Globalized Green Lanternism

American political commentators have frequently called for the U.S. president to take effective action to improve world economic growth. Such calls are a form of what Matthew Yglesias has dubbed “Green Lanternism”—the unspoken theory that the U.S. president’s ability to affect outcomes is primarily affected by his willpower. In this article, I examine the opposite—and more plausible causal relationship—that the power of the U.S. president is shaped by the underlying secular determinant of world economic growth. I go on to examine how we might expect U.S. power and interests in building up a multilateral trading order could largely wither away under conditions of enduring weak economic growth, which some economists have argued is in fact the most plausible long-run growth path for the world economy.

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Other Writing:

Academic Article

Linkage Politics and Complex Governance in Transatlantic Surveillance – with Abraham Newman

Henry Farrell and Abraham Newman (2018), “Linkage Politics and Complex Governance in Transatlantic Surveillance,” World Politics 40, 4:515-554. Globalization blurs the traditional distinction between high and low politics, creating connections between previously discrete issue areas. An important existing literature focuses on how states may intentionally tie policy areas together to enhance cooperation. Building on recent ...
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Essay

Binance and the End of Crypto’s Dream to Escape From Government – with Abraham Newman

On Nov. 21, Binance, the world’s largest cryptocurrency exchange, pleaded guilty to breaking U.S. anti-money-laundering laws. Its CEO has stepped down, and the company will pay $4.3 billion in penalties. While the eye-watering fine is getting the headlines, it’s the details of the agreement that really redefine the relationship between government and crypto. U.S. authorities ...
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