Is the Business World All About Greed?

Laurence Fink, the chief executive of the investment firm BlackRock and one of the biggest investors in the world, shook the business world last week with an implicit threat to punish small-minded companies that “only deliver financial performance” without “a positive contribution to society.”

What’s driving the rethink isn’t a tingling of the tycoon conscience but brutal self-interest. Millennials want to work for ethical companies, patronize brands that make them feel good and invest in socially responsible companies.

Some of this is shallow and some is deep, but it’s authentic: Doing good is no longer a matter of writing a few checks at the end of the year, as it was for my generation; for many young people, it’s an ethos that governs where they work, shop and invest.

C.E.O.s tell me that this forces their hand. If companies protect groping scumbags, that hurts recruitment and they lose in the war for talent. Increasingly, a company that ignores social value loses shareholder value.

.. I believe the best industries for doing good are law (pro bono work) and certain pharmaceuticals (drug donation programs). That’s because they are held accountable by metrics: Big law firms are ranked by American Lawyer for their pro bono work (Jenner & Block is top of the list), and pharma donations are rated by the Access to Medicines Index (GSK is No. 1).

.. Other companies hailed as model global citizens include Unilever, Starbucks, Whole Foods, Mastercard, Danone and Chobani.

The Increasing Unfitness of Donald Trump

The West Wing has come to resemble the dankest realms of Twitter, in which everyone is racked with paranoia and everyone despises everyone else.

What made the Emperor Nero tick, Suetonius writes in “Lives of the Caesars,” was “a longing for immortality and undying fame, though it was ill-regulated.”

.. Many Romans were convinced that Nero was mentally unbalanced and that he had burned much of the imperial capital to the ground just to make room for the construction of the Domus Aurea, a gold-leaf-and-marble palace that stretched from the Palatine to the Esquiline Hill.

.. Chaotic, corrupt, incurious, infantile, grandiose, and obsessed with gaudy real estate, Donald Trump is of a Neronic temperament.

He has always craved attention.

.. Future scholars will sift through Trump’s digital proclamations the way we now read the chroniclers of Nero’s Rome—to understand how an unhinged emperor can make a mockery of republican institutions

.. He was post-Freudian. (“It makes me feel so good to hit ‘sleazebags’ back—much better than seeing a psychiatrist (which I never have!).”)

.. In due course, Trump perfected his unique voice: the cockeyed neologisms and the fractured syntax, the emphatic punctuation, the Don Rickles-era exclamations (“Sad!” “Doesn’t have a clue!” “Dummy!”).

.. Then he started dabbling in conspiracy fantasies: China’s climate “hoax,” President Obama’s Kenyan birth, “deep-state” enemies trying to do him in.

.. “Stop Being Trump’s Twitter Fool,” Jack Shafer, of Politico, advised, just after the election. Trump’s volleys were merely a shrewd diversion from serious matters.

.. “you’d expect that people would have figured out when Donald Trump is yanking their chain and pay him the same mind they do phone calls tagged ‘Out of Area’ by caller ID.”

.. Sean Spicer, the President’s first press secretary, insisted otherwise. Trump, he pointed out, “is the President of the United States,” and so his tweets are “considered official statements by the President of the United States.”

.. Trump’s tweets are most valuable as a record of his inner life: his obsessions, his rages, his guilty conscience.

.. he set a White House record with a sixteen-tweet day.

.. took credit for a year without an American air crash,

.. he continued to offer respect bordering on servility to the likes of Vladimir Putin.

.. One of his signature phrases—“fake news”—has been adopted by autocrats from Bashar al-Assad, of Syria, to Nicolás Maduro, of Venezuela. To the astonishment of our traditional allies, Trump humiliates and weakens a country he pretends to lead.

.. He surrounds himself with aides who are either wildly incompetent or utterly defeated in their attempts to domesticate the mulish and bizarre object of their attention.

.. There is no loyalty or deliberation in the White House, only a savage “Lord of the Flies” sort of chaos. Each day is at once preposterous, poisonous, and dangerous.

.. And so the West Wing in the era of Trump has come to resemble the dankest realms of Twitter itself: a set of small rooms and cramped hallways in which everyone is racked with paranoia and everyone despises everyone else.

.. Trump has reacted to Wolff’s book in the manner of a wounded despot

.. Nero had hoped to last long enough on the throne to re-brand the month of April “Neroneus” and the city of Rome “Neropolis.” He did not succeed.

.. The President sees one West Wing satrap and Cabinet official after another finding a distance from him. “Where is my Roy Cohn?” he asked his aides angrily

.. He is unfit to hold any public office, much less the highest in the land.

.. The President of the United States has become a leading security threat to the United States

Making China Great Again

As Donald Trump surrenders America’s global commitments, Xi Jinping is learning to pick up the pieces.

