Angela Merkel warned against growing government intervention in international trade: “If we are of the opinion that things are simply not fair, then we have to seek multilateral answers and not pursue a unilateral protectionist course where we isolate ourselves.” She was largely defending the Washington Consensus , a catchall term that suggests politics and economics ought to inhabit separate spheres. This is the orthodoxy upon which the current international order is based.
But that consensus is coming apart because, more than ever, state-led capitalism works — and it is here to stay. China’s consolidation of its state-owned enterprises (SOEs), Russia’s oligarch-led economy, the proliferation of sovereign wealth funds (SWFs) and growing government intervention in the West are clear indicators of state-led capitalism’s success.
.. Moscow is able to use these corporations for political ends: threatening gas supplies to keep European governments compliant, for instance, or directing energy revenue to finance military development.
.. The Sovereign Wealth Fund Institute reports that there are dozens of SWFs, including 24 created in the past decade, which collectively control more than $7 trillion in assets.
.. SWFs are an important feature of today’s global economic landscape; governments also use them as agents of statecraft. SWFs in the Persian Gulf region, for instance, are investing in Russia because of concerns about America’s regional staying power, and they are deepening ties with Muslim countries in Southeast Asia to ensure export markets and potentially to facilitate counter-radicalization initiatives.
.. And in the United States, President Trump has bragged that he personally influences firms’ decisions about where to place their factories... This is a dramatic reversal of the trend from two decades ago... But a number of factors led to skepticism about free markets. One was the underwhelming developmental effect of SAPs and liberalization.
A further blow to the neoliberal model was a series of financial disasters caused by unrestricted flows of capital, notably the 1997 Asian financial crisis and the 2008 global financial crisis.Perhaps the factor that has most undermined neoliberalism’s attractiveness, though, is the persistent power of countries with state-led economies, such as China and Russia... We are not seeing a “universalization of Western liberal democracy” and free-market capitalism, as Francis Fukuyama predicted
s Trump has already authored his own tell-all
Trump is damaged most, not by sabotage, but by self-revelation.
.. The president has recently taunted FBI Deputy Director Andrew McCabe for “racing the clock to retire with full benefits,”
- attacked the “Deep State Justice Department,” taken credit for the lack of commercial airline crashes,
- urged“Jail!” for former Hillary Clinton aide Huma Abedin, called for the sacking of two journalists,
- claimed the news media will eventually “let me win” reelection to keep up their ratings,
- displayed a sputtering inability to describe his own health-care reform plan,
- claimed that a cold snap disproves global warming,
- boasted of having “a much bigger & more powerful” nuclear button than Kim Jong Un,
- tried to prevent the publication of Wolff’s book,
- and insisted he is “like, really smart” and “a very stable genius.”
.. More likely, Trump is exhibiting a set of compulsions and delusions that have characterized his entire adult life. You can’t have declining judgment that never existed. You can’t lose a grasp on reality you never possessed. What is most striking is not Trump’s disintegration but his utter consistency.
.. If the secret tape of a president threatening a private citizen with jail were leaked, it would be a scandal. With Trump, it is just part of his shtick.
.. The president’s defenders, in perpetual pursuit of the bright side, argue for the value of unpredictability in political leadership — which is true enough. But Trump is not unpredictable. He is predictable in ways that make him vulnerable to exploitation.
He is easy to flatter, easy to provoke and thus easy to manipulate.
.. The Chinese have made an art of this
.. “I like very much President Xi,” Trump has said. “He treated me better than anybody’s ever been treated in the history of China.” Contrast this with Germany’s Chancellor Angela Merkel, who has treated Trump like an adult with arguments and criticism. Big mistake.
.. Trump has revealed a thick streak of authoritarianism. “I have [an] absolute right to do what I want to do with the Justice Department,” he insists.
- .. “Libel laws are very weak in this country,”
- Rivals are not only to be defeated; they should be imprisoned.
- Critics are not to be refuted; they should be fired.
- Investigations are not to be answered; they should be shut down.
.. we are depending on the strength of those institutions, not the self-restraint of the president, to safeguard democracy.
.. At the beginning, they could engage in wishful thinking about Trump’s fitness. Now they must know he is not emotionally equipped to be president. Yet, they also know this can’t be admitted, lest they be accused of letting down their partisan team.
.. GOP leaders are engaged in an intentional deception, pretending the president is a normal and capable leader.
.. they will, eventually, be exposed. And by then, the country may not be in a forgiving mood.
George W. Bush comes out of retirement to deliver a veiled rebuke of Trump
Bush offered a blunt assessment of a political system corrupted by “conspiracy theories and outright fabrication” in which nationalism has been “distorted into nativism.”
.. “Bullying and prejudice in our public life sets a national tone and provides permission for cruelty and bigotry. The only way to pass along civic values is to first live up to them.”
