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Trump’s election to the presidency of the nation precipitated an unprecedented hysteria among establishment globalists and anationalists. The entirety of the communications, educational, and entertainment media has been, and resolutely remain, opposed to everything he proposes. Liberal control of the universities ensures the continued production of anti-Trump professors, journalists, lawyers, essayists and entertainers—so that when his support base diminishes in any measure, and for whatever reason, there are anti-Trump replacements ready to fill the vacancies.
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[W]e have become so beset with ambient fear in recent decades that Donald Trump’s rise to the White House would be inexplicable without it. Too many people, abetted by the media, focus on the man: That’s a mistake. The proper focus needs to be on what has happened to our culture that has allowed a man like that to become President—and what it may lead to next.
Trump’s ridiculousness, his narcissistic ability to make everything about himself, the outrageousness of his lies, and the profundity of his ignorance can easily distract attention from the more lasting implications of his story: how easily Republicans in Congress enabled him, undermining the whole concept of checks and balances set in place by the founders; how a third of the country passively accepted his assaults on the Constitution; how easily Russian disinformation took root in a culture where the teaching of history and civics had seriously atrophied.
Trump and his Republican enablers are now reversing regulations put in place to stop Wall Street's excessively risky lending. But Trump's real contributions to the next crash are his sabotage of the Affordable Care Act, rollback of overtime pay, burdens on labor organizing, tax reductions for corporations and the wealthy but not for most workers, cuts in programs for the poor, and proposed cuts in Medicare and Medicaid—all of which put more stress on the paychecks of most Americans.
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Because the office Trump now occupies makes him the most powerful man on Earth, his fears, and the way he manages them, have necessarily become ours. We fear Trump because he is impulsive, irrational and self-serving, but above all because he seems unconstrained by even the faintest hint of conscience. Trump feels no more shame over his most destructive behaviours than a male lion does killing the cubs of his predecessor when he takes over a pride. Trump has made fear the dominant emotion of our times.
The thing to fear from the Trump presidency is not the bold overthrow of the Constitution, but the stealthy paralysis of governance; not the open defiance of law, but an accumulating subversion of norms; not the deployment of state power to intimidate dissidents, but the incitement of private violence to radicalize supporters. Trump operates not by strategy, but by instinct. His great skill is to sniff his opponents' vulnerabilities: "low energy", "little", "crooked", "fake". In the same way, Trump has intuited the weak points in the American political system and in American political culture. Trump gambled that Americans resent each other's differences more than they cherish their shared democracy. So far, that gamble has paid off.
Nearly every element of Mr. Trump’s second-term agenda would create great risk of economic harm. In aggregate, there is a high likelihood that his agenda would lead to chaos and unpredictability, including global instability, in that way reducing investment and business activity. Meanwhile, inflation would be increased by tariffs, immigration restrictions and larger fiscal deficits. Some may feel that we made it through one Trump term and are thus likely to make it through another. But a more apt analogy is that after we survived one round of economic Russian roulette, Donald Trump is asking us to take another spin — only this time with many more bullets in the chamber. That would be a very dangerous game.
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