Incompetence as the defining feature of Trump 2.0

16.4.25

Dear Partners in Thought, 

One should not feel good for being right so early on concerning matters like the multiple negative impact of Trump’s policies – if the term policies can still be used at all. It did not take a PhD degree in economics or being a master diplomat of the Kissinger or Brzezinski type to know that the overall Trump approach would be wrong for all parties involved from the outset. It is useful, however, to understand the key feature and sub-components of the Trump approach to managing American affairs: incompetence.

The incompetence can be found at two key inter-connected levels. The mode and type of decisions taken and who manages them. Decisions taken by a deluge of game-changing executive orders affected the world and America in no time as Trump 2.0 started – as seen with aggressive tariffs or strange foreign policy moves, not to mention the messy gradual destruction of the federal government infrastructure or, en route, the unusual and increasing attacks on the judiciary. A lot of emphasis was put on the stark news effect of such moves as the Panama Canal, Gulf of “America”, Greenland, Canada, Mexico while some other moves were very impactful in substance like with DOGE’s drastic developments or Ukraine and an odd rapprochement with Russia in the context of an elusive peace process – this whatever the grand anti-China strategic design behind it. The list of decisions impacting the world and America itself, including his own voters at the pocketbook and sheer job levels, became astounding. 

Unmanageable tariffs imposed at the same time on the whole world were a case in point, even if strong market reactions were to be expected, then also finally involving a rather passive business world to date. Back and forth decisions, as seen again with tariffs, that could be deemed “transactional”, thus very Trump-like, also reflected a desired chaos linked to an elusive but drastic clean-up (almost putting aside self-harm as secondary), all of this naturally creating a massive rebuke led by steep historical stock market and 401(k) declines in no time. And then tariff selectivity reminded us of latent corruption when supporters benefit from better treatments, at times leading to some back-and-forth moves again, showing mismanagement and late realisation of what does not fly in a still open and democratic society in 2025. As for illegal (and occasionally legal) immigrant deportations, and putting aside its costs to the economy, its challenging and unfocused management did not reflect the values and principles that made America. To be fair, Trump and his team can also be competent, like in destroying US higher education as seen with Harvard and Columbia, key historical pillars of US strength as if he held an old grudge against elite universities since his rather obscure college days at Wharton. It is hard to believe that Trump would be allowed to go forward with such crazy moves that could only create chaos while damaging America’s reputation but, unlike for his first term, there is no adult in the room – as he specifically wanted. 

Besides the incredibly harmful set of decisions seen since late January, his core team today is composed of “very average” professionals. Not stupid ones, but first known for their vocal and dissenting positions on their areas of focus in a fitting way to Trump’s own or even, for some, their strange behaviours. The US government, formally comprising Secretaries, is now populated by news anchors, podcasters, governors of small rural states, at times with weird personalities, some being anti-vaccine while others proud to have killed their dog or being mere conspiracy theorists. The usual, and needed, boring technocrats seem to be on permanent holiday. To be fair, the main adviser to Trump on tariffs, Peter Navarro, holds a PhD in economics from Harvard (his type of degree being a rarity among the top team) though he is also known to be weird and a convicted felon, which stresses a few other features and indeed a better team fit. One of the key weaknesses of Trump and his team is how they focus on the very short term, also in relation to domestic news impact, and not the range of consequences resulting from their policies – it is as if they were not mentally equipped to do so and are unable to work on scenario-management. Traditional American values and principles, or the sheer history of the country, are secondary to getting the president’s job done. Signalgate, however dreadful (even if almost funny) a national security blunder, unwittingly set the tone for poor top team quality and what incompetence really means with Trump 2.0. All participants in this highly confidential strike in Yemen kept their jobs while many tested professionals in the Pentagon and White House were losing theirs as not “belonging “, almost culturally, with the new times. The first Trump requirement in team selection today is cult following combined with obedience to the leader, so no challenging team oversight or control found in the first term can ever reappear. His team will always try to defend his and their moves as the right ones come what may and against sheer facts, this in ways that will make most rational people increasingly perplex as chaos keeps growing and the supposedly short-term pain endures. This basic assessment should not be a surprise to anyone.    

What we see is again the natural result of a populist movement (or indeed cult) focused on one man taking over the leadership of a country by winning an election in tactically focusing and capitalising on the natural anger of many voters (about illegal immigration, “woke” and, almost funnily today, inflation) though, even if enjoying a first term experience from which many would have learnt from, without having the requisite skills to run a country – especially a key one like the United States. Populist voters are generally sadly ill-equipped to understand much about “government” and are easy prey for populist leaders mainly focused on winning elections.  Populist leaders also target the elite or the old establishment that their voting base naturally see as depriving them of a good life. It is indeed a vicious circle as leaders secure power today through showbiz campaigns, often assisted by self-interested “influencing” podcasters like in the US, as if it were an end result with few skills or even interest in the chores associated with governing, even if they would never admit to this. And in the case of Trump himself, it is also a way to exist as if politics had been a natural follow-up phase to his The Apprentice TV show. Trump has treated American citizens as TV viewers who need to be kept awake, hence the deluge of strong news that he sees as defining his new presidency through “deep change”, this whatever happens later even if strangely, and perhaps sincerely, hoping for the best over time.      

The problem is that, once in power and, assuming some democratic features can stay in place, these populist leaders and their ill-equipped teams can stay in power for far too long a time, if only due to their term in office. Even assuming a likely 2026 mid-terms landslide against the hijacked or new Republican Party with a massive vote against the Trump chaos even if more so than one for the Democrats, about 21 months of Trump 2.0 could bring irremediable damages to the world and indeed America. In the meantime, however, the world may also likely react with a new geopolitical chessboard showing a much stronger China that will enjoy many more friends and a more unified and stronger Europe facing a much-weakened America domestically and globally, having erased in no time the benefits of having led the West and being the key world player for a century, as well as a champion of globalisation. These likely game-changing developments created by Trump’s policies would go much against his planned and simplistic end game. It will be interesting to see how the Trump team will explain where America is in two years’ time. And we will have the excruciating pleasure and likely associated damages nobody would want of seeing another physically and mentally declining president and his still obedient team trying hard to still exist, this in itself potentially bringing more bad scenarios for the world. 

Incompetence brought the world chaos and uncertainty, but we should all work gradually together to define a post-Trump era where the America we know finds itself anew – and the adults are back in the room (and the Oval Office).

Warmest regards,

Serge  

Trying to understand and cure the rise of populism across the West

8.4.25

Dear Partners in Thought,

As there is a global flood of much-needed pieces written about the Trump 2.0 chaotic developments and their expected negative impact on the world, I thought that it was useful to take a pause from the matter and instead, explore their root causes in the US but also across the West. Why have we seen such a rise in populism or essentially extreme-right programs and leaders across the West over the last 15 years with an acute focus today? 

Before the Trump era, especially from the 2.0 vintage, America never experienced populism, at least since the 20th century. If anything, America stood for democratic values and principles, both as leader and guarantor of what was known as the Free World. America greatly benefitted from its leadership at many cultural, political and economic levels. Europe was naturally deeply hurt by Hitler, Mussolini and Franco and others who led autocracies, at times not wholly rejected by their own populations (this leading to major wars and conflicts), while the Cold War ended with a victory for the West and democracy. The 1990s brought peace within the whole West including the whole of Europe as well as incremental globalisation linked to peace through trade; but gradually, while Russia operated a return of history, old and new extremist political platforms rebuilt their appeal among an increasing share of the Western populations. 

Trump’s MAGA base or indeed “cult”, a most successful populist gathering focused on one leader, who “represents” about 25% of the actively voting electorate and 50% of the Republican voters (as of early March, so just before the recent chaos), was a new development not seen since Charles Lindbergh and his America First in the 1930s. France’s National Rally is the child of the National Front created by Jean-Marie Le Pen (with former Vichy government and terrorist OAS partners) in the late 1960s and now led by his daughter Marine Le Pen – much in the news following her recent court conviction. While Reform UK may espouse some extremist views, and is led by Nigel Farage, an ill-fated Brexit-maker, a rapidly rising Alternative for Germany, led by Alice Weidel, with an unusual gay profile for far-right parties, also reflects its Prussian if not Soviet-controlled past given its core geographic base. And then we see the likes of Victor Orban, formerly a rather liberal politician, who seized upon autocratic features to help him keep securing his 15-year hold over Hungary, this with all the geopolitical implications we know. All those parties and individuals either secured power via elections, like with MAGA and Trump in the US (while hijacking a traditional party) or are in a position to win one like with Marine Le Pen in France, if not for her embezzlement conviction and ineligibility pre-mid-2026 appeal outcome. While the extreme right was always there and a medium to promote the career of its leaders, the political landscape of the West has drastically changed in recent years, now allowing them to win elections. It is good to attempt an understanding of why, and to see what could be done to reverse this trend. 

The political landscape has changed mainly as politics and elections, as well as society, have changed too. Winning elections today is increasingly a show business endeavour where party leaders, all the more coming from extremist and populist groups, need to appeal to voters who want simple solutions to complex issues and some degree of flamboyance. The desired simplicity is often driven by voters not being equipped to understand how societies and indeed governments are being managed, or how the world actually works. The lack of education for many is also mixed with a feeling of disgruntlement against an established elite that would have deprived them of many benefits they would have kept for themselves. This approach is often associated with a reading inability (the illiteracy rate in America is amazingly high even if not often mentioned) – this while traditional media readership is declining – and an excessive reliance on social media and podcasts that fit their desire to hear what they want. This fact is also often combined with an increased isolation rate and the inability to “exchange” on issues, especially among the younger generations, that worsens the drive for simple and game-changing solutions to their perceived problems. 