.. Just hours after Bush completed his speech, Obama also made a veiled critique of the Trump era, calling on Democrats at a New Jersey campaign event to “send a message to the world that we are rejecting a politics of division, we are rejecting a politics of fear.”
.. That Trump’s two most recent predecessors felt liberated, or perhaps compelled, to reenter the political arena in a manner that offered an implicit criticism of him is virtually unprecedented in modern politics, historians said.
.. George W. Bush was taking aim at Trump’s “roiling of the traditional institutions of the country and, in particular, demeaning the office of the president by a kind of crude or vulgar bashing of opponents,”
.. “I think this is Bush throwing down the gauntlet and feeling that this is a man who has gone too far,” Dallek said. The discretion former presidents traditionally afforded their successors “is now sort of fading to the past because of the belligerence of Trump.”
.. McCain’s critique prompted Trump to warn him to “be careful” because he is prepared to “fight back.”
.. The common thread among Bush’s and McCain’s words was a defense of the post-World War II liberal order
- which supported strong security alliances,
- a defense of human rights and an
- open economic system of free trade
.. “The hallmark of McCain’s and Bush’s speeches was to try to re-center us on what have been, since 1945, these traditional ends,”
.. He cautioned at the time, however, that he would speak out if he saw “core values” at risk.
.. the unifying themes between Obama and Bush are “humanity and empathy towards the American public.”
.. Bush opened his remarks by speaking in both English and Spanish and noting that refugees from Afghanistan, China, North Korea and Venezuela were seated in the audience.
.. Bush also warned that “bigotry seems emboldened” in a passage that evoked the aftermath of the white supremacist rally in Charlottesville
.. “Bigotry or white supremacy in any form is blasphemy against the American creed,” Bush said in a line that drew the most applause.
.. “Politics are now about discrediting people by ad hominem attacks, not by argumentation,” Cohen said. Those who opposed Bush’s wars have a fair point of view, he said, but their constant “demonization does help make it easier for Trump.”
The Other Brother: Bob Weinstein Was an Abusive Boss
According to multiple former employees and business associates, he was a volatile and bullying executive
“In his element, he’s a really funny guy and people just want to be liked by him,” said Michael Neithardt, a former assistant of Mr. Weinstein’s. “But he was really socially awkward. The way he dealt with it was by just being a bully.”
.. People who have known both Weinsteins say they had a complicated relationship dating back to childhood that often involved Harvey belittling Bob, who frequently sought his older brother’s approval. As Bob’s Dimension unit became successful, he “became more confident and he’d stand up to Harvey more,” said a former Miramax executive.
After “Scary Movie 5” performed poorly in 2013, Harvey said to Bob, “Why would anyone make that movie?” recalled a person who witnessed the conversation.
“F— you,” this person recalls Bob responding. “I don’t work for you.”
Nonetheless, Bob would brook no criticism of his brother in his presence. Richard Potter, a former assistant of Bob Weinstein’s who rose to become a key executive at Dimension in the late 1990s, said that when he once went to tell Bob of what he considered threatening and unfair behavior by Harvey, Bob grew angry and said, “No one gets in between me and my brother.”
.. Bob Weinstein was less likely than his brother to blow his top, people who worked with the pair said.
“Bob didn’t yell the way Harvey did,” said Brendan Deneen, a former Miramax, Dimension and Weinstein Co. executive. “He was more snarky and cutting.”
.. At the 2000 premiere of “Scary Movie,” a Dimension executive attempted to introduce his wife to his boss. Bob Weinstein stuck out his arm and shoved the woman back
.. As Weinstein Co. has fallen apart in the past two weeks, some former employees have sought to distance themselves from Bob as much as Harvey. Others say Bob Weinstein had a softer side that only people who worked closely with him got to know.
.. “Bob was a tough taskmaster and a challenging boss, but also humane, with a great sense of humor,
.. Bob and Harvey Weinstein feuded on-and-off for many years, said people who worked with them. During one period around 2003, the two communicated only through handwritten notes, which assistants passed between them, according to a former employee. “It was literally an equivalent of a father saying, ‘Please tell your mother to pass the salt’,” the former employee said.
.. Their offices, once next door to one another, moved farther apart—first to separate floors and then to different buildings in Weinstein Co.’s Manhattan headquarters. In recent years, their families have rarely gotten together for holidays or other occasions outside of work, said one person familiar with the matter.
.. In about 2011, after an argument over how to allocate the studio’s resources between their respective movies, Harvey Weinstein punched his brother in the face in front of about a dozen other Weinstein Co. executives, knocking him to the ground, said two people who were present. “I’ve been assaulted!” Bob yelled, according to those people. Bob, who was bloodied, wanted to press charges, but was talked out of it, according to a person familiar with the incident.
.. “He had the pulse of what Americans wanted at one time,” said a former Dimension executive. “Can you get that back?”