Trump’s Foreign Policy Populism Is Doomed to Fail

[ Originally published on this site as post ]

Jeffrey Sachs, Boston Globe
Listen to President Trump describe how he will make America great again. He will deport illegal migrants; cut corporate taxes; build a wall and make Mexico pay. He will punish companies that move jobs abroad; stand up to China’s trade juggernaut; deregulate the economy; and end environmental protection. This is a world mainly of shortcuts: raising national income not by innovation, skill, and saving, but by grabbing income from somewhere else, such as Mexico, China, the environment, or future generations. Trump is the quintessential short-run populist. History teaches why such populism…