Most populist party voters are not neo-Nazis, even if they can be found among them. Voters are often driven by topics that one can understand, even if the populist solutions on offer are not the best ones to achieve what they want and keep the essence of what is democracy – which in any case they may no longer understand nor value. Trump won in November 2024 on three key drivers that many voters supported. Beyond the obvious one of ensuring prices would stay low at the shopping centre (definitely not what is happening), the two other populist drivers were illegal immigration and the so-called “woke”. Illegal immigration as a political topic can be tainted with racism but also reflects cultural identity and making sure migrants are not criminals, something that residents of borders like in Texas, can be forgiven to want. “Woke,” which can also be known as DEI (diversity, equality and inclusion) which, while projecting sound values in essence, can also be too extreme in its promotion, especially within schools and companies, where “excellence” may not always have been seen of late as the key admission, recruitment or advancement driver. Once again, the problem is with “too much” immigration, in particular of the illegal kind, and too much “woke”, all the more in the face of those who behave according to traditional and tested values like excellence or common sense. Understanding these key points is key to ensuring sound immigration and diversity, while traditional parties and governments have often missed the point, appearing to live in what they saw as new times as a result, and hoping to gain votes in other segments of the voting population. In many ways, populists often win because traditional parties and mainstream governments miss what matters to the general population of voters, many of whom will try new and often wild avenues. Trump 2.0 is a case in point even if, in this unusual case, the harm to America and the world is found at all levels of domestic and foreign policies, going well beyond the three focus drivers of its unwittingly self-harmed voters. The hugely negative impact of Trump tariffs is only one very vivid example of what ill-thought-out populist policies can achieve in no time in the globalised world today.  

Populist parties or movements, often led by people who can today expertly sell and win an election, are too often (if not always) poorly equipped to govern in the ways most voters would expect, based on past experience with traditional parties. Even if these movements have successfully seized issues that have created resentment among disenfranchised voters, the end result can be chaotic. Trump 2.0 is again a vivid example of this inability to manage a government sensibly, both domestically and internationally, with all the chaos that can follow that their own voters may also pay for (all the more when adults are no longer in the room as they were in Trump 1.0). It is clear that the way to exclude easy populist salespeople from running governments in the future is to let them show their inabilities once in power, but the key problem is that they can then also create autocracies with no future elections in sight (will there really be US mid-terms in 2026?) or create wars and conflicts to change the electorate’s focus on what is not working (what about a war with China to make my voters forget the damages?) Having said this, it is also the duty of traditional parties to keep ensuring their programmes fit the needs of voters and their leadership teams are strong to soundly convince them, and then run governments efficiently and deal with issues that matter.   

The rise of populism can be repelled but only through focusing on ways to do so at many levels and not simply wishing for the best. Society and governing will never be ideal, and many issues will always remain, but preserving true democracy as we know it, for those countries that still enjoy it, is key. Populism and disgruntlement will never die but can be managed to avoid or minimize substantial harm to all parties, including populist voters who often are the first to feel the pain. If anything, the Trump 2.0 experiment, which will be harder to defend by its makers, is a case in point even if the cost of being right is too high.

One of the key decisions which traditional governments still in power should take, and working along democratic values and principles (like in most of the EU and hopefully later in the US in a post-Trump world if any) is to focus on “educating” their electorate by making them understand what is behind democracy, government and their electoral process. In addition, governments should explain what they do at the economic, social and foreign policy levels, this in concise information letters or via internet to all citizens. Education is key to changing the minds as to how democracy works, its benefits and key features. While not perfect, it would be a sound start. 

Going more deeply, a stronger focus on mandatory public education through expanded funding would also help children and young adults to think more carefully about the benefits of Western democracies while preparing them better for a happy and productive life, hopefully gradually away from phones and other screens. In many ways, especially for Europe, strengthening education and defence should be the two joint pillars of dealing efficiently with our new world and its threats. 

As to the impact on the younger generations of social media, abusive video games and not reading books or mainstream newspapers, it’s up to all of us – at a family level – to try to make children understand the benefits of sound thinking devoid of easy manipulations and avoid the hours spent in self-imposed jail-like bedroom isolation. It is the duty of our new times.       

Warmest regards,

Serge                                             

Assessing the impact and potential scenarios of Trump’s policies after two months

18.3.25

Dear Partners in Thought,

Two months into Trump 2.0 it is clear that the impact of his frenetic, erratic and poorly-managed policies is obvious as was expected. A small majority of Americans is now opposed to what they see unfolding, including many of his own voters, with only the MAGA cult base remaining largely faithful and hoping for the best. The US is also now led by a top team characterised by its combined incompetence for such secretary roles and blind obedience to the leader who wants no control this term, mirroring features often noticed in autocracies.  

Time has flown very fast since January 20. It is now useful to assess the impact of Trump’s policies and think of their potential developments that may occur in America and the world, all the more as it is likely that they were not seriously expected to be as game-changing as they fast became. Impacts can be seen at many levels, given the long list of decisions taken in a very short time, but the main ones are already clear. Potential developments or scenarios can be many and also far-reaching both for America and the world. 

At home, Trump and his team are destroying the Federal government, which has clear impacts in many areas like health and education across the country, including in red states where many of his voters are increasingly voicing great discontent. Many federal employees, including former Trump supporters, are also losing their jobs thanks to a quasi-rogue operating DOGE that is managed by the richest man in the world, who is also looking out for his own interests across the board and globally, not unlike his “Big Tech bros” that the MAGA base finds fine and not the “despicable urban elite” of the day. Trump is now going after personal enemies and the prosecutors who led the many legal actions against him during the Biden administration in ways that recall a bad Count of Monte Christo novel of our times. The appointment of highly questionable leaders of the FBI and National Intelligence known for their conspiracy theories combined with the sacking of experienced FBI and intelligence officers is not sound for sheer American security. Stopping incoming illegal immigration, always a liberal democratic weakness as seen in Europe, appears to be supported by a majority of Americans and perhaps the only Trump policy win, even if the incoherent use of tariffs to do so, not to mention unmanageable mass deportations, has created clear havoc. Republicans in Congress strangely turned against elite academia (and the educated ones?) by aiming at substantially raising taxes of top university endowments such as those of Harvard, Yale or Princeton while the Trump administration has started to cut off federal funding and grants to colleges, overall a core American competitive advantage with 72% of top universities worldwide (this while China is increasing them at home). Diversity and inclusion or DEI, even if admittedly excessive at times in their implementation ways, are being cancelled even by leading global businesses kowtowing to the Trump times (while students at military bases worldwide, of all places and people, resist the crackdown). The pardons of unacceptable January 6 insurrectionists and historical Trump supporters goes on even if helped by Joe Biden’s farewell take on his own son. Free speech is also endangered as shown with the treatment of traditional news media like the Associated Press or the plans to deport a pro-Palestinian former Columbia University student activist and Green Card resident. However, we can see today at least a backlash from the judicial branch that shows the US is still a democracy and the constitution is upheld – for now, even if federal court orders are also defied like with the deportation of 250 alleged members of a Venezuelan gang (all while the Trump-friendly Supreme Court had already taken the view that the US President was immune from any legal action regarding his decisions during his term).

Trump’s economic policies have already led to stark stock market declines in March with likely rising inflation that, as expected, results from announced tariffs and associated trade wars also linked to geopolitical aggression (French wine may become a luxury item soon but will not impact Musk & Co). Such declines are now sold as an expected “temporary pain” though with the word recession resurfacing – not a great development for all those who did not like Trump but voted for him essentially to ensure their economic well-being (making James Carville known for his 1992 “It’s the economy, stupid!” surely smile even if he must be distraught today). Consumer confidence already starts being eroded by uncertainty with less store and fast food chain visits across America. And then mass deportations of illegal but law obedient immigrants will substantially hurt some key sectors like agriculture as some Red State Republican elected officials seem to have woken up to. Traditional foreign investment is also likely to decline as a result of a sapped confidence in America. Trump’s national strategic reserve of Bitcoin is befuddling many but his odd move may also be linked to personal interests given his very recent family crypto projects. While the current negative economic developments are deemed by the Trump team to reflect a necessary “period of transition” or “detox period”, the mix of incoherence and unpredictability of policies ultimately aimed at deregulation and tax cuts is getting too strong not to sap both local investor (even a previously “Trump-flexible” Wall Street) and citizen confidence. At least Trump acting as a White House Tesla salesman tried to mitigate the downfall we see.

The Republican party and its officials in Congress are still (so far) following Trump, even if many of them dislike the president and his hurtful policies. Job preservation matters more than economic and political sanity, even if the 2026 mid-terms may prove damning to many. The Republican party has lost its historical essence in the Trump era, while the Democrats currently seem to struggle to form a productive opposition and need restructuring, all of this making for a very unproductive political environment.

In two months, Trump destroyed 80 years of US leadership of what was called the West or the Free World, threatening the invasion of close friends like Canada and Danish Greenland, or even leaving NATO. While putting the global climate change challenge aside, he also dismantled USAID which provided clear soft power to the US worldwide with many direct and indirect benefits at all levels, including its image as a good global power – not to mention dealing with so many issues like significant food shortages or health needs in the developing world. Key US-funded and managed pro-democracy media outlets like Voice of America, Radio Free Asia or the historical Cold War era Radio Free Europe reaching out to millions among autocracies worldwide are being gradually dismantled. His main driver and odd rationale, as America was the great beneficiary of such a leadership role, was that too many tax dollars were wasted and America had been taken advantage of for too long. Not realising the harm to America’s power, Trump focused on USAID savings that could then also lead, as with tariffs or federal funding cuts, to lower taxes for ordinary Americans, assuming the economic shocks we see be “temporary”, which is unlikely or at best a dangerous gambling approach.   

Some new and potential key geostrategic developments 

The new breath-taking approach of Trump 2.0 to international affairs has clear consequences globally, at times via wild and surprising announcements, from renaming the Gulf of Mexico, a new approach to South Africa and its white farmers or DC envoys, taking back control of the Panama Canal, raising doubts about the 1960 US-Japan defence treaty to making Gaza another Riviera. The list is very long and hard to follow, but there are some key actual and potential developments already affecting the world after only two months.     

It is clear that, while the US is unlikely to take drastic decisions to break the Western alliance, including NATO, further, Trump will see the world as a transactional geostrategic chessboard with direct US interests, as he sees them, being a primary policy driver. As such he has just launched massive and unilateral operations against the Iran-backed Houthis in Yemen in order to preserve US trade and shipping interests while stressing the global benefits of such a move.  

