Of all the outrages and betrayals that Donald Trump has had perpetrated against him—by ungrateful subordinates, by obstreperous prosecutors, by treacherous journalists—perhaps his saddest falling-out is with a simple word. “Starting on day one, we will defeat inflation quickly, and we will make America affordable again,” he declared in an ad during his 2024 presidential campaign. A year later, Trump confessed to still having some affinity for the word.
Why is the world conspiring to spoil America’s 250th birthday, and, more important, Donald Trump’s 80th? Like a Roman emperor, Trump has busied himself with self-aggrandizing public works, such as a massive triumphal arch, and is staging gladiatorial sports in his own honor, in the form of a UFC fight on the White House lawn on June 14. A string of recent setbacks reveals that Trump is no omnipotent emperor after all, but an American president who—more and more—is forced to fold.
The oil shocks of the 1970s forced traumatic austerity on Americans. Some gas stations had miles-long lines; fuel was rationed based on whether a car’s license-plate number was even or odd; the White House Christmas tree went unlit; daylight savings was imposed year-round. The fuel crisis that America’s war on Iran has unleashed is far larger—the biggest oil-supply shock in history, an estimated three times the disruption caused by the Arab oil embargo.
Humanity’s real problem, the great biologist Edward O. Wilson once remarked, is that “we have Paleolithic emotions, medieval institutions, and godlike technology.” There is no better proof for this aphorism than the American military’s escalating spat with Anthropic, the creator of the artificial-intelligence model Claude.
If the most fervent believers are correct, AI might one day challenge the power and sovereignty of nation-states.
Of all the kingly and capricious powers that Donald Trump enjoys exercising as president, the ability to threaten arbitrarily large tariffs is his favorite. Who could ever forget “Liberation Day” in April 2025, when America declared economic warfare on the rest of the world? Or, at least it was his favorite power—before the Supreme Court ruled today that many of the tariffs he had imposed in the past year were illegal.