The US as the World’s Robber Baron
3 Articles
3 Articles
Project Syndicate
The New ArabThe US as the World’s Robber Baron
Like the Gilded Age robber barons, the United States under President Donald Trump is using trade policy to benefit itself at the expense of all other countries. But now that administration surrogates are openly acknowledging the strategy, all other major trading powers will surely respond accordingly.
By Dani Rodrik, Project SyndicateCAMBRIDGE- In a notable opinion piece published at the end of June, a former prominent economist of the Trump administration recognizes (and supports) what many suspected: Trump's role in foreign economic policy is to act as a “thief baron” of the 21st century. The original “thief barons” were greedy industrialists who became rich through monopoly practices in the U.S. during the Golden Age. At the end of the 19t…
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