American democracy is a complex, self-organizing system, and its president is a “superhub”: the most well-connected human “node,” located in the center of the network. While Donald Trump does not have control over the entire system, he has enough influence that he could cause it to fail.
MUNICH – American democracy is a complex, self-organizing system. In terms of network science, President Donald Trump is a “superhub”: the most well-connected human “node,” located in the center of the network. While Trump does not have control over the entire system – he himself is subject to its systemic forces – he has enough influence that he could cause it to fail.
Complex systems don’t fail easily. They are generally adaptive and self-correcting. When they become too skewed, circuit breakers kick in to restore balance. But if circuit breakers are disabled, the system will ultimately self-destruct.
The likelihood of such an outcome is hard to predict. But in situations of absolute uncertainty, it is advisable to assume the worst, and many indicators seem to point to a potential “hostile takeover” of liberal democracy by Trump and his cohorts.
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The long-standing economic consensus that interest rates would remain low indefinitely, making debt cost-free, is no longer tenable. Even if inflation declines, soaring debt levels, deglobalization, and populist pressures will keep rates higher for the next decade than they were in the decade following the 2008 financial crisis.
thinks that policymakers and economists must reassess their beliefs in light of current market realities.
Since the 1990s, Western companies have invested a fortune in the Chinese economy, and tens of thousands of Chinese students have studied in US and European universities or worked in Western companies. None of this made China more democratic, and now it is heading toward an economic showdown with the US.
argue that the strategy of economic engagement has failed to mitigate the Chinese regime’s behavior.
MUNICH – American democracy is a complex, self-organizing system. In terms of network science, President Donald Trump is a “superhub”: the most well-connected human “node,” located in the center of the network. While Trump does not have control over the entire system – he himself is subject to its systemic forces – he has enough influence that he could cause it to fail.
Complex systems don’t fail easily. They are generally adaptive and self-correcting. When they become too skewed, circuit breakers kick in to restore balance. But if circuit breakers are disabled, the system will ultimately self-destruct.
The likelihood of such an outcome is hard to predict. But in situations of absolute uncertainty, it is advisable to assume the worst, and many indicators seem to point to a potential “hostile takeover” of liberal democracy by Trump and his cohorts.
To continue reading, register now.
Subscribe now for unlimited access to everything PS has to offer.
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