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The world started with a transaction long before Trump


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American foreign policy under Donald Trump is widely described as a transaction. And rightly. The president’s mindset could only be described as an extremely innist for international cooperation.

Trump is a little viewed by global norms or institutions – testifies to his immediate withdrawal, in the assumption of duties, the US from the Paris Climate Agreement (once again) and the World Health Organization. His worldview is zero summation, focused on short -term victories, not a major strategy.

The President’s conception of security and economic interests is appropriate for his threats to keep a tariff war in the 1930s style on friends, neighbors and enemies. And, more colorful, with their views of alliances as protective rackets.

Keep in mind that the world was transacted long before Trump. The rise of China, who, under Xi Jinping, mercilessly requested that he claimed power and influence around the world, made a fracture into transaction global power blocks quite inevitable.

It is also striking that the growing transaction extends far beyond foreign policy. Continuous challenges for international cooperation are abundant.

The first and most important are climate change that, everything agrees, require global solutions. This is what it is about the UN-based COP top procedure. However, the UN itself says that no more than 1.5C will be reduced to retain global warming, the emissions should be reduced by 45 percent by 2030 and reached a net zero by 2050.

It is a pity that the national climate plans for the signatories to the Paris Agreement would suggest, the UN, to a little 2.6 percent reduction in global shows by 2030, compared to the 2019 levels. Regular energy transition is in this way, on current politics, Mirage. In fact, the growing concern of the Government and the companies, because of political and economic costs of decarbonization, has launched all transaction access to this huge global challenge.

In the meantime, the failure of developed countries to fulfill climate finance for the world in development has shook confidence in a multilateral process among those with extreme time or growing sea levels.

The underlying difficulty is that if China makes up over 30 percent of the current global shows, it is because the developed world is its dirtiest industry in Asia. However, relatively low emissions of Europe allow populist politicians to say that we have no moral obligation to withdraw from fossil fuels.

Further, immigration. Geopolitical strains and global warming in the Middle East and Africa are launching countless immigrants towards Europe. Considering the resulting pressure on housing, public services and more, this is crying for a joint sharing of load between EU Member States. Unfortunately, the time for cooperative humanitarian solutions has passed.

The rise of antimigrant populist parties is now rooted a feature of the European political landscape. Germany is a major example, especially because former Chancellor Angela Merkel has encouraged an increase in the end right, antimigrant alternative to Germany (AFD), offering open -ended doors of asylum seekers running away from the Syrian Civil War.

AFD is now in second place in the polling stations of Christian Democrats before the Federal elections on February 2nd. There is no escape from the national, transaction approach to immigration for Germany and Europe.

Artificial intelligence is equally problematic. There are few areas of human activity where it will not benefit. But these benefits are unevenly distributed by several countries and companies. There are also countless risks, among them ethical; job losses from the structural adjustment of the induced AI; and existential risks where AI can surpass human intelligence. However, the International Initiatives of the Cooperative has progressed a little. Governments and companies are too desperate to make muscle in AI Gold Rush.

Finally to work. Economist John Kay convincingly claimed that successful modern companies are a necessary cooperative community in which technical progress and business development are based on the deployment of collective intelligence in innovative combinations. If right, corporate success is too often lubricated bonus culture in which the incentives of the manager triggered the wrong measuring data on wages. This promotes a short-term transaction approach-the testimony of the return of frenetic stakes, along with reduced investments to inflate the bottom.

These flowering and expensive types of transactions quickly become pervading everything. We live in what could soon be an unpleasant transaction time.

John.plender@ft.com



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