While not having fostered a MEGA movement, Trump has unwittingly cemented European unity and admittedly a much-needed and long-in-the making focus on its independent defence, this while assisting a UK-EU rapprochement, first on defence, that may lead to more concrete partnership steps in the next decade (would Trump be a Brexit killer?) In the same flavour, the EU is developing trade talks with both Mexico and Mercosur in Latin America (Would Trump not be an agent of the EU and not Russia after all?). And finally, a new and welcome Germany is also appearing as wanting to be a core player in European defence, shedding the weight of history and contributing at its strong level.  

Trump’s chaotic geostrategic approach may lead Europe to eventually getting closer to China in some strategic and mutually-fitting “safe” areas while Canada may become close to and possibly a formal partner of the EU, two examples of developments that would not support American global interests. 

While Trump gets too aligned with Russia (for many reasons, including personal ones) while not fully supporting Ukraine as a key ally should (with back-and-forth decisions on military and intelligence support that look like the tariffs approaches to Mexico and Canada), he may eventually help achieve a peace, even if it may not favour the aggressed country and indeed ally – not to mention NATO members. History may wrongly remember him as the solver of the Ukraine invasion and forget at what cost. One of the hidden drivers of this unbelievable approach is that Trump may want to get Russia against China as another example that Asia, and the great competition he sees against Beijing, means more than Europe today – all while likely forgetting Taiwan as long as semi-conductors are of course manufactured in the US.

While new developments will occur, it is likely that most, if not all, historical Western allies of the US, even if Trump has natural leverage over them (v traditional enemies), will work hard to keep a form of practical relationship with the Trump administration while America is unlikely to invade Greenland or force Canada into being the 51st state. The showbiz news appeal of President Trump is likely to erode over time as his aggressive announcement of policies and their back and forth will usually lead to nothing, or not much but aggravation, risking making America not being taken seriously and being seen as unreliable in international affairs.   

Potential developments in the US itself

While the economic shocks following Trump’s policies will affect prices of goods and services, many will suffer job losses unless an economic redirection takes place in the short term. If not, the Republican party will suffer an historical loss in the 2026 mid-terms, assuming the Democrats reshape themselves, find a new leadership, deal with excessive ‘woke’ issues and find the right candidates. This redirection would lead the path to a Democratic win in 2028 for a centrist Democratic candidate like Pete Buttigieg, Josh Shapiro or Gavin Newsom, all needing to take a more conservative turn on societal values. This, of course, would assume that the US Constitution would still hold and a form of mild autocracy were not reached as times become too challenging for the Trump administration. Such a return to normality would also lead to a reshaping of US foreign policy according to pre-Trump 2.0 norms that would be welcome by most of the world at large.    

The real domestic danger would be for many in the MAGA cult base to finally realise they have been duped by President Trump and his “Big Tech bros”, which could lead to a form of civil insurrection, if not war, that could involve some of the most Trump-loving red states against the rest of America, this time not along the natural North-South geographic division seen during the American civil war of 1861. Social media, extremist influencers and podcasters who have recently shaped American life may also play a key role in this previously unthinkable development fitting our new times. In many ways, this extraordinary scenario, not unlike the now credible one of the US potentially leaving NATO, would be the logical consequence for voters having blindly backed populist leaders and finding out that they cannot manage governments or make their lives better but can only create chaos. Many of these angry voters, however misplaced their support of extremist populist leaders, often fuelled by lack of formal education and excessive social media focus, may feel without normal recourse any longer. 

It is hard to predict the future, even if all could have seen the adverse effects of Trump’s frenetic economic and geopolitical policies without being a PhD in economics or a leading diplomat. However, given the drastic changes to the world we knew, it is quite key to try to see what the future may be at the personal, corporate or country levels, so we can assist our leaderships, and indeed our fellow citizens, in dealing efficiently with our uncertain times. 

Warmest regards,

Serge 

Understanding why Trump won last November and would lose today 

24-2-25

Dear Partners in Thought,

A good friend told me recently that I may have focused too much on the negative impacts of Trump on America and the world while not recognising that a majority of voters backed him in a democratic election. To be fair, I saw Trump’s impacts as more relevant to review so we could deal with them. However, I also recognise that it is interesting to understand why so many people (77 million) voted for Trump and elected him President without this time around the always strange but legal assistance of the Red States-favoured Electoral College. And in doing so, I also wanted to stress in all fairness and a positive note – even if irrelevant now – that he would not have won if his swift and destructive programme had been known by his voters beyond the showbiz flavour and drivers that allowed his win.   

So why did so many vote for Trump and what where some or all of their drivers?

  • A feeling of being left out and not mattering, often residing in rural areas or small cities, away from metropolises where decisions are taken for them.
  • A limited education and often no college degree of any sort, combined with increased loneliness for many, while relying on social media they want to hear (making them easier to manipulate).
  • A resentment against the “undeserving elite” and its set-up (like the DC policy establishment, Ivy League colleges, old money, the well-offs, the natural concentration of wealth in key cities like NYC, Chicago, Boston, San Fran) even if strangely not minding the likes of Musk, Thiel and now Bezos, Zuckerberg, most of Big Tech and many of the Wall Street crowd – indeed the real elite of the day – having pushed for Trump as they wanted fewer regulations, less taxation and fewer constraints of any sort.     
  • The cost of living felt at the supermarket for key goods (even if Biden’s policies had helped the US to fare better than any other major countries). 
  • A resentment against “Woke” and any kind of excessive diversity and how it was at times insanely applied in businesses and schools (this especially from young and not so young males).
  • A low understanding of, and interest in, international affairs seen as non-core to their lives and often a useless cost (USAID is a waste and seems corrupt according to my podcasters… And why do we need soft power?).  
  • A low understanding of economics (tariffs are great as foreigners pay – when they also will through inflation and their own purchases). 
  • The ability of Trump and any populist leaders (like in Europe) to “showbiz capitalise” on voters’ pain (real or imagined) while grabbing votes via easy solutions to deal with complex problems, often too costly to implement or unmanageable efficiently and with poor outcomes. 
  • A feeling that public sector bureaucracy is inherently wasteful and inefficient so let’s get rid of it and sack all the bureaucrats (hence a DOGE that is also questionable in many ways). 
  • A belief that immigration – even in a land that was built by it – is bad on many grounds and primarily affecting national identity as too ethnically and culturally differentiated, this combined with the inability of governments/bureaucracies to manage documented and undocumented flows, even if needed in some key economic sectors. (And in all fairness, immigration is also a European topic.)   

It is interesting to realise that the above drivers – not always the best and the brightest – led the vote of many, while Trump’s strange, if not downright unacceptable, personality and style combined with a shady history did not seem to matter. He was simply seen as the right medium for the angst of many voters, even if some would never want him as a buddy (putting aside the MAGA-hat and T-shirt wearing crowd in search for amusement or simply a need to exist). 

Voter frustration can be understood with regard to some matters that many governments usually do not manage well, both in the US and across Europe. Many Trump voters wanted strong and easy-to-grasp policy proposals that make sense on the surface and deal radically with their issues (or indeed grievances). It is clear that some of their drivers are fully understandable; liberal-democratic governments have always been bad at managing bureaucracy (even if an inherent feature), or immigration – often for fear of allegations of racism and given the need for more workers in unwanted jobs at home. It is also true that in most countries, voters do not care much about foreign policy and its substantial funding features unless they are under clear threat. We, and especially the US today, thanks to the rise of Trump a decade ago, live in an increasingly polarised world where discussions or compromises no longer matter, and views should only be fought for in what becomes a hostile political debate fuelled by partisan social media. Voters, usually ill-informed by design, are more “against” than “for” anything, which translates into strong views fuelled by exciting podcasted disinformation, leading them to backing populist politicians with extremist programmes that become more normal and expected in a gradually consensus-free world.    

As stated in earlier notes (notably “Getting the right take on Trump’s impact on America and the world” – February 19th), Trump’s deluge of executive orders (67 in one month, a record) and daily offensive announcements, creating both chaos and low understanding of what is happening even from his voters, was unexpected and very surprising, even from an individual like him. On a side note, his “deluge” with at least one breath-taking key news a day, makes it challenging to keep track of the man, with many of his decisions still seen as Trump’s and not as America’s by many observers, given their uniquely unusual and at times world game-changing nature. After hijacking a now servile GOP (look at the confirmation of weird secretary nominees), Trump is now hijacking America and its role in the world, after all feeling that he can as an elected President. Trump’s personal features clearly bear no similarities to those of any prior Presidents and reflect the change of the political debate in the US (and within Western democracies). Every day of his short tenure brings more bad and world order-shattering news as if “shock and awe” was the expected norm and radically new approaches now making the US a self-centred super-great power is right and sound. In this new era the form, usually violent, matters more than the substance and the policy impacts. Trump’s voters are bound to grow tired of this new approach after a while and will likely be the first to pay at home for his policies, while Europe (and indeed Ukraine) will suffer from his betrayal and their own complacency in having relied too much on American support, even if the latter also fully served America’s interests at many levels.   

A Washington Post-Ipsos poll released on February 20th showed that Americans are mixed-to-negative on Trump’s nascent second term while 57 per cent say he has exceeded his authority since taking office. Polls on Musk and his DOGE leadership show worse results, with some Republican legislators even worrying about the method and impact of the drastic Federal job and funding cuts. Even Fox News joined all key media networks to ask for a lift of the ban on Associated Press from attending White House briefings following their sticking to “Gulf of Mexico”. Over the last month, the S&P stock market index vastly underperformed the Stoxx Europe 600 index (1.7 per cent vs. 5.7 per cent) while US inflation has already started to rise in anticipation of tougher times. Trump would likely lose the Presidential election if held today as many American voters, including some driven by the above-stated features, would not be happy with his rapidly-engineered civilisational meltdown. The flood of self-destructive domestic and foreign policy executive orders and announcements we saw in his first month, that will eventually be felt at home very directly, has also triggered the redefinition of what America has stood for during almost a century. Even if not caring for international affairs and “protected by an ocean”, voters would not back the destruction of the Atlantic Alliance, making Trump in effect an agent of a very happily surprised Russia about what is increasingly seen, through the de facto validation of the Ukraine invasion, as a historical pivot of sinister proportions. Had they known what was really on offer, it is indeed highly unlikely that a majority of voters would have supported Trump, whose actual approach reflects only too well his unbalanced personality and style. However, even if Trump would have lost the November election based on what we see today, it is not clear that his majority in Congress would be defeated in 2026 as it likely should be if Team Trump was successful in gradually destroying the US Constitution and rules attached to it, like mid-terms every two years, which Americans have known since 1781. With Trump, anything is possible. 