The hero, Leng Feng, played by the action star Wu Jing (who also directed the film), is a veteran of the “wolf warriors,” special forces of the People’s Liberation Army. In retirement, he works as a guard in a fictional African country, on the frontier of China’s ventures abroad. A rebel army, backed by Western mercenaries, attempts to seize power, and the country is engulfed in civil war. Leng shepherds civilians to the gates of the Chinese Embassy, where the Ambassador wades into the battle and declares, “Stand down! We are Chinese! China and Africa are friends.” The rebels hold their fire, and survivors are spirited to safety aboard a Chinese battleship.

.. For decades, Chinese nationalism revolved around victimhood: the bitter legacy of invasion and imperialism, and the memory of a China so weak that, at the end of the nineteenth century, the philosopher Liang Qichao called his country “the sick man of Asia.” “Wolf Warrior II” captures a new, muscular iteration of China’s self-narrative, much as Rambo’s heroics expressed the swagger of the Reagan era.

.. “In the past, all of our movies were about, say, the Opium Wars—how other countries waged war against China,” he said. “But Chinese people have always wanted to see that our country could, one day, have the power to protect its own people and contribute to peace in the world.”

.. For years, China’s leaders predicted that a time would come—perhaps midway through this century—when it could project its own values abroad. In the age of “America First,” that time has come far sooner than expected.

.. Trump often portrays America’s urgent task as one of survival. As he put it during the campaign, “At what point do you say, ‘Hey, we have to take care of ourselves’? So, you know, I know the outer world exists and I’ll be very cognizant of that, but, at the same time, our country is disintegrating.”
.. China’s approach is more ambitious. In recent years, it has taken steps to accrue national power on a scale that no country has attempted since the Cold War, by increasing its investments in the types of assets that established American authority in the previous century: foreign aid, overseas security, foreign influence, and the most advanced new technologies, such as artificial intelligence.
.. It has become one of the leading contributors to the U.N.’s budget and to its peacekeeping force, and it has joined talks to address global problems such as terrorism, piracy, and nuclear proliferation.
.. This was an ironic performance—for decades, China has relied on protectionism—but Trump provided an irresistible opening. China is negotiating with at least sixteen countries to form the Regional Comprehensive Economic Partnership, a free-trade zone that excludes the United States, which it proposed in 2012 as a response to the T.P.P. If the deal is signed next year, as projected, it will create the world’s largest trade bloc, by population.
.. By setting more of the world’s rules, China hopes to “break the Western moral advantage,” which identifies “good and bad” political systems
.. Meng Hongwei, a Chinese vice-minister of public security, became the first Chinese president of Interpol, the international police organization; the move alarmed human-rights groups, because Interpol has been criticized for helping authoritarian governments target and harass dissidents and pro-democracy activists abroad.

.. Moreover, China’s economic path is complicated by heavy debts, bloated state-owned enterprises, rising inequality, and slowing growth. The workers who once powered China’s boom are graying.

.. In 2000, the U.S. accounted for thirty-one per cent of the global economy, and China accounted for four per cent. Today, the U.S.’s share is twenty-four per cent and China’s fifteen per cent.

.. in the past we were used to going to the White House to get our work done,” Shivshankar Menon, India’s former foreign secretary and national-security adviser to the Prime Minister, told me. “Now we go to the corporations, to Congress, to the Pentagon, wherever.”

.. everybody else in the world will look around and say, I want to be friends with both the U.S. and the Chinese—and the Chinese are ready, and I’ll start with them.”

.. He presented China as “a new option for other countries,” calling this alternative to Western democracy the zhongguo fang’an, the “Chinese solution.”

.. The state press ran a profile of Xi that was effusive even by the standards of the form, depicting him as an “unrivalled helmsman,” whose “extensive knowledge of literature and the arts makes him a consummate communicator in the international arena.”

.. Xi has inscribed on his country a rigid vision of modernity. A campaign to clean up “low-end population” has evicted migrant workers from Beijing, and a campaign against dissent has evicted the most outspoken intellectuals from online debate.

.. Foreign universities with programs in China, such as Duke, have been advised that they must elevate a Communist Party secretary to a decision-making role on their local boards of trustees.

.. The Party is encouraging dark imaginings about the outside world: posters warn the public to “protect national secrets” and to watch out for “spies.”

.. Last June, Yao Chen, one of China’s most popular actresses, received a barrage of criticism online after she tried to raise awareness of the global refugee crisis. (She was forced to clarify that she was not calling for China to accept refugees.)

.. In Rao’s view, Trump’s “America First” slogan is an honest declaration, a realist vision stripped of false altruism and piety.

.. “In this world, power speaks,” he said, making a fist, a gesture that Trump adopted in his Inauguration speech and Xi displayed in a photo taken at the start of his new term.

.. “I think Trump is America’s Gorbachev.” In China, Mikhail Gorbachev is known as the leader who led an empire to collapse. “The United States will suffer,” he warned.

