Trump’s Rogue America

June 7, 2017

Trump’s Rogue America

by Joseph E. Stiglitz

Dr. Stiglitz, recipient of the Nobel Memorial Prize in Economic Sciences in 2001 and the John Bates Clark Medal in 1979, is University Professor at Columbia University, Co-Chair of the High-Level Expert Group on the Measurement of Economic Performance and Social Progress at the OECD, and Chief Economist of the Roosevelt Institute. A former senior vice president and chief economist of the World Bank and chair of the US president’s Council of Economic Advisers under Bill Clinton, in 2000 he founded the Initiative for Policy Dialogue, a think tank on international development based at Columbia University. His most recent book is The Euro: How a Common Currency Threatens the Future of Europe.–stiglitz

America will suffer under Trump. Its global leadership role was being destroyed, even before Trump broke faith with over 190 countries by withdrawing from the Paris accord. At this point, rebuilding that leadership will demand a truly heroic effort. We share a common planet, and the world has learned the hard way that we have to get along and work together. We have learned, too, that cooperation can benefit all.–Joseph E.Stiglitz

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America will suffer under Donald J. Trump

Donald Trump has thrown a hand grenade into the global economic architecture that was so painstakingly constructed in the years after World War II’s end. The attempted destruction of this rules-based system of global governance – now manifested in Trump’s withdrawal of the United States from the 2015 Paris climate agreement – is just the latest aspect of the US president’s assault on our basic system of values and institutions.

The world is only slowly coming fully to terms with the malevolence of the Trump administration’s agenda. He and his cronies have attacked the US press – a vital institution for preserving Americans’ freedoms, rights, and democracy – as an “enemy of the people.” They have attempted to undermine the foundations of our knowledge and beliefs – our epistemology – by labeling as “fake” anything that challenges their aims and arguments, even rejecting science itself. Trump’s sham justifications for spurning the Paris climate agreement is only the most recent evidence of this.

For millennia before the middle of the eighteenth century, standards of living stagnated. It was the Enlightenment, with its embrace of reasoned discourse and scientific inquiry, that underpinned the enormous increases in standards of living in the subsequent two and a half centuries.

With the Enlightenment also came a commitment to discover and address our prejudices. As the idea of human equality – and its corollary, basic individual rights for all – quickly spread, societies began struggling to eliminate discrimination on the basis of race, gender, and, eventually, other aspects of human identity, including disability and sexual orientation.

Trump seeks to reverse all of that. His rejection of science, in particular climate science, threatens technological progress. And his bigotry toward women, Hispanics, and Muslims (except those, like the rulers of Gulf oil sheikhdoms, from whom he and his family can profit), threatens the functioning of American society and its economy, by undermining people’s trust that the system is fair to all.

As a populist, Trump has exploited the justifiable economic discontent that has become so widespread in recent years, as many Americans have become downwardly mobile amid soaring inequality. But his true objective – to enrich himself and other gilded rent-seekers at the expense of those who supported him – is revealed by his tax and health-care plans.

Trump’s proposed tax reforms, so far as one can see, outdo George W. Bush’s in their regressivity (the share of the benefits that go to those at the top of the income distribution). And, in a country where life expectancy is already declining, his health-care overhaul would leave 23 million more Americans without health insurance.

While Trump and his cabinet may know how to make business deals, they haven’t the slightest idea how the economic system as a whole works. If the administration’s macroeconomic policies are implemented, they will result in a larger trade deficit and a further decline in manufacturing.

America will suffer under Trump. Its global leadership role was being destroyed, even before Trump broke faith with over 190 countries by withdrawing from the Paris accord. At this point, rebuilding that leadership will demand a truly heroic effort. We share a common planet, and the world has learned the hard way that we have to get along and work together. We have learned, too, that cooperation can benefit all.

So what should the world do with a babyish bully in the sandbox, who wants everything for himself and won’t be reasoned with? How can the world manage a “rogue” US?

Germany’s Chancellor Angela Merkel gave the right answer when, after meeting with Trump and other G7 leaders last month, she said that Europe could no longer “fully count on others,” and would have to “fight for our own future ourselves.” This is the time for Europe to pull together, recommit itself to the values of the Enlightenment, and stand up to the US, as France’s new president, Emmanuel Macron, did so eloquently with a handshake that stymied Trump’s puerile alpha-male approach to asserting power.

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“…the rest of the world cannot let a rogue US destroy the planet. Nor can it let a rogue US take advantage of it with unenlightened – indeed anti-Enlightenment – “America first” policies”– Dr. Joseph E.Stiglitz, Columbia University

Europe can’t rely on a Trump-led US for its defense. But, at the same time, it should recognize that the Cold War is over – however unwilling America’s industrial-military complex is to acknowledge it. While fighting terrorism is important and costly, building aircraft carriers and super fighter planes is not the answer. Europe needs to decide for itself how much to spend, rather than submit to the dictates of military interests that demand 2% of GDP. Political stability may be more surely gained by Europe’s recommitment to its social-democratic economic model.