The last month was too full of unmanageably sad news. So, to conclude on a funny note, let’s rejoice that Canada just beat the US in the final of the 4 Nations hockey championship allowing Trudeau to deservedly needle Trump about his deranged 51st state offer threats.    

Warmest regards,

Serge      

Getting the right take on Trump’s impact on America and the world

19-2-25

Dear Partners in Thought,

In less than a month back at the Resolute Desk, there has been a flood of Trump’s executive orders that are changing America and the world as we knew it. While it is potentially mind-damaging given its extent, it would be useful to keep track of most, if not all, of the decisions taken by the US President and seeing their gradual impact when implemented or if they are just for show and transactional tactics. The list is indeed very long and reflects many points of the infamous Heritage Foundation “Project 2025” that the Trump team had worked hard to dismiss as not their programme during the electoral campaign. 

What is clear is that Trump is clearly now in a position where he is changing America and indeed the world we have known since WW2. It is also increasingly likely that he is an unwitting tool of powerful business interests, of which Big Tech is the leader, and possibly indirectly of the “great powers” he is fond of, such as Russia and an “imperialistic brother” like Putin. In some ways, it is a game where all parties are leaders and tools, holding each other by the goatee, as the French saying goes, in what makes a sinister and world-damaging club.  Weakening America, both at home and abroad, by his poor style and decisions, also hurts the world we know as well as, naturally, Europe. The picture is so large that it takes some time to realise the extent of the multi-faceted damage while, with all things Trumpian, we may dangerously get used to his craziness over time, like many of his supporters have, creating a dangerous feeling of normality.  

The damage to America itself, including its own voting base, will be seen rather quickly at different levels. The gradual destruction of the Federal Government and traditional public service will have a serious impact at state level, including the Red ones, as services will no longer be federally funded in too many areas like education or health. The various political firings of officials at the Department of Justice combined with the massive “buyouts” (not to use the word termination) of many civil servants, including at the CIA, will damage the reputation, efficiency and even security of the US and its administration. Some segments of the US economy, like agriculture, that rely on huge swaths of undocumented but law-abiding workers, will have a terrible impact that even Red State farmers start worrying about (perhaps showbiz-announced mass deportations will prove too challenging to implement, thus reducing their bad impact.) Tariffs, that may look strong and good when announced, will result in higher inflation, as already seen, as Americans keep buying foreign goods or businesses need foreign parts to manufacture their own products. It would also appear that Trump wants to reward his extremist supporter groups and fund the protection of Christianity in a country where more than two thirds of its citizens are Christian. And now we know that assaulting the Capitol and killing police officers will be forgiven (if you do it for the current President, of course), putting the basic concepts of right and wrong in serious jeopardy. So far, many executive orders, some at times even breaching the Constitution, have been fought and rejected by the courts, but with time nothing guarantees that judicial power will hold, potentially leading to the gradual replacement of usual Western-type democracy by a Venezuelan model (no tariffs involved). 

These drastic changes are going hand-in-hand with some decisions affecting US foreign policy and its very key interests worldwide. It is clear that there may be a majority of Americans who do not care much about international affairs and are more focused on what matters to them directly at home. America is not alone in this respect even if one could relate this to an educational problem and its costs in “the country of the free”, all the more when too many are living lonely existences and rely only on easy-to-hear social media. Killing USAID is destroying American soft power which had helped the US to assume world leadership since the JFK era. Dealing with Russia on Ukraine without the latter and Europe involved is only temporarily but wrongly strengthening an existentially lost former great power while killing the basic cement of the Western world that is reflected in the historical and cultural bonds between America and Europe. A US-Russia-only dialogue to end the war in Ukraine only strengthens Moscow’s underwhelming position in the conflict and overall geopolitical stance while weakening greatly Europe and the Atlantic Alliance, not to mention Ukraine and its leadership. Anti-corruption regulations will be dismissed making global trade and investments going back to Far West times, stressing again Trump’s inherent “tool” nature. Going after allies – if not friendly neighbours like Canada – by wanting to absorb them or threatening a NATO member by the seizure of Greenland on security reasons combined with mineral resources gains is not exactly what Ronald Reagan or even George W. Bush would have ever dared in terms of American standing, values and principles. The fight against climate change globally seems something from the past while “drill, baby, drill”, has become the White House song of the day, pleasing both the US oil industry and, for once, some allies like Saudi Arabia. And let’s not talk about making Gaza a US-protected if not owned “Riviera” by displacing all its Palestinian residents, news that was received as expected even by some of the most Trump-flexible countries in the region. These developments sadly speak for themselves and do not require complex analytical soul searching to see their craziness.                   

While stating Trump’s decisions and their impact, it is also key to realise how we got there and why. Trump was a very rich kid, inheriting $400 million from his father – quite a social gap with some of his MAGA base – helping him to launch his real estate empire that proved to be very unsuccessful beyond the great Trump Tower-like names, while at times less than financially clean. It is clear that his transactional nature came from his rather unusual business life. And many, like Robert De Niro, rudely but honestly see him as a “jerk” and a “moron” as an individual. He also always enjoyed surrounding himself with shady characters (like the infamous Roy Cohn) or now very “obedient first” individuals, a feature we blatantly see in his current team of under-impressive secretaries like Peter Hegseth, Kristi Noem, Tulsi Gabbard or RFK Jr to name only a few. And his blatantly mixing family business interests with his presidency, as seen with his recent crypto initiative and the roles of his many relatives, is astonishing. Two recent examples speak for themselves: Melania Trump getting $40 million from Amazon’s Bezos, clearly a King’s courtier, for her “memoirs” or the appointment of the ex-convicted felon, father of his son-in-law Jared, as Ambassador to France, that could be a part of a great Hollywood movie script. There is however no doubt that he is a very gifted politician for our showbiz times, who has been a model for many populists in terms of style and messaging. And then, as a new development, Trump is also using the likes of Musk to do his bidding when it is easier, like when reshaping the public sector with a questionable and over-reaching DOGE and its team of subcontracted young tech bros or heavily dealing directly with German or British domestic politics (not that the flexible if not uber-opportunistic JD Vance, who will forever be remembered for his startling “threat from within” speech, did not meet the leader of the extreme right German AfD on the side of the Munich Security Conference, showing that MOs also evolve quite fast under Trump 2.0). 

Many observers of this developing drama feel that the 2026 mid-terms will correct things and see Congress in full control of the Democrats. For this, and in a normal scenario, the Democrats should wake up and think long and hard about their leadership and key programmes. Undocumented immigration, a bad thing which is often linked to cultural identity by its opponents, is never well-managed by liberal democrats the Western world over, given the sensitive feature attached to it, while diversity could also have been more sensibly supported and carried out in schools and businesses. The party also seems to be devoid of truly electable and inspiring leaders (Josh Shapiro needs to be followed) while the Republicans have had too many, even if the more acceptable ones by usual norms may be the likes of a rigid but highly professional Marco Rubio. The problem is that America’s new path does not prevent a constitutional crisis supported by a friendly Supreme Court when mid-terms suddenly become obsolete on the dubious grounds of enhanced efficiency (two years is a short time for any mandate as many, if not all, in the House of Representatives would agree.) Besides this sinister point, two years is enough to dismantle the architecture of US federal power and move away from America’s traditional leadership style with all the features we know. We may find ourselves by 2026 in a world where the US and China are both operating as great powers only, something the latter has worked hard to achieve for decades since Mao, while America nominally stays in the West but only in transactional ways. It is likely to be the next geopolitical picture of our world. Looking at the main great power rivalry to come, the US State Department last week removed the statement America did not support Taiwanese independence, an historical peace preserving stance, but it may simply be a “transactional” move reflecting our new times. 

Russia will keep being Russia, in search of its lost imperial past, combining aggressions when needed and high moral stances on the surface while working with lost states like Iran and North Korea no other key nations really want to deal with. Russia will always be an existential threat for Europe even if the former will increasingly be weak economically but also more dangerous as a result. In many ways, both China and Russia may to some extent be the winners of a short-sighted Trump 2.0 diplomacy as many countries, notably in Africa, Latin America or Asia if not eventually in some parts of Europe may eventually decide to switch strategic allegiance. (in some ways, the real winner of Trump 2.0 may become China if a smart Xi leadership decided to present a friendlier Beijing as a more viable strategic alternative to the US to many potential partners globally, this with Europe also reviewing that game-changing option in some areas.) It is also clear that some rising powers needing a feeling of protection from strong neighbours may also surprisingly adjust to Trump’s new transactional approach as recently seen with Modi’s India in DC regarding both combined trade and defence matters. Europe should see the Trump era also as a needed wake-up call and work on its key nature and especially on its defence in spite of all the natural divisions inherent to its national multiplicity and variety of strategic interests. There is no more excuse to hide behind history and feeling that American protection allows Europe and its nations to focus on the economy only. Defence is now a key feature of European existence, a new fact that many Europeans will have to learn how to live with and accept fully if they wish to survive as Europe or indeed as nations. Perhaps Trump 2.0 will prompt Britain and the EU to get more quickly closer to each other if not reunited at some point even if Trump is likely to work on dividing them by staying softer on London. 

At the very personal level, Trump 2.0 and its massively destructive changes hurt the French-born European I am as it kills what America always stood for in my life and helped me define myself. America was never perfect, but its values and principles helped me grow up as a child, thanks to the likes of John Wayne, Gary Cooper or Kirk Douglas, making me go there in my early twenties to helping me build over a few years who I became personally and professionally. It was a model of the idealised sort, but one that was strong and good. I want it back for all of us and the world. 

As already stated, Europe, while strengthening itself, will have to work with the growing American “opposition”-to-be to recreate the win-win community that is the Transatlantic Alliance based on shared historical and cultural values and principles. While the nightmare goes on, each of us in Europe should work hard with our many friends in America to help re-cementing our great partnership and make it even better. Trump should not last. Common sense needs to prevail.     