.. In 1991, when Bush, Sr., launched the war against Iraq, it got thirty-four countries to join the war effort. This time, if Trump launched a war against anyone, I doubt he would get support from even five countries.

.. For Chinese leaders, Yan said, “Trump is the biggest strategic opportunity.” I asked Yan how long he thought the opportunity would last. “As long as Trump stays in power,” he replied.

.. When Trump won, the Party “was in a kind of shock,”

.. “They feared that he was their mortal enemy.” The leadership drafted potential strategies for retaliation, including threatening American companies in China and withholding investment from the districts of influential members of Congress.

.. Before he entered the White House, China started assembling a playbook for dealing with him.

.. “China knows Trump can be unpredictable, so we have weapons to make him predictable, to contain him. He would trade Taiwan for jobs.”

.. there were two competing strategies on China. One, promoted by Stephen Bannon, then the chief strategist, wanted the President to take a hard line, even at the risk of a trade war. Bannon often described China as a “civilizational challenge.” The other view was associated with Jared Kushner, Trump’s son-in-law and adviser, who had received guidance from Henry Kissinger and met repeatedly with the Chinese Ambassador, Cui Tiankai. Kushner argued for a close, collegial bond between Xi and Trump, and he prevailed.

.. While Xi was at the resort, the Chinese government approved three trademark applications from Ivanka’s company, clearing the way for her to sell jewelry, handbags, and spa services in China.

.. During the transition, Kushner dined with Chinese business executives while the Kushner Companies was seeking their investment in a Manhattan property.

.. In May, Kushner’s sister, Nicole Kushner Meyer, was found to have mentioned his White House position while she courted investors during a trip to China.

.. During the Mar-a-Lago meetings, Chinese officials noticed that, on some of China’s most sensitive issues, Trump did not know enough to push back.

.. “Trump is taking what Xi Jinping says at face value—on Tibet, Taiwan, North Korea,”

.. “The Chinese felt like they had Trump’s number,” he said. “Yes, there is this random, unpredictable Ouija-board quality to him that worries them, and they have to brace for some problems, but, fundamentally, what they said was ‘He’s a paper tiger.’ Because he hasn’t delivered on any of his threats. There’s no wall on Mexico. There’s no repeal of health care. He can’t get the Congress to back him up. He’s under investigation.”

.. a Beijing think tank, published an analysis of the Trump Administration, describing it as a den of warring “cliques,” the most influential of which was the “Trump family clan.”

.. The Trump clan appears to “directly influence final decisions” on business and diplomacy in a way that “has rarely been seen in the political history of the United States,” the analyst wrote. He summed it up using an obscure phrase from feudal China: jiatianxia—“to treat the state as your possession.”

Why I Can No Longer Call Myself an Evangelical Republican

evangelicalism, a transdenominational effort to faithfully represent Christ in word and deed, shaped my life and outlook, helping me to interpret the world.

.. Some of the most impressive moral movements in American politics — the efforts to abolish slavery and to end segregation and the struggle to protect unborn life — have been informed by Christianity

.. Yet the support being given by many Republicans and white evangelicals to President Trump and now to Mr. Moore have caused me to rethink my identification with both groups.

.. I consider Mr. Trump’s Republican Party to be a threat to conservatism, and I have concluded that the term evangelical — despite its rich history of proclaiming the “good news” of Christ to a broken world — has been so distorted that it is now undermining the Christian witness.

.. “Evangelical is no longer a word we can use.” The reason, he explained, is that it’s become not a religious identification so much as a political one.

.. the term evangelical “is now a tribal rather than a creedal description.”

.. the events of the past few years — and the past few weeks — have shown us that the Republican Party and the evangelical movement (or large parts of them, at least), have become what I once would have thought of as liberal caricatures.

.. Assume you were a person of the left and an atheist, and you decided to create a couple of people in a laboratory to discredit the Republican Party and white evangelical Christianity. You could hardly choose two more perfect men than Donald Trump and Roy Moore.

  • Both have been credibly accused of being sexual predators, sometimes admitting to bizarre behavior in their own words.
  • Both have spun wild conspiracy theories, including the lie that Barack Obama was not born in America.
  • Both have slandered the United States and lavished praise on Vladimir Putin, with Mr. Moore declaring that America today could be considered “the focus of evil in the modern world” and stating, in response to Mr. Putin’s anti-gay measures in Russia: “Well, maybe Putin is right. Maybe he’s more akin to me than I know.”
  • Both have been involved with shady business dealings.
  • Both have intentionally divided America along racial and religious lines.
  • Both relish appealing to people’s worst instincts.
  • Both create bitterness and acrimony in a nation desperately in need of grace and a healing touch.

.. Rather than Republicans and people of faith checking his most unappealing sides, the president is dragging down virtually everyone within his orbit.

.. Prominent evangelical leaders, rather than challenging the president to become a man of integrity, have become courtiers.