The article published in the Wall Street Journal
Daron Acemoglu, a professor of economics at MIT and co-author of Why Nations Fail, recently gave his take on Donald Trump’s presidency in an interview with the Wall Street Journal. Acemoglu warned that the conditions in the United States are likely to worsen compared to eight years ago under Trump’s leadership. He cited several reasons for his pessimism, including Trump’s policies on trade, immigration, and education.
Trade
Acemoglu believes that Trump’s trade policies could have a devastating impact on the U.S. economy. He argues that the tariffs that Trump has imposed on goods from China will lead to higher prices for consumers and increase costs for businesses. Acemoglu also predicts that these tariffs could lead to a trade war, which would further damage the global economy.
Immigration
Acemoglu is also critical of Trump’s immigration policies. He believes that these policies will make it more difficult for skilled workers to come to the United States, which will hurt the economy in the long run. Acemoglu also argues that Trump’s rhetoric on immigration has created a climate of fear and division in the country, which is making it more difficult to attract and retain talented people.
Education
Finally, Acemoglu is concerned about Trump’s education policies. He points out that Trump has proposed cuts to funding for public education, which would harm students and make it more difficult for the United States to compete in the global economy. Acemoglu also argues that Trump’s policies on climate change will make it more difficult to address this critical issue, which could have devastating consequences for the planet.
The article’s Conclusion
Acemoglu concludes by saying that he is deeply pessimistic about the future of the United States under Trump. He believes that Trump’s policies will lead to a decline in the economy, a decrease in social cohesion, and a loss of global standing. Acemoglu urges voters to reject Trump in the upcoming election, saying that the future of our country is at stake.
Kind regards E. Thompson