With warmest regards,

Serge 

The key damage for America under Trump  

32-1-25

Dear Partners in Thought,

Trump is quickly changing America in terms of foreign policy approach by threatening allies with new isolationist and “America First” strategic and economic policies, in what is seen (at best) as an expression of great power in transactional ways. Trump is clearly seen as no longer focusing on benevolent Western leadership that served his country very well for generations since WW2. In doing so, he risks harming the core interests of his country and citizens, the latter who may feel it when retail prices rise in supermarkets, and through the lack of manpower in key sectors like agriculture via general mass deportations. All while federalism is withdrawing at many funding and regulatory levels, focusing on ideology more than sheer impact. As is often the case in America, money will prevail – if not greed this time – as, while core MAGA voters will be gradually forgotten once key early populist decisions have been announced and potentially implemented, the real winners, probably of a short-term nature, will be Big Tech and the flexible Wall Street crowds. It is also possible that many educated Americans, keen on the old ways of their country, may decide to leave it to live somewhere else, like in Europe, which would remind them of better days. And as times go by and Trump and his team keep undermining institutions, democracy as we know it may gradually vanish, as is the case in rising autocracies still providing the cover of democratic tools that no longer apply. In many odd ways, Trump’s move may make the US closer in style to China and Russia while no longer offering the key differentiation that made America the great country it was.      

While Europeans, who share so much culturally with America, given the ancestry of the majority of its citizens, will feel abandoned by the once great Western leader, these new times may have positive and indeed needed consequences in making Europe more independent and also stronger in defence.  NATO may go on, as it should, even if more focused on transactions with the current White House resident. The decision to stop foreign aid as the leading world provider, mostly focused on the developing world which may save $60bn annually will hurt the relationships and standing of the US globally. One of the consequences of this mega (if not MAGA-induced) change or “aid-quake” will be for some developing countries to find China or even Russia and its few followers, even if harder for the latter, to be tangibly better strategic and tactical partners. 

The major Trump damage will be the destruction of the identity and image of America as the world knew it – especially, but not only, Europe and the West – with values and principles that many took for granted and representing the essence of the indispensable country. Pardoning violent “January 6” insurrectionists will forever set the tone of the start of a new era, also at home. America was never perfect but it led by showing what many countries wanted to see as a largely “civilized” modus operandi and indeed a model for all worldwide. It was also defined by going beyond the great power ways that better defined the Soviet Union or today’s China and that Russia tried to stick to in a quasi-existential move, as it kept declining, with the invasion of another country in 21st century Europe. In many ways Trump and his fast-developed but long-built policies are simply making America just another great power with no specific appeal in terms of values and principles. We may all pay a dear price for it, including and especially America itself.   

While one may hope that the 2026 mid-terms may change the course of events, it is still a feeling based on America functioning as we knew it. Relying on an electoral turning point like this, as we should, may also be the wrong approach as two years may create too much internal damage, even if we see some institutional and judicial resistance, also from some key American states. It is thus far better for the rest of the West – like Europe, Japan and their allies – to focus on being more independent and indeed much stronger in terms of defence and foreign policy – as always wanted by Trump for the former – and play the transactional game wanted by the new imperial President. We need to engage with Trump’s America and find the most productive partnership we can, hoping for the best and indeed a change in Washington at some point, this without being deluded by false hopes. We also need to support strongly those at home that want to restore the old American win-win ways. However, America today is no longer the America we knew. A new Mount McKinley in Alaska and its reminders of forgotten and different times is making Trump’s point in what matters today for the current US executive power.  

Warmest regards

Serge 

On Trump’s geopolitical “strategy” and how Europe should deal with it  

20-1-25

Dear Partners in Thought,

President Trump will always be strange to most rational people, all the more so due to his personality and style, combined with his likely feeling that he is now free to do whatever he wants without the executive and legislative guardrails of his first term. Both his obedience-first core team and all the Republican Senators and Representatives are now backing him without any doubt, reflecting his acumen in having changed the Republican Party and their expected human focus on preserving their own positions. Putting aside unforeseen issues that may have helped a Trump 2.0, such as “woke” and a weak Democratic leadership, America and the world are now in for a very different period of executive power in Washington that history and its books will make us remember for generations.   

The recent outlandish and unsettling Canada, Greenland, Panama Canal and Gulf of America statements we know were there with a potential transactional approach in mind, but also to appeal to the core MAGA base that needs America to be “strong” as they understand it – with benefits hopefully derived from this “long-needed” and “refreshing” approach for them.  Trump may also want to show them that it’s not only campaign-funding Big Tech and their deregulation needs that matter. It was interesting that Trump so far avoided any direct verbal attacks against key European countries. His focus was not totally devoid of a master plan, however dangerous for America and the new world it may foster.   

It is a now confirmed sign that, as expected, the post-Cold War and globalisation world may be changing, with Trump focusing on a narrower but stronger and more manageable core geographic area of American supremacy, also fitting a certain form of isolationism, which could be mostly centred on both Americas, this combined with expected tariff rises and an aggressive self-interest on trade and diplomacy globally. In that approach, he would likely be leaving China more or less in charge, to different extents, throughout Asia – apart from a far too big India – while Taiwan may remain on-and-off an issue of contention. A Trump 2.0 could leave Russia in control of Eurasia and gradually Eastern Europe, with players like Iran or North Korea being useful additions in its existential quest for revival. There is little doubt that both China and Russia will like the new US approach, all the more so given their own respective domestic challenges. Europe (Western and Central) is thus at great risk from a war-flavoured (economically and socially) Russia that may no longer be able to go back to old post-Cold War and globalisation ways. Given a new world that may arise, Europe should thus not rely any more for its security only on the US, whose values and principles (making the American Dream), together with its Western leadership nature, may de facto vanish. 

Trump is seen as a bully by most, even by his admirers who like it, but he could be a “transactional” one, even if this feature may be seen by potentially naïve old-fashioned foreign policy experts. We hear a lot that his “crazy” geopolitical statements, aimed at long-time allies of the US and not at its traditional enemies, are made to gain an edge on specific matters related to the potentially new primary American supremacy zone. In doing so, and while there might be a strange game plan in Trump’s mind that no close adviser will dare challenge, unlike in his first term given the “faithful first” team around him, Trump is not realising all the direct and indirect benefits that America gained since the end of WW2 – and even more so post-Cold War – in acting as the natural and beneficial leader of the West and, for long, most of the world. American leadership brought many benefits, not only politically but economically, also for the US private sector and its naturally globalised corporations. Foreign affairs and globalisation are obviously not topics that easily resonate with its core electoral base, even if it may usually be the case with most electorates in Western democracies for which the economy and their purchasing power matter first. The Trump isolationist or “withdrawing” approach, even if it might give the US a smaller but better focus, would cost America and his electorate dearly. Then the abandonment of the values and principles that made America strong and differentiated globally may also be very costly, as the US may become just another great power with the risk that many in the world might prefer China or Russia after all – this eventually with geopolitical realignments as Moscow and Beijing could also be very transactional, even with Europe. One of the side benefits of this American withdrawal (as we would see it in Europe) may be a much closer relationship with the UK and the EU since “being together” in such dire times would make eminent sense and might not be disrupted by the personal political ambitions of a few. On this latter point, it is amazing to think of the impact of key individuals (even if not really alone) on the world or their region, not to mention own country, thinking about Donald Trump or Boris Johnson.   

Post-election win, Trump has been strangely quiet on matters dealing with Russia or even China, the latter that was his arch-nemesis (arguably with a bipartisan mode) with Taiwan being the semi-conductor heaven and geopolitical sacred ground. Today he is not sure that he would ban China-rooted TikTok in the US, where 170 million people use it, even if the Supreme court, that he had re-engineered years back, was all for it. As for Russia, it is clear that his relationship with Putin matters, probably as he envies his executive style that is likely in his own mind more that of a true leader of a great power, this even if there ever were or not FSB files on his bad behaviour in a Moscow hotel. The statements that he would stop the Ukraine War in one day have not been heard recently, while the emphasis is on his being greatly instrumental in getting a cease-fire agreement between Hamas and Israel thanks to his own envoy, Secretary Blinken’s months of work having just been for show.          

One last point that is worth mentioning is the rise of the “tech industrial complex” oligarchy (or indeed ”broligarchy”) mentioned by Joe Biden in his farewell address. While there has been indeed a rise of an oligarchy that served US interests well at first given its tech focus, it is clear that many of its leaders wish to play a role that go well beyond their business remit. Musk openly exemplifies this mutation with his governmental role in making the US “more efficient” with DOGE, but he is now going well beyond this in promoting extremist political leaders in the UK and Germany while attacking allies on the way they run their own countries. It would be odd for Trump not to have been aware of Musk’s attacks on Starmer or the laudatory exchanges with the new and differentiated female leader of the AfD, this perhaps as it was an easier way to start a new foreign policy approach. We will note that Musk had nothing mean to say about Russia or of course China, which is the location of his largest Tesla factory. It is clear that Big Tech is keen on being close to a winning Trump to ensure his support on deregulation matters at home (see Zuckerberg and his new approach to Meta content), but crucially in relation to the EU where the likes of Commissioner Margrethe Vestager led the fight to regulate Big Tech, admittedly also as it was US-made. And then Peter Thiel, Musk’s Paypal partner and original Facebook funder, writes opinion pieces such as in the Financial Times recently about conspiracy theories and the end of the party of the Ancient Regime, leaving many scratching their heads. And Bezos rescued the Washington Post (notable, given our social media times) though it is not clear what the newspaper may become going forward as some articles have already suggested, even if it stayed neutral during the last election. Not all Big Tech is, of course, personified by individuals who may not be the most principled. Whatever his life style, Bill Gates, the model of what Big Tech should be and focus on, spent three hours with Trump which he found productive and were very acceptable given his historical innovation role (as a potential wink to Bezos, the Gates Foundation just gave $700,000 to the UK Independent Media Group to fund journalism in “under-reported” parts of the world).  

