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Posts Tagged ‘Trump’

Populist Plutocracy and the Future of America

Posted by hkarner - 12. Dezember 2017

Nouriel Roubini, a professor at NYU’s Stern School of Business and CEO of Roubini Macro Associates, was Senior Economist for International Affairs in the White House’s Council of Economic Advisers during the Clinton Administration. He has worked for the International Monetary Fund, the US Federal Reserve, and the World Bank.

In the first year of his presidency, Donald Trump has consistently sold out the blue-collar, socially conservative whites who brought him to power, while pursuing policies to enrich his fellow plutocrats. Sooner or later, Trump’s core supporters will wake up to this fact, so it is worth asking how far he might go to keep them on his side.

NEW YORK – Donald Trump won the US presidency with the backing of working-class and socially conservative white voters on a populist platform of economic nationalism. Trump rejected the Republican Party’s traditional pro-business, pro-trade agenda, and, like Bernie Sanders on the left, appealed to Americans who have been harmed by disruptive technologies and “globalist” policies promoting free trade and migration. Den Rest des Beitrags lesen »


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Trump’s Willing Accomplices

Posted by hkarner - 6. Dezember 2017

Ian Buruma, Editor of The New York Review of Books, is the author of numerous books, including Murder in Amsterdam: The Death of Theo Van Gogh and the Limits of Tolerance and Year Zero: A History of 1945.

Many leading Republican politicians who stand by Donald Trump, and even the multi-billionaires who fund their campaigns, may have private misgivings about the US president, just as the industrialists of Germany’s Herrenklub probably once despised Hitler. But with only a few exceptions, they continue to support him – and for similar reasons.

NEW YORK – On February 20, 1933, a secret meeting took place in Hermann Göring’s palatial residence in Berlin. More than 20 of Germany’s top industrialists, including Gustav Krupp, Friedrich Flick, and Fritz von Opel, listened to a speech by Hitler, who promised them that their assets would be safe under his rule. So they agreed to support the Nazi Party with over two million Reichsmark, an enormous sum that was almost enough to pay for the upcoming election campaign.

Few of these men, if any, were convinced Nazis. They were members of the German Herrenklub (Gentlemen’s Club), which was very conservative but not National Socialist. But, acting from narrow self-interest, they became Hitler’s enablers. Den Rest des Beitrags lesen »

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Renovating the Fed

Posted by hkarner - 3. Dezember 2017

– Stan Druckenmiller (hat tip Steve Blumenthal)

The Federal Reserve will soon have a new chair, assuming the Senate confirms Jerome Powell as Janet Yellen’s successor. Yellen’s departure will reduce the nominally seven-member Board of Governors to only three. That may or may not be a good thing, depending on some other events.

In fact, in talking with some of my Fed-watching friends, it appears the world’s most important central bank is about to experience some potentially profound changes – not just in personnel but more importantly in the kind of people who lead it. Those changes could, in turn, have some serious economic impacts; so it’s worth taking a deeper look.

Nonmusical Chairs Den Rest des Beitrags lesen »

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Donald Trump Thought

Posted by hkarner - 29. November 2017

Chris Patten, the last British governor of Hong Kong and a former EU commissioner for external affairs, is Chancellor of the University of Oxford.

Xi Jinping Thought has now been enshrined in the charter of the Communist Party of China, making Xi more powerful than any leader since Mao. If Donald Trump’s own eponymous ideology were entrenched similarly in the US Constitution, what would it require of future American leaders?

LONDON – After US President Donald Trump’s recent visit to China, it can only be a matter of time before right-wing media outlets like Breitbart News and Fox News suggest that he should take a page from President Xi Jinping’s playbook, despite the overwhelmingly Leninist nature of its contents.

At last month’s 19th National Congress of the Communist Party of China, Xi was effectively anointed his country’s supreme leader. By enshrining so-called Xi Jinping Thought in the CPC charter, Party members established Xi alongside the People’s Republic’s two historical giants, Mao Zedong and Deng Xiaoping – the only other Chinese leaders with officially recognized eponymous ideologies. Den Rest des Beitrags lesen »

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Trump Passes Baton of Global Leadership to China’s Xi

Posted by hkarner - 21. November 2017

Date: 20-11-2017
Source: YaleGlobal by Nayan Chanda

Donald Trump’s dogged pursuit of “America First” policies are essentially ceding global influence and control to Xi Jinping of China. Nayan Chanda, the founding editor of YaleGlobal Online, analyzes the symbolism behind Trump’s speech delivered in Da Nang on November 10, the eve of Veterans Day in the United States. In 1965 US Marines landed on the beach of Da Nang, launching a doomed intervention in Vietnam. US leaders escalated the war, viewing their efforts as resisting the spread of communism and domination by China. But they misread history, failing to understand Vietnam’s long and wary relationship with China. China and Vietnam eventually came to embrace capitalism and the value of trade – though Vietnam still worries about Chinese dominance and in recent years has strengthened US ties as a security buffer. China’s Xi distracted Trump with pomp and parades and, later in his speech at the Asia-Pacific Economic Cooperation summit in Da Nang, emphasized globalization, cooperation and international initiatives – thus presenting himself as the capable world leader on multilateral trade, climate change and other complex issues that do not interest Trump. Unfortunately for the world, both men fail to emphasize issues of human rights. – YaleGlobal

China’s Xi presents himself as a capable world leader who masters the world’s complex challenges that fail to interest Trump Den Rest des Beitrags lesen »

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Capitalizing on Climate Unity

Posted by hkarner - 20. November 2017

Hilda Heine

Hilda Heine is President of the Republic of the Marshall Islands.

