Economists like to think of the wreckage caused by stock market downturns, widespread bankruptcies, and corporate downsizing as “creative destruction.” As it destroys the old and the dysfunctional, the capitalist system continually spurs innovation, much as a forest fire prepares the ground for new growth. Or so the representatives of the dismal science argue. Donald… Continue reading Trump’s ‘Uncreative Destruction’ of the U.S.-China Relationship
“Get me outta here.” At the recent G20 meeting in Argentina, Donald Trump was on the world’s stage when he muttered this aside to an aide. He was supposed to be getting ready for a photo op with the other global leaders at the conclusion of the meeting. And, after some confusion, Trump eventually did… Continue reading Trump Turns the G20 into the G19
The news that Canada has caved on trade has me depressed. The glee with which Donald Trump has announced his latest “victory” is galling. Sure, he didn’t force Mexico and Canada to do everything he wanted in the NAFTA replacement. But he certainly can claim a public-relations coup. And his supporters in Congress are milking… Continue reading Do Bullies Always Win?
By slapping tariffs on Chinese imports, Donald Trump has once again proven to be the Disrupter-in-Chief. This week alone, he’s brought John Bolton in as national security advisor over the objections of every sane person in the universe, threatened to go after Bashar al-Assad over the Syrian leader’s alleged use of chemical weapons, and revived disgusting characterizations of Mexicans as rapists.… Continue reading Trump’s Trade War Is About Trump, Not China