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

Weaponized Interdependence – with Abraham Newman

In May 2018, the US Administration announced that it was pulling out of the Joint Comprehensive Plan of Action agreement on Iran’s nuclear program, reimposing sanctions. Most notably, many penalties do not apply to US firms, but to foreign firms that may have no presence in the US; the sanctions are consequential in large part because ofUS importance to the global financial network.This unilateral action by the US ...
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Essay

Senseless Spying: The National Security Agency’s Self-Defeating Espionage Against the EU – with Abraham Newman

Political leaders in Europe have not been shy in expressing their anger about recent revelations about the United States spying on the EU. Germany’s justice minister has said that the United States’ expansive spying programs — the United States is alleged to have spied not only on the electronic communications of European citizens, but on ...
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