This Is How Trump Will Smash the Machine of U.S. Economic Power

Economic security officials worked across administrations, gradually developing grand ambitions of a global order founded on financial sanctions, export controls and development of crucial technologies. Each new administration built up the economic weapons it inherited from the last and encouraged its successors to keep building the structures of American economic power. We are about to find out what happens when those structures are controlled by a disruptive administration — and what happens when that administration inherits the weapons without the accompanying sense of responsibility.

Read the full article in the New York Times.

Other Writing:

Essay

How to Save the Euro – and the EU: Reading Keynes in Brussels with John Quiggin

John Quiggin and I have a “piece”:http://www.foreignaffairs.com/articles/67761/henry-farrell-and-john-quiggin/how-to-save-the-euro-and-the-eu on the eurozone mess in the new issue of _Foreign Affairs._ The piece is subscriber-only, but we’re allowed to post it (in Web format) for six months or so on a personal or institutional website. Accordingly, the piece can be found below the fold. The piece was finished ...
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Essay

The New Economy’s Old Business Model is Dead

The titans of the new economy are different from their predecessors in one very important way: They aren’t job creators — at least not on a scale to match their dizzying growth in value. General Motors, at its peak in 1979, had some 618,000 employees in the United States and 853,000 worldwide. Facebook had just ...
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