We Will be living in Trumpland for decades
The Straits Times|November 04, 2024
The protectionism that Trump brought back into fashion now has a momentum of its own.
Janan Ganesh
We Will be living in Trumpland for decades

The paragraph that follows is the most reluctantly written of my career.

Donald Trump qualifies as a titanic success in politics. And not because he got himself elected to the world's highest office. Someone does that every leap year. It is because he achieved the hardest thing in government, which is to bind one's successors.

He moved the consensus on a big issue - trade - until the next president couldn't go back, or didn't want to. Hence the tariffs and subsidies of Bidenomics. Hence the spread of protectionism elsewhere in the world. Most leaders who change the "common sense of the age" need consecutive terms (Reagan) or a crisis (Thatcher) or both (FDR). Trump needed neither to turn an apostasy into an orthodoxy.

Whatever happens this week, we will be living in Trumpland for decades. Yes, I'll manage, thanks. Besides some marginal trimming of restaurant wine lists, it is odd how little an era of global economic fragmentation incommodes a man. But "we" also encompasses the unknown millions who won't now be elevated out of low income through trade, as so many Chinese were in the decades either side of the millennium.

Bu hikaye The Straits Times dergisinin November 04, 2024 sayısından alınmıştır.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

Bu hikaye The Straits Times dergisinin November 04, 2024 sayısından alınmıştır.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

THE STRAITS TIMES DERGISINDEN DAHA FAZLA HIKAYETümünü görüntüle
British novelist David Lodge was twice shortlisted for Booker Prize
The Straits Times

British novelist David Lodge was twice shortlisted for Booker Prize

British novelist David Lodge, who was shortlisted for the Booker Prize twice, has died at the age of 89, his publisher said on Jan 3.

time-read
2 dak  |
January 06, 2025
A CITY FOR BABIES
The Straits Times

A CITY FOR BABIES

After a successful experiment, The City of Babies Lab has opened a new permanent space dedicated to children aged from birth to 23 months.

time-read
1 min  |
January 06, 2025
Scientist Names 16 New Spider Species After Jay Chou's Songs
The Straits Times

Scientist Names 16 New Spider Species After Jay Chou's Songs

A Chinese scientist has named 16 new spider species after songs by popular Mandopop musician Jay Chou.

time-read
1 min  |
January 06, 2025
Actress JJ Jia Xiaochen upset with hubby for not remembering wedding anniversary
The Straits Times

Actress JJ Jia Xiaochen upset with hubby for not remembering wedding anniversary

Chinese actress JJ Jia Xiaochen has grumbled about her husband, Hong Kong action star Louis Fan, on social media again.

time-read
1 min  |
January 06, 2025
Actress Chen Liping leaves Mediacorp after 40 years
The Straits Times

Actress Chen Liping leaves Mediacorp after 40 years

Actress Chen Liping, a household name in the local entertainment industry, has left broadcaster Mediacorp after 40 years.

time-read
2 dak  |
January 06, 2025
Raising four cats costly, but gives Rui En four times the joy
The Straits Times

Raising four cats costly, but gives Rui En four times the joy

In this new series, The Straits Times speaks to pet-owning personalities about the trials and delights of raising their fur kids

time-read
3 dak  |
January 06, 2025
Vet Talk Check that your pet is eating safely during the festive season
The Straits Times

Vet Talk Check that your pet is eating safely during the festive season

Pet ownership is on the rise in Singapore, with many families treating their furry companions as one of their own.

time-read
2 dak  |
January 06, 2025
Learning to embrace change positively
The Straits Times

Learning to embrace change positively

On the last evening of our recent family holiday, my three children were having a boisterous conversation in the bedroom of the apartment we were staying in.

time-read
3 dak  |
January 06, 2025
STRONGER, TOGETHER
The Straits Times

STRONGER, TOGETHER

Good parent-teacher relationships can boost a child's confidence and holistic development

time-read
4 dak  |
January 06, 2025
Roaring Off To A-League Adventure
The Straits Times

Roaring Off To A-League Adventure

Tan makes Brisbane debut as sub in loss to Canberra on her return from knee surgery

time-read
3 dak  |
January 06, 2025