Looking at where we are, and putting aside Trump’s “differentiated” personality, management style and strategy, it is clear that the key word going forward when dealing with Washington will be “transactional”, and that Europe will have to show expertise, cunning and resolve. While we should do our best to engage with the US and keep NATO working, we will need to increase even further our own commitments to defence, hoping our various populations will understand what is at play and is required in terms of funding and organisational changes in this return of History. We can also hope that America wakes up, of course (maybe the 2026 mid-terms?), but this does not change the fact that Europe has been too reliant on Washington for too long, even if the latter wanted to be the august Western leader it indeed was. Defence will now be key and European resolve should be seen through a strong commitment to its own capabilities – as if there were no NATO – while working with it fully. In doing so, all key countries will also need to meaningfully contribute funding and avoid complacency, while no longer hiding behind any historical guilt, to focus more easily on business and economic matters. Those times are behind us.         

Populists of whatever flavour and geography may hurt democracy – as we have seen in recent decades, but especially today. They are now great at combining spectacular showbiz and easy vote-grabbing, as if it were a needed recipe, taking advantage of the always-usual resentment of many that form a core base – this today worryingly amplified with loneliness and social media, especially with younger generations. And then they rarely deliver unless they adjust to reality, like recently in Italy while elections, when they still exist, become a sham like in Venezuela. As a Transatlantic European who believed in, and enjoyed, the “American Dream” I felt hurt by the recent American political developments and their impact on the world, also knowing the past decades had been great for Americans. However, this new populist development in the US had some benefits that perhaps were also needed. In an unexpected turn of events, and even if we should always hope for a return to a globalised world and the Western leadership we knew, Trump’s strange initiative may not help the US, but it could make a much stronger EU (and also Europe) with old friends getting back together anew, all while focusing on the tools of independence like enhanced defence and efficient coordination. All while hoping for America to return to its better ways, then also enjoying the benefits of a better-balanced alliance – this for all involved. Trump is not the America we need – something all my sound American friends would agree with.  

Warmest regards,

Serge

About the potential demise of the world we knew

11–12–24

Dear Partners in Thought, 

Like many, it took me two weeks to be able to watch news from the US, so shocked had I been by the Trump election victory I did not think possible, given the man and his style. I would now like to share my thoughts on why it might have happened and what this drastic development means for America and the world we knew, something we can already see. 

America was first and foremost known since its creation for its values and principles, even if at rare times not always followed by its leaders and key players. Given his personal history, Trump has no clear values nor principles, which he likely sees as too rigid and thus useless features. Trump 2.0 will then likely be the end of the America we all knew, and with dire consequences, especially for the Western world. At best, he will be compared to Andrew Jackson, the Southern Democratic populist of his day and at that time an “outsider”. Another clearly non-liberal Republican like Ronald Reagan would not recognize his own party today or a leader and indeed a twice-elected President like Trump. It is clear that most Republican elected officials did not see the new age that led to the gradual and stark high-jacking of their party since 2015 coming, but they went with it as, like many might, they enjoy their jobs after all. The wild Trump nominations, that stress obvious need for loyalty (if not, in some cases, retribution) far more than any required competence, already speak for themselves. And then we now also have the announced Day One pardon of all those who stormed the U.S. Capitol on January 6, 2021.   

While Trump was to some extent “controlled” by experienced professionals in his first term, it is unlikely he will be in his second, particularly as he clearly found it “annoying”. Hence loyalty first today. Tulsi Gabbard, the choice for Director of National Intelligence, who would oversee 18 intelligence agencies, while a Lieutenant Colonel in the US Army reserve, is also a known pro-Putin individual as shown in her public statements, who also thought Bashar Al-Assad could in no way ever be an enemy of America. Kristi Noem, the Governor of South Dakota and choice for Secretary of Homeland Security, is mostly known for her recent memoirs and her strange killing of her annoying dog, this to expected public uproar. Pete Hegseth, another unknown individual but for his Fox News role, a choice for Secretary of Defense, is a military veteran though also known for his fondness of sexual triangles and a more than serious alcohol consumption style. Kash Patel, the nominee to head the FBI, even if a former federal prosecutor in his younger days, is a QAnon promoter and conspiracy theorist while now being known for his mission to go after Trump’s enemies. Robert F. Kennedy Jr. is definitely a “weird” choice for Health Secretary, based on his own visible state of health and anti-vaccine stances (I often wonder what the great Bob would say). As for Matt Gaetz, the self-withdrawn nominee for Attorney General, he could have created a club with Pete Hegseth while also dealing with substance abuse, making his choice almost a Machiavellian one knowing he would not be approved even by a Republican Senate, this making it easier for other doubtful nominees to be. And on top of this, nepotism unsurprisingly comes in with the future Ambassador to France and the Middle East Special Envoy being both fathers-in law of the Trump daughters Ivanka and Tiffany, the former even being a convicted felon. We had already seen that Lara, his daughter-in-law, had secured the co-chairmanship of the Republican National Committee, ahead of the presidential election. It is hard not to laugh and feel it is part of a Hollywood comic movie. But then it is not a bad dream and shows what a Trump 2.0 will be, even if, sadly, people get used to his ways and too many seem not to mind as time goes by.

Trump 2.0 may be a return to another era where globalization or also peace through trade no longer matters. Generations come and go and history often repeats itself as people in charge have no direct memory. We are moving back to the equivalent of the 1930s where isolationism prevailed with the direct impact we saw, while today is also a withdrawal from a post-Cold War era where nations were more directly involved with each other. This gradual move is often the result of a few personal key agenda-led individuals or spokesmen-leaders, like Trump in America, as the majority of Britons would today agree when having a dispassionate take on the now old and indeed bold Brexit move and its impact. 

How we came to that sad point is worth reviewing. Looking at American history, no President looked like Trump. He is basically a well-known and failed real estate mega-investor, having initially inherited about USD 400m from his father to build an eventually collapsing empire once represented by the Trump Tower. His TV career and “The Apprentice” show helped Trump to salvage his reputation while remaking some of its wealth and eventually considering a new political avenue. He was likely the original populist who made it via elections in 2016. His approach was to gradually focus on the resentments of those who felt that society had not given them a fair deal – a recipe now seen across democracies, all the more in Europe – this even if hugely remote from them socially, something that did not seem to be an issue for anyone. This focus on his core base of resentful voters’ anger did not prevent Trump (at times the curious alliance of interests not really noticed by them) to artfully seek the backing of many Wall Street and Silicon Valley billionaires, who were driven by their needs for less regulations and happy to fund Trump’s campaign to huge levels as Elon Musk and others did. Trump was also naturally helped by the historical rise of social media and their contents with known goals of satisfying what their listeners would want to hear more than providing true unbiased food for thought. The problem with populists like Trump (Meloni In Italy possibly being the only exception today) is that they are usually good at grabbing vote these days but terrible at managing governments, not being really trained or naturally gifted for that role. And then populists are naturally fond of “loyalty first” teams of individuals, as in dictatorships, leading to the kind selected by Trump 2.0 as secretary nominees. 

While quite a few on Wall Street and in Silicon Valley are also flexible in terms of values and principles as long as their interests are preserved, it is also fair to say that all the “common” Trump voters are not devoid of them, even if many beyond the MAGA-hat wearing crowd feel an existential drive fueled by perceived resentment and unfairness combined with an anti-elite sentiment. Some of these voters, especially non-college educated men, even including young ones, did not like where they felt America had been sliding into, this also promoted by quite a few in the Democratic Party. Combined by what they felt as the impact of too much “internationalism” and its societally-induced weaknesses (historically an Anglo-American cultural fear of a quasi-satanic conspiracy dating back from the Reformation) their main anger, which can be understood, may be summed up in one word: “Woke” or an extremist and forced push for what is seen as diversity. Even corporate America is indeed going through times when employees stressing that intelligence and excellence should prevail in role and job selection during corporate meetings can be sent for two months of online diversity education. In some ways, this big trend that started in the late 2010s is the grandson (or grand-daughter!) of the affirmative action where black (sorry – African American) individuals were accepted in top colleges before some Asian students (not white ones yet) with higher grades. Many in the Democratic Party lost sight of the societal impact of woke on sheer American values and principles, mainly focusing on what they perceived as societal fairness the way they saw it. And now, through this excessive approach, they pay a tough price – like we might all do as a result and what it brought us with Trump. While stressing that latter point and somewhat with stupefaction, it is hard to see that Trump was also able to woo many African-American and Asian males, also young, to send him back to the White House, showing the fine actor and persuader he is. Last but not least it would seem, that while many Republican party members were known and kept taking the stage to promote their views, very few Democratic counterparts were seen or even known by the general public, perhaps as President Biden kept the party focus on himself during his term, which can happen with one’s party when being the White House resident.   

The problem we have today is now that Trump is back, his focus cannot be on his show business campaigning ways anymore. His core program combining mass deportation and tariffs, will be highly challenging to put in place, with potentially dire consequences even for his own electorate when they are in the shopping mall or cannot find workers for their crops. As for the world, isolationism often combines economic and diplomatic facets that can only hurt American leadership (assuming it still matters at the White House) as well as the Western world and its multifaceted set of alliances, NATO being only a key one, all the more as we experience new wars and unstable developments globally today.

I hear many complaining that Covid or the July Pennsylvania shooter could have spared the world from a Trump 2.0, which is factually true. However, I would still hope that common sense prevails, also thanks to the hopefully more reasonable and experienced US Senate that should concentrate on true American interests and ensure that our world keeps going without a dire but almost natural return of history if Trump is left unhinged. And in true American tradition, let’s also hope for the best and that the Trump “transactional” approach, that may or not redefine US foreign policy, works for all parties including what we called the West and naturally Europe. In the meantime, risk management is becoming an increasingly key feature if I may say with a wink.  

