Michael Hirsh
The newest conventional wisdom among the commentariat is to lament the passing of our “rules-based international order”—especially in the aftermath of Donald Trump’s plundering raid through Davos, Switzerland, when the U.S. president nearly upended NATO in pursuit of what he called a “piece of ice,” or Greenland.
But there’s a larger lesson to be found in the extraordinary spectacle of the usually fractious Europeans standing united against the man whom many now see as the mad king of Washington—and in the sudden revolt of global markets against Trump’s behavior. The markets have since stabilized, but “Sell America” sentiment persists, an ever-present threat hovering over Trump’s “A+++++” economy.
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