I am not a political animal – except insofar as I think I understand the role of government in creating the infrastructure required for productivity development (and have offered advice to quite a few governments over the years). 

However, I must day that I am astonished by the current political scene in the USA.

The Republican party seems to be doing its best to tear itself apart.

The only comment I will make on Donald Trump is that, from this distance, he seems to be a ‘populist’ – telling people what he thinks they want to hear – with little ideology backing up his rhetoric.

Hopefully if he ever got to power, he would moderate some of his views – and take advice from those with more political experience.

I fear if he does not, the USA is in for a period of instability -and falling productivity.