Warmest regards,

Serge                    

Understanding the roots and results of the last French elections

8-7-24

Dear Partners in Thought,

While I did not want to rush with an Interlude earlier as news was flowing fast, I wanted to cover in depth and very honestly a very key and at times sensitive topic for France, Europe and the world: Where is France today and why? Since he became President in 2017, Macron has remade France to a great extent into a modern country for the 21st century. He reformed employment, leading to 2 million new jobs and 6 million new businesses in seven years, making France a business-friendly country. Inflation was also well-managed. Paris became a hub for tech start-ups and rivaled London as a top financial center, while business taxes were cut along with unproductive wealth taxes. Education was boosted and pensions were reformed. France grew faster than its EU peers and poverty rates were below the EU average. It is possible that those achievements were not felt by the average voter, with European parliamentary elections showing a rejection of Macron’s electoral grouping in ways that were both drastic and surprising. And to be fair, the public deficit expanded to markedly new heights making the overall French economic picture less impressive. This Interlude will try to go through the much deeper roots of these results and explain why France is where it is today while democratic governing is challenging in our times.   

As the Rassemblement National (National Rally or RN), the far-right Eurosceptic party, created the huge dual surprise of finishing first with a 33% stake in the first snap election round but unexpectedly not securing an absolute or even relative majority in the second round, I still wanted to focus on the roots of its increased popularity. I wanted to focus on the RN given the future, as it may keep growing and eventually secure power in France if traditional politics kept failing, however governing is challenging. RN lost today but France did not yet win. France is now going through a chaotic period with no clear path for an obvious government. It is clear that the “republican wall” worked again, even if not ideal for voters who would like to vote “for” rather than “against” a program, while also creating governing issues for France.

The results of the European parliamentary elections in France, often the case for a protest vote, led to Macron’s unexpected and, to some, gamble of dissolving the National Assembly. His decision, leading to snap parliamentary elections, which can be controversial, was made to create a reasonable centrist wall assisted by moderate socialists and center rightists against the RN, whose deep founding roots go back to the Vichy period (some French Waffen SS having even been with Marine Le Pen’s father’s leadership of the Front National or National Front when he created the original party in 1972). Macron’s admittedly bold move was put in jeopardy when various parties on the left, some with little common policies, values or principles, unexpectedly (for many observers and indeed Macron himself) decided to use the far-right and the dissolution as a way of trying to seize power electorally by presenting the Nouveau Front Populaire (New Popular Front or NFP), a tactical and opportunistic gathering established in four days, that could win “only” as it would oppose the RN. In doing so, these far-left and center-left parties decided to recreate the aura and forces led by Léon Blum which were opposed to the rising far-right in 1936. To some extent it was also a more drastic flashback to when the Socialists and then stronger Communists joined forces under candidate Mitterrand to defeat mainstream President Giscard in 1981 under the banner of the Common Program – an experiment that did not work out very well, not even for the French economy, and collapsed two years into Mitterrand’s mandate.     

Before I start, and as some of you may know, I should stress that I grew up in a Gaullist family. In my early twenties, I was part in 1981-1982 of the then young Sarkozy-led national youth leadership team of the RPR (Rassemblement pour la République or National Gathering for the Republic, founded by Jacques Chirac and the then Gaullist party of the day) as Socialist François Mitterrand took over France. My French political involvement stopped then as I opted for an “American Dream”-fueled personal reengineering and spent 35 of the last 40 years outside France, unwittingly becoming an admittedly easy poster child for the hot topic of “immigration.” Since 2017 and his first run at the French presidency I have supported Macron as reflecting the political center or a better balanced, non-extremist approach to politics.  To some critics, Macron embodies a certain French elitism, which I always found should ideally reflect a journey leading the most able individuals to lead a country like France. While I liked the man and never found him that “arrogant” as I often heard – as if a President of the French Republic had to be low key and humble not to irritate the sensitive ones – he certainly made the mistake, not to dissolve the National Assembly, but to forget that political parties, like his own, do still matter. He never really built “En Marche” (Going Forward) and then Renaissance (Renew) as they should have been, leading to a much lower presence and impact in the domestic political scene as if only the Elysée presidential leadership mattered, this possibly reinforcing the arrogant image we know. In other words, Macron, while an effective and sound leader for our challenging times, behaved like a de Gaulle while not really having saved France like “le grand Charles”.  To be fair, his tactical approach in the 2017 presidential elections had been to sell “himself” while marginalizing if not destroying both the erstwhile “parties of government” which were the Socialist and Gaullist parties (the latter by then Les Républicains). He succeeded in marginalizing both politically moderate parties which gave rise to the extremes with the NR and the far-left France Insoumise (Unbowed France) led by former Trotskyist Mélanchon, the latter which is today the core force of the NFP. Some of Les Républicains MPs (including Eric Ciotti, their quite radical, Nice-based, President) joined forces post-European elections with the NR out of sheer existential need, even if losing their political souls and roots – de facto imploding their party. If anything, Macron unwittingly created the electoral rise of the extremes even if he likely never saw the emergence of the incoherent NFP that hurt his bet for centrist Renaissance (or Ensemble, another new name for the elections) to defeat the RN like in 2022, via a republican coalition as the sole option to do so.    

This snap election put the RN in a stronger position in French politics even if it did not secure a relative or absolute majority as many would have clearly expected. It is thus worth understanding how and why such an extremist party was ever on the verge of power in France. There is no doubt that Marine Le Pen, daughter of the true founder of the RN (then Front National before the name was changed in 2018), worked hard over the last decade to make her party less extreme, even if still with a far-right flavor, making it more appealing to a wider electorate. When the original party was founded, it was clearly focused on the arrival of North African workers in the 1970s (mostly Algerians post-1962 independence from France), providing a taint of racism to the program of the then Front National. We are now fifty years later. The changes led by Marine Le Pen to make the party more widely acceptable (even if national identity remains a key RN facet) did not make her party and key members any more competent to manage a country like France but the RN still stuck to a focus on securing votes rather than being a party of government. As for the left wing NFP coalition that was agreed within four days, it put together parties at times with little in common: Socialists, Communists, Ecologists and Far-Left, making for an unlikely government should they ever win an absolute majority in the legislative elections, even always a highly challenging possibility. It is clear, however, that the sudden electoral rise of the RN gave the opportunity for all the disparate left and far-left parties to get together, even if they could never work together, to show a fictitious gathering solely aimed at beating the far-right based on “very broad” republican values and principles but not on policies, especially of the economic kind.       

What we saw in a key election with a very high participation (66.7% and 67.1% in the first and second rounds respectively) was the electoral rise of two largely government-incompetent, if not disparate for the NFP, political groups. The NFP, created opportunistically by leaders with irreconcilable differences, making endless promises to many voters wanting less taxes for themselves and more for the wealthy, more state subsidies, public sector wage increases, an abandonment of the retirement age reform, pension increases or the return of the wealth tax.  Given its absence of serious consideration for its funding and the economic damage to follow, this opportunistic and vote-grabbing program led the French investment and business communities to almost prefer the RN, which they assumed would be more reasonable or indeed manageable should they ever win. Before the first round, polls (later confirmed) unexpectedly showed the NFP with results below those of its constituent parts during the European election, this reflecting its clear lack of internal coherence and reduced overall support. It was very hard, if not impossible, to see such an opportunistic coalition leading to any stable form of government, even if a wall against the hard-right extremism of the day – eventually a winning wall but with its centrist partners.  As for the RN, which led in the polls, the economic program seemed very vague, besides less funding for the EU (though staying in it and keeping the Euro unlike in the past), even if naturally vote-grabbing, its main focus being immigration and linked security, all flavored with an anti-“remote Paris elite” message. The RN made sure to stress policies like forbidding dual nationals in sensitive top public service and government jobs, like in the defense sector (even if some RN officials also mentioned a past French-Moroccan Minister of the Education as a case in point). Another key RN mantra was to restore “order” in society, hence the uniform in schools and addressing teachers with the formal “vous” – proposals which incidentally might appeal to quite a few non-RN voters.

Most neutral observers (if ever possible) focused on economic impact that would see the NFP triggering a capital flight while the RN would create a debt crisis that would not help France’s already high public deficit. Having a prime minister like Jordan Bardella, aged 28 with only a high school degree (even if with the highest marks) – not a fact often stressed as being sensitive – and zero “real” job experience apart from his political engagement at an early age, would be a drastic change for a country that was “managed” since 1945 by very educated (usually highly selective ENA graduates) and experienced individuals on all sides of the mainstream political spectrum. Such a clear and unusual leadership move naturally fit the anti-elite focus of the RN and some of its supporters. Bardella’s surprising statement a few days before the first round, that he would only go to Matignon (the Prime Minister’s office) if the RN obtained an absolute majority, made some wonder about the actual meaning of such a statement as if he might have felt, deep down, that he was unsurprisingly not equipped for the job – indeed a simple reality fact. Focusing on him, it is interesting to see the Taylor Swift impact – without, so far, the amnesia effect we now know happens at or after her concerts – that Bardella (and indeed the “Bardella mania”) can have among young voters who see themselves in him, especially if coming from poor backgrounds and likely without many degrees at hand. This picture would change slightly if looking more closely at Bardella‘s father, amusingly of Franco-Algerian descent, who was a successful entrepreneur while his son went to private Catholic schools, something the RN does not much mention, preferring the tough Seine-Saint Denis suburbs, high rise building, and Italian-emigrated single mother story on offer. With all due respect, Bardella, admittedly very engaging and well-dressed, may be the most recent and successful political case of primarily focusing on grabbing votes regardless of what comes after if winning – including policy implementation and sheer abilities. Such a tactical or indeed marketing approach is not a surprise if studying the challenging struggles of Le Pen’s party to convince voters over decades. The RN found the correct winning and even refreshing “medium” for our times so kudos are rightly deserved in terms of political acumen, this even if not fully winning today.            

It is of course easy for some of us, also given our levels of education and careers, to not understand why some people would back extremist politicians who have no government experience and only offer simple solutions to complex issues in order to get votes. The far-right parties, and their politicians, are usually not government-focused as their aim was always to increase their forever minority electoral stake over the past many decades. I grew up in the 14th arrondissement of Paris where Jean-Marie Le Pen launched his first and forever losing legislative candidature in 1972. Over the years, I would have never thought Marine Le Pen could reach the second round of the presidential election in 2017 and 2022 and be on the verge of Matignon, via Bardella, in 2024. Marine le Pen, while clearly the daughter of her father (she sure can thank him for where she is today, even if she tactically expelled him from the party in 2015 as part of her reengineering drive), eventually saw that the best route to increase her party’s popularity was to make it more acceptable, less autocratic in its program and clearly distant of its fatherly roots. She certainly succeeded, even if the tools are still much election-focused like the selection of a very young and naturally untested Bardella to appeal to new, social media-inspired, generations, who incidentally do not share the memories of WW2 and her father’s party and want a “quick change” to their own fortunes, all the more if many of them have not followed traditional higher educational paths, which they may feel should matter less in these new times.

