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.

Access the full article here.

Other Writing:

Essay

The Wrong Way to Punish Iran with Abraham Newman

During the war on terror, the United States quietly turned the world financial system into a hidden empire. The American government used the power of the dollar and its influence over obscure organizations such as the Swift financial messaging service to monitor what its adversaries and terrorists were doing and, in some cases, to cut ...
Read Article
Essay

The Brewing Transatlantic Tech War

How Silicon Valley Got Entangled in Geopolitics—and Lost Technology companies such as Alphabet, Meta, and OpenAI need to wake up to an unpleasant reality. By getting close to U.S. President Donald Trump, they risk losing access to one of their biggest markets: Europe. More at Foreign Affairs
Read Article