Is Trump America’s Gorbachev?

40 years ago, Mikhail Gorbachev, to coin a phrase, set out to make the USSR great again. Gorbachev was acutely aware of the uncompetitive nature of the USSR’s economy and the need to inject market mechanisms into it. He saw Eastern Europe as a drain on the USSR’s standard of living, observing that cheap Soviet exports such as fuel, meant that poorly off Russians were subsidising better-off Poles and Czechs. Furthermore, he noted that while the Soviet Union was spending around 12% of its GNP on defence, this compared with under 6% for its satellites.… Read More »

With friends like these, we need a tough decision on Europe

Donald Trump’s style of diplomacy is typically financially transactional and frequently bullying. In negotiating a trade agreement with the UK, the President is not going to change his spots. His tone may be friendly and his words soft, but he’ll want Donald Trump to win. The balance of any deal must favour Trump. For him, there’s no point in negotiating unless he comes out top dog and is seen globally to be top dog.… Read More »