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:

Essay

The Dangers of Moving All of Democracy Online with Marion Fourcade

Governments around the world are struggling to deal with the public health and economic challenges of coronavirus. While many have pointed to how authoritarian regimes exacerbated the pandemic, we’ve so far paid dangerously little attention to coronavirus’s challenge to democracy. Access the full article here.
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Essay

The U.S. Is the Only Sanctions Superpower. It Must Use That Power Wisely. – with Abraham Newman

For years, many believed that a world of global economic networks and interdependence — countries intimately connected via supply chains and finances — made war obsolete. That is part of the reason Russia’s invasion of Ukraine was so shocking. But the international economy itself has turned into a battlefield. The conventional war in Ukraine has ...
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