The World Doesn’t Revolve Around the White House
But there are tipping points, and firing Lisa Cook threatens to wobble them.
The success of Trump 2.0 depends partly on what happens elsewhere.
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It’s been hard of late to avoid the impression that the world revolves around Washington, DC — or more recently, Anchorage and Jackson Hole. The Trump 2.0 agenda, now barely contested as it comes into force, is the most radical change in US policy for at least a generation, and isn’t happening in a vacuum. It also has effects beyond US borders. Many other countries are near tipping points of their own that could determine whether the American attempt to remold the global financial system can work. Here is a Points of Return tour.