Kevin Rudd

Kevin Rudd, former Prime Minister of Australia, is President of the Asia Society Policy Institute in New York and Chair of the Independent Commission on Multilateralism. He is the author of “UN 2030 – Rebuilding Order in a Troubled World.”

President Donald Trump’s decision to withdraw the United States – the world’s largest historical carbon dioxide emitter – from the Paris agreement dealt the accord a major blow. But it is hard not to take heart from the resolve Trump’s decision has unleashed, both globally and within the US itself.
BONN – When Donald Trump was elected US president a year ago, some said the end of the Paris climate agreement was nigh. Yet, as the latest round of global climate talks in Bonn, Germany, has shown, the world’s political leaders are more committed to the deal than ever. This is good news, but the fact remains that countries’ commitments do not yet add up to enough to turn the tide – and our window of opportunity to act effectively on climate change is rapidly closing.

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How to Combat Populist Demagogues

Posted by hkarner - 14. November 2017

We will never know whether greater honesty on the part of mainstream politicians and technocrats would have spared us the rise of nativist demagogues like Donald Trump in the US or Marine Le Pen in France. What is clear is that lack of candor in the past has come at a steep price.

CAMBRIDGE – At a recent conference I attended, I was seated next to a prominent American trade policy expert. We began to talk about the North American Free Trade Agreement (NAFTA), which President Donald Trump has blamed for American workers’ woes and is trying to renegotiate. “I never thought NAFTA was a big deal,” the economist said.

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Facing the Four Structural Threats to US Democracy

Posted by hkarner - 11. November 2017

Laura Tyson, a former chair of the US President’s Council of Economic Advisers, is a professor at the Haas School of Business at the University of California, Berkeley, a senior adviser at the Rock Creek Group, and a member of the World Economic Forum Global Agenda Council on Gender Parity.

Lenny Mendonca

Lenny Mendonca, Senior Fellow at the Presidio Institute, is Senior Partner Emeritus at McKinsey & Company.

During a time of deep political dysfunction in the United States, it is easy to assume that American democracy has gone off the rails, perhaps for good. But if Americans can look past the slow-motion travesty unfolding in Washington, DC, they will find that it is still within their power to effect meaningful change.

BERKELEY – It has been one year since Donald Trump was elected president of the United States, and America’s democratic institutions are clearly under strain. A mere 20% of Americans now trust the federal government to “do the right thing,” while trust in Congress has fallen below 9%.

Among congressional Republicans, in particular, a “take-no-prisoners” extremism is undermining the federal government’s capacity for action, which is precisely what many on the far right want. According to some pessimists, the US Constitution was not designed to address the challenges of a country so sharply divided by income, race, and partisanship. Den Rest des Beitrags lesen »

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US-Ökonom Jeffrey Sachs: „Trump ist eine große Gefahr für die Welt“

Posted by hkarner - 9. November 2017

Interview Nora Laufer, 9. November 2017, 07:15 derstandard.at

Die Klimapolitik der USA und fehlende Mittel lassen die Pariser Klimaziele in die Ferne rücken, meint der Experte

Reiche Länder handeln in puncto Klimaschutz zu wenig, meint Ökonom Jeffrey Sachs. Der ehemalige Harvard-Professor kritisiert, dass jene Länder, die für den Klimawandel verantwortlich sind, die Schäden in ärmeren Ländern nicht kompensieren.

Laut dem Wissenschafter ist US-Präsident Donald Trump eine große Bedrohung für die Umwelt, Atomenergie hält er für eine saubere Lösung.

STANDARD: Bisher wurden sowohl Entwicklungs- wie auch Klimaziele verfehlt. Wie kann sich das ändern?

Sachs: Die ganze Idee der Millennium Development Goals und der Sustainable Development Goals (Entwicklungsziele der UN, Anm.) ist, dass es eine wirkliche Partnerschaft gibt, um große Probleme zu lösen, – jene der Umwelt genauso wie jene der Armut. Es gab bereits einige Handlungen in die richtige Richtung, aber das Engagement der reichen Länder ist sehr niedrig. Sobald es Probleme gibt, werden Grenzen geschlossen und Mauern aufgebaut. Den Rest des Beitrags lesen »

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Europe in the Time of Trump

Posted by hkarner - 9. November 2017

Guy Verhofstadt, a former Belgian prime minister, is President of the Alliance of Liberals and Democrats for Europe Group (ALDE) in the European Parliament and the author of Europe’s Last Chance: Why the European States Must Form a More Perfect Union.

Almost daily, new evidence emerges that Trump remains committed to his “America First” approach, which renounces the traditional US role as the world’s main defender of liberal democracy. The only way to protect the liberal world order is for other powers – beginning with the EU – to step into the breach.

BRUSSELS – The transatlantic alliance – which for decades has underpinned global stability, fortified democracy, and safeguarded the West as we know it – is under severe strain, and risks terminal decline. US President Donald Trump – who has repeatedly challenged America’s traditional alliances, including by attacking NATO – undoubtedly bears much responsibility for this deterioration. But Europe, through its inaction, has also contributed to this state of affairs – and now it must contribute to fixing it.

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