At half-time, Donald Trump has demolished a lot and rebuilt nothing. Even his short-term foreign policy successes have proven brittle. And in the longer term, his not-so-grand strategy—aka “America First”—may well prove costly, as it always has for America.
Why are ordinary folks willing to spend $13.50 for a mug of beer, and why are the grandees of global business willing to drop half a million for a “strategic partnership” with the World Economic Forum? The answers are not so far apart.
Predictions of America’s inevitable decline are like repertory theater, put on stage once every decade since the 1950s. For all his arrogance and nastiness, Donald Trump may flummox the doomsayers again.