We now also know that the world cannot count on the US in addressing the existential threat posed by climate change. Europe and China did the right thing in deepening their commitment to a green future – right for the planet, and right for the economy. Just as investment in technology and education gave Germany a distinct advantage in advanced manufacturing over a US hamstrung by Republican ideology, so, too, Europe and Asia will achieve an almost insurmountable advantage over the US in the green technologies of the future.

But the rest of the world cannot let a rogue US destroy the planet. Nor can it let a rogue US take advantage of it with unenlightened – indeed anti-Enlightenment – “America first” policies. If Trump wants to withdraw the US from the Paris climate agreement, the rest of the world should impose a carbon-adjustment tax on US exports that do not comply with global standards.

The good news is that the majority of Americans are not with Trump. Most Americans still believe in Enlightenment values, accept the reality of global warming, and are willing to take action. But, as far as Trump is concerned, it should already be clear that reasoned debate will not work. It is time for action.

8 thoughts on “Trump’s Rogue America

  1. My estimates:

    1) 35% of Americans continue to approve Trump’s performance as President

    10% – oligarchs who know what is going on (e.g. Trump has a serious personality
    disorder, is incompetent as well as ignorant and compulsive) but
    whose greed for more and more tax breaks is insatiable
    15% – Christian Right evangelicals who are opportunistic
    10% – Neofascists and white supremacists who are very happy that Steve Bannon
    has influence within the Trump White House

    2) 35% (?) of Malaysians who continue to approve MO1

    10% – kleptocrats who know what is going on (e.g. lots of public $$$ are
    being “misappropriated” and the economy is heading toward ruin but
    whose greed for dedak and crony contracts are insatiable
    15% – Muslim extremists who are opportunistic
    10% – Neofascists and race supremacists who are happy to maintain a
    semi-apartheid system

  2. Donald Trump is a seven year old boy in a seventy year old horndog’s body.This horndog has no brains,in other words,”brain dead”,aka a vegetable.

    He takes sides with the gulf nations against Qatar.Being the “groper in chief “,of course he had no idea that the United States,have dozens of air crafts and over ten thousand soldiers in Qatar.A real moron,this horndog has shown the world who he really is.No wonder,the Brits and their neighbors called him a clown act and the laughing stock of the world.

    This coming Thursday,former FBI director Comey will testify before congress.This might be the beginning of the end of the Trump presidency.

  3. Donald Trump is the POTUS, but Donald Trump is not America. Just because we now have an a**hole president doesn’t mean US is a rogue country. Here’s an American leader in China right now signing all these climate deals. Of course it is obviously not Trump.

    One day after Trump announced withdrawal from Paris accord, Governor Jerry Brown of California flew to China. “The key to Paris was President Xi and President Obama meeting together,” Brown said in Chengdu. Now, “it’s up to President Xi to advance the ball. We want to stand behind him and make that possible.” California is the world’s sixth-biggest economy, it’s big enough, brassy enough, and interesting enough to actually be able to act like a country.

    In fact, a coalition of US economic, education, and local government leaders announced on Monday they will continue to abide by the Paris agreement regardless of America’s withdrawal, forming the We Are Still In movement. The coalition represents 120 million Americans and $6.2 trillion of the US economy. 211 mayors have adopted the Paris Agreement goals for their cities, 13 Governors have joined to create the bipartisan US Climate Alliance, and 17 governors have released statements standing by Paris, according to a press release from We Are Still In. I believe more and more states, cities, universities and businesses will soon join in defiance of Trump. And this is a bipartisan movement.

    I wonder how Breitbart, Infowars and Fox News are going to spin for their Orange man-child this time and how many mindless Trumpanzees they will manipulate around to provoke The Right vs The Left war. Saving planet earth is not a left-right issue. But Trumpanzees are mindless and they cannot understand this. To them, their Fuhrer is never wrong.

  4. Stiglitz and Krugman et al are right – Drumpfski only plays at being ‘populist’ since his twittering policies are absolutely disgraceful, discriminatory, regressive and hubristic. It doesn’t really matter if NYSE Composite, DJI, S&P 500 etc are hitting the roof, when inequality becomes normative and is state sponsored. Heck – just look at the number of Fat Cats in Drumpski’s cabinet! Curiouser and curiouser. As if they care one whit, what the blue collar rust belt evangelical bloke suffers. Apoplexy makes for undiscerning idiots, ya?

    The fact remains that the USofA is no longer the Shining hope of Equality and Rule of Law, Emancipation, nor is it an example of Enlightened Valhalla.

    These ‘Populist’ Tricksters are barely educated Barbarians who will do their best to gut and neuter what was just, sustainable, good and noble. America’s devolving into another civil war. And so here’s Led’s rendition of Immigration Song:

  5. On the contrary, Trump is good news to the rest of the world. It is a golden opportunity to wean the human race off reliance on the US and seeing everything American with a halo. It is not the end of the world without the US in the driver seat. Merkel took the first step for EU. China & Russia have always been outsiders. The rest of the world just have to get use to being independent and start talking more to their neighbours. We can now look forward to the days when the US can no longer bully everyone else. Already, the air has started to smell sweeter.

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