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Showing posts with the label Elon Musk

States and Courts Counterbalance Trump

Internationalism No. 73, March 2025 Page 10 From the series Chronicles of the new American nationalism Donald Trump’s political agenda has been dictated by the tempo of the dozens of executive orders, memoranda, and proclamations he has signed, challenging international partners abroad, and Congress, the States of the Union, and the bureaucracy at home. The execution of some orders has already been temporarily suspended by federal judges, while the chaos caused by a memorandum led the administration itself to withdraw it. Other rulings are expected from the courts at the request of citizens, NGOs, and States. Furthermore, as James Politi of the Financial Times notes, “the result of his political success” in the elections is that Trump will have to satisfy “a much more diverse political coalition” than in his first term. Ross Douthat, a conservative commentator for The New York Times , also believes that “at least until the Democratic Party gets up off th...

Cryptocurrencies, Tariffs, Oil and Spending in Trump’s Executive Orders

Internationalism No. 73, March 2025 Page 8 Douglas Irwin, economist and historian of American trade policy, writes for the Peterson Institute that the tariffs announced by Donald Trump, if implemented, would constitute a “historic event in the annals of US trade policy” and “one of the largest increases in trade taxes in US history. One has to go back almost a century to find tariff increases comparable”. Irwin limits himself to providing us with a historical dimension to the planned duties. But the bewilderment and turmoil created, especially among Washington’s allies, derives from the fact that the tariffs being brandished are accompanied by a hail of presidential decrees and declarations that mark a profound political discontinuity, both in the balance of internal institutional powers and in the balance of power between nations. The watershed was expected, but the speed and vehemence of the White House’s assaults are setting the scene for a change of era i...

Elon Musk: Space Entrepreneur

Internationalism No. 71, January 2025 Page 12 In September 2001, Elon Musk discussed the possibility of private individuals launching space ventures with his former university classmate Adeo Ressi. In his biography of Musk, Walter Isaacson writes: “For a private individual it was obviously too expensive to build a rocket. Or was it? What were the necessary material requirements? The only thing really needed, he thought, was metal and fuel, which were not that expensive”. The two concluded that it warranted an attempt. Today, Musk is Tesla’s main shareholder and the owner of X (formerly Twitter). He is considered to be the richest man in the world and strongly supported the election of Donald Trump, whose adviser he will become. This article, however, will only deal with his activity as a space entrepreneur. Fail fast and try again In May 2002, Musk was already a millionaire after selling his Zip2 software company to Compaq when he acquired a small Califor...