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

New Problems, New Publics? Dewey and New Media

This is a response to the article by Ethan Zuckerman “New Media, New Civics?” published in this issue of Policy & Internet (2014: vol. 6, issue 2). Dissatisfaction with existing governments, a broad shift to “post-representative democracy” and the rise of participatory media are leading toward the visibility of different forms of civic participation. Zuckerman’s ...
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Essay

A More Imperfect Union: On the European Central Bank

How a central bank created to exist apart from politics got drawn into bitter political arguments. In September, the European Central Bank announced that it had taken decisions on a “number of technical features regarding the Eurosystem’s outright transactions in secondary sovereign bond markets.” The ECB did all it could to make these decisions sound ...
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