northern border and break trade deals with the country. The US dollar also gave up early gains against the yen and Swiss franc.

However, Gold futures traded higher, rising 2.19 per cent, or $27.90, to $1,302.40 per ounce.

Apart from the economic fallout, Sir Hilary said today the region must brace for “migration of larger numbers of Caribbean people back to the region and significantly back to Latin America” as result of Trump’s presidency, which he said had “reconstructed the white global supremacy system”.

Delivering a detailed analysis of Tuesday’s vote, the regional academic further described the US poll result as a lesson in “History 101”, while warning of the return to “plantation America”, which was built on an “elite domination of civil society” and “in which white masculinity was the single source of power and authority”.

“They [American electorate] have chosen to return to the past . . . . They have put aside a perception of that inclusive democracy – that together we are stronger,” he said in criticizing the election of Trump over the Democratic presidential nominee.

The Vice Chancellor said the Republican had successfully used his “Trumpism” to pander to white Americans who had felt excluded.

“What we have seen in North America is that the large, white working class, unskilled, that have been excluded by globalization because of the rise in technology have responded to that circumstance through ethic solidarity.”

Sir Hilary also pointed out that the election result mirrored the Brexit vote back in June, through which Britons chose to leave the European Union.

“If you place the Brexit and US circumstances in context you will see that there is a preference for the past. The majority of persons are preferring to go back to the past – a pre-technology past – and the way to do that is consolidate around ethnic solidarity.”

However, he cautioned that “Trumpism” was not about Republicanism, but was linked to policies advocated by Russian President Vladimir Putin, who featured in the heated election campaign, with Trump often praising Putin as a strong leader.

“The purpose of Trumpism is to capture the state for the empowerment of a group of people who have a perception of what America is – that is why Trumpism and Putinism are identical,” he said.

Nevertheless, Sir Hilary was confident that the principles promoting unity established by outgoing president Barack Obama would not die.

“Those forces will not go away. They have been defeated but the turn of history and dialectics of history will see the resurgence of those ideologies in short time, I am sure,” he said.

Related Articles

5 Comments

  1. Sad
    November 10, 2016 at 9:01 am Reply

    Not only Trump won the elections but racism, discrimination and bigotry

  2. Anonymous
    November 10, 2016 at 10:16 am Reply

    Give Trump a chance and stop talking (Word removed). Learn our lesson. Democrats turned the election into a race affair between minority and majority. Can’t you see this backfired,?

  3. Anonymous
    November 10, 2016 at 11:44 am Reply

    Trump has had a long history of everything he spewed on the platform during the elections campaign. The years of bigotry and 18 months of madness cannot be washed away with an 11 minute victory speech calling for the opposite of what he said for so long. As a result Americans and the world are apprehensive about what will come. Could it be that what he showed the world, so unashamedly, was all a mistake? I don’t think so. And what about all those bigots, racists, xenophobes, and pussy gropers who now believe they have a voice and sympathizer in the White House? Why do you think the world has been shocked and at the same time amused by his stupidity during the campaign?

  4. MArk
    November 10, 2016 at 12:05 pm Reply

    Why doesn’t Sir Hilary keep quiet with these stupid plantation remarks. Has he ever lived in America and seen the vast difference in the lives of blacks and whites. Why didn’t he comment on all the negative fallout from The Obama presidency on our region. Why because Obama is black.

    We as a people cannot depend on crumbs falling off American tables. We should at least figure a way to get back to our plantations and start to feed ourselves. So instead of jumping up and down and screaming we can do something positive. By the way Trump was a better choice than Clinton. That’s what the American people think. And that’s who counts. Give the guy a chance to do his work.

  5. Anonymous
    November 11, 2016 at 1:10 am Reply

    Beckles has gotten this one wrong. I think the Donald will be a great president. He did what he had to do to win. Exactly what Obama did to win. And that is destroy Clinton. This election was an eye opener for me and many others as it exposed the levels of corruption among the political elite, those who feel that only they can lead. The people have spoken and rightfully so rejected this view. Sometimes it takes a straight talking non politician like Trump to make a difference, one that will truly impact the people in a positive way.

    What has the black Americans gained from voting Democrates – nothing but more poverty for many. So why not try the Donald.

    Why should we despise the Donald for wanting to rebuild his country, for wanting to create employment, for wanting to reduce their huge national debt, for wanting to control illegal immigration? What’s wrong with that! Why should they give away trillions of their taxpayers money when so many Americans are struggling? I truly believe that a more prosperous America will be better for the world. This man has to make some hard choices to get American prosperous again, choices that the corrupt political elite will never make. And guess what. – he will succeed.

    People around the world will revolt against the political elite and their failed policies that seek to enrich only a few and turn towards men like Trump for leadership. He demonstrated his prowess as a leader by running a lean campaign. Had only about eighty staffers compared to Hilary’s eight hundred and spent next to nothing compared to her and won. Sir Beckles would do good talking about the positives in this straight talker.

    We as a people need to start fending for ourselves and stop being so pessimistic about our future. The plantation days are gone! Tell Sir Beckles Jack say so and history will prove him wrong.

Leave a Reply

Shares