FortuneDiane Brady
The midterms are a referendum on public trust
Good morning.The midterms are tomorrow, and the outcome will determine more than which party controls Congress. If Democrats win back the House, the Senate, or both, President Donald Trump will have a harder time securing the policies, people, and funding needed to carry out his…
Either way, the results will test public trust in three areas:
Trust in capitalism.Americans put up with a lot when they think they have a shot at the prize, but that sentiment is fading in this winner-take-all economy. ThisFed chartshows how a rapidly increasing share of U.S. household wealth has gone to rich white Boomers since 1989. Gen Z in particular is seeing signsthat the system is rigged: fromrecord oil company profitsamid rising energy prices to the unaffordability of housing, health care, and education.
They’re worried AI will take their jobs.
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