One has to be fair, as the RN voters and supporters are by and large not “neo-Nazis” or even far-right extremists as we defined it (some historically and ideologically are of course). Many are primarily upset by the immigration slide they felt in their country for decades and the gradual lack of national identity, while a French approach to Woke takes place and the “small ethnic white” is no longer associated with the homeland, also due to globalization, in spite of its history and what was France. Immigration and national identity are the key natural drivers of RN supporters (along with associated security), which are deemed more important and easier to understand than sheer economic matters, even if the RN is still weak in its proposals on this latter key front that could hurt the country very seriously. Contrary to what James Carville famously said in the US elections of 1992, this time “it’s the economy, stupid” does not apply even if it should. Cost of living anxiety is naturally always a French electoral issue as if reflecting the perennial French state of unhappiness about their own social conditions. The RN supporters, however, deeply feel more that “it is about who we are”. Immigration is another name for national identity which is cautiously handled as it can be taken as racism in this context if too carelessly used. It is a very challenging approach, all the more as we know that this national identity drive is directed against core Islamists but also French Muslim nationals (and to some extent, though not as much, black Africans even if the composition of the French football team has had a healthy impact on this sad angle). Many of these immigrants came to France generations ago in the 1970s as France needed to build its roads and bridges, then leading President Giscard to set up the ‘family gathering” program to make it more livable for them. This strategic move led to the development of large non-ethnic French populations usually living in the suburbs of Paris and Lyons if not “taking over” cities like Marseilles in the south of France, closer to Algeria. Today the Muslim population of France (citizens and non-citizens) is the largest one in Europe (some would add akin to its Jewish population, but on a different scale). A side issue has also been the much higher birth rate among these new French at a time when the natives’ own went markedly down over past decades, creating a real issue in France even if following a European if not Western trend. It is clear that the French colonial history explains the strong Arab component of the French population (again, many of them fully-fledged citizens) in many suburbs of these large cities and that integration could never be smooth – even if with hindsight more government focus should have been applied. And then ghettoization clearly took place as the native French did not want “mixity”, this helped by the limited financial resources of these legal immigrants and their families who could not afford key city centers (all these issues often gradually creating “zones of non-law” in the banlieues where the police often do not even enter these days, even if the vast majority of French nationals of Arab and African origin residing in these parts are law-abiding citizens). One of the RN boosters may have been the memories of the suburban riots of the late summer 2023 where thefts and destruction were focused on the very areas where the non-native local population or at times its third French-born generation lived (average age of the culprits: 17 showing the urgent policy needs to deal with the issues at hand). Politically, it is also interesting to see that many of these new French today vote for the far-left France Insoumise party (when not also activists), which is also the leading member of the NFP making it more understanding on immigration issues – and de facto one of its weak points (with higher taxation) for many voters who wonder who they should support today. One of the appealing features of the RN program to its voters is to prevent children born in France from foreign parents from securing the citizenship (a standard practice in the US even today), a feature also linked to the much higher birth rate among non-natives. It should be stressed that, unlike in the US, illegal immigration is not the key issue (even if RN voters would disagree), France not having a serious border or “wall” problem like in the US and not dealing with “unwanted boats” like in Southern Italy. Unlike for Germany, France did not deal with a massive influx of refugees from Syria in the mid-2010s, which Chancellor Merkel largely welcomed out of key needs for workers to develop the German economy (similarly Ukraine did not provide a strong influx of refugees of the type seen in Poland). Liberal democratic and “centrist” governments, especially in Europe, have been notoriously weak in tackling issues like immigration, especially from Africa, so as to ensure that an always challenging integration was well-managed and indeed lived well by their native nationals, usually fearing being too easily accused of sheer racism – and they are paying the price after 50 years of benign neglect. To be fair, many RN voters do not live in the “non-French” suburbs they decry nor do they suffer directly from any aspects of what is an unsuccessful integration, but they see the news (social media not helping either) while the RN exploits them, working efficiently on their desire for “change” in many areas to steer voters away from traditional political parties that ruled France for decades. And it is fair to also realize, quite aside from the hot immigration issue, that a lot of rural French areas feel lost and disenfranchised today, this driving some local voters against a historically centralized France and global Paris elite at a time when large cities keep growing. Change at all levels is therefore the key driver for many French voters, however desperate and gambling in nature it may be. Change was also the more understanding driver in the last British elections after 14 years of Tory “leadership” and a chaotic Brexit experience. Change is also found as a top driver for voters even if governments have an acceptable track record as seen across Western democracies and a cause for concern for Joe Biden when facing an erratic and populist Trump in November, all the more adding to his age and debating performance issues.            

It is a fact that younger generations of voters – many of whom support the RN – do not experience the repulsion felt by older voters regarding the name of Le Pen and its family past (the largest age group of non-RN voters is the 70+ year one, likely as memories of WW2 and Jean-Marie Le Pen stuck more easily). Newer generations comprising young voters do not share the same memories, direct or indirect, of WW2 and its aftermath. It is also fair to say that many RN candidates and now Députés are young, many of them women, very presentable, nice and engaging as seen in the various French TV interviews during the election. In a positive drive, even if politically-motivated, RN elected officials have also been known to bring back old school local politics by getting closer to their residents like in Hénin-Beaumont or Perpignan that were the first large cities to go the RN way. In many ways they provide a clear image break with the historical hard far-right personalities known to an older public but also those seen in recent years. To be fair and true to tradition, a few RN candidates were also unexpectedly found to be legally ineligible, not wanting to debate their opponents, having posted racist and homophobic comments on social media while one lady candidate having to withdraw due to an old Facebook photo of her wearing a Nazi officer cap or another one, nevertheless finishing first, not having been seen on official electoral posters if that were ever possible – this also showing a real internal vetting weakness even if preparation time was scarce. The main problem with RN supporters is that they forget or do not want to see that RN leaders (or even local candidates) are not skilled or experienced to govern and usually poorly trained to deal with the intricacies of economic issues and the implications of politically-motivated policies. It was no surprise to see Bardella, clearly focused on the RN’s economic program pre-first round, to manage the concerns of many, showing reasonableness – read readiness to forget some drastic proposals – flavored with reassuringly old-style political messaging. It is also a fact nobody dwells upon the fact that the French, compared with other nations, are by and large not known to be experts on how the economy works – or not. It is even possible that the simple and easy “the rich will pay” also speaks to the nation’s colorful and engaging Bastille Day roots (even if the RN is not as economically radical voter-focused as the far left given its historical constituency and main natural focus). On the fun side, polls showed one week before the first round that a majority of voters (assumingly RN ones) trusted Marine Le Pen most on the economy – “trust” being the right word as there is no evidence of her knowledge in that field. Time will tell but it was clear that the RN leadership was already backtracking on much of their bold economic program, which today is vastly unfunded, this even if RN voters do not mind and are ready to see what happens, truly hoping for the best and indeed wanting “change”, however still drastic after seven years of Macronism and indeed decades of traditional parties in power. One strange, but expected feature as it is quite French in nature, was the total lack of interest on the part of RN voters in foreign policy issues at a time when geopolitics are back on the front scene of all governments with clear impacts on daily lives of citizens, Ukraine being a case in point. The prospect of WW3 and how to manage or avoid it in a productive way for France and Europe was not a top issue at all, also maybe as the war in Ukraine has been around for quite a long time by now. On the reassuring side and constitutionally, it should be stressed that French foreign and defense policies would still be the remit of the President in the extreme case of a “cohabitation” even if Marine Le Pen would disagree on the latter and budgetary features would be overseen by the government.   

On a side key note, and while foreign policy was not a core electoral issue, it is clear that the massive “October 7” Hamas terrorist attack on Israel deepened an RN “detoxification” effort witnessed over the last decade. Marine Le Pen, while breaking with her father’s party roots, decided to focus on Islamism as the enemy while stressing that her party was not anti-Semitic and now indeed a strong supporter of Israel. This gradual shift led many Jewish voters, including leading personalities, like the renowned 88-year old Nazi hunter Serge Klarsfeld, to declare, to the surprise of many, their support for the RN in these elections. Today nearly 20% of French Jewish voters would vote for the RN, this reinforced by the far-left France Insoumise’s pro-Palestinian positions and keffiyeh-wearing members seen at many protest marches. These reinforced RN changes are also happening as a form of Gaza war anti-Semitism has been on the rise in some quarters in France, home to the largest Jewish population in Europe, this more likely creating confrontations of various types allowing the RN to focus on anti-Islamism (Israeli officials even congratulated the RN for their now very official stance). On a not unexpected note, the renunciation of an always unofficial party anti-Semitism by Marine Le Pen might not have been followed by the core grassroots who still find issues with both local Jewish and Muslim Arab communities, a feature that must make her 96-year old father, convicted for anti-Semitic remarks and hate speech, smile and the topic of family discussions, assuming father and daughter are still on speaking terms (in terms of hate speech, French readers may remember the awful “Monsieur Durafour-crématoire” play on words referring to Nazi concentration camp ovens when addressing a government minister in 1988).                 

The second and final electoral round involved tactical policies of withdrawals agreed between the so-called “republican” parties or indeed election groupings (mainly NFP and Ensemble, Macron’s election grouping) to beat the RN candidate. This approach was at times not uniform as while all NFP candidates, including far-left ones, would step down if having come in the third position in the first round, some Ensemble candidates decided not to withdraw to assist a far-left candidate even part of the NFP, as deemed un-republican, even to beat the RN. And Les Républicains, keeping to their unusual approach, decided not to back officially any other party candidate (de facto meaning not supporting a competing far-left candidate against RN so not following the proposed anti-RN “Republican pact” for the final round but also eventually having their own voters casting their ballots for the RN candidate against the NFP – if indeed wanted by them on a case by case basis). As the second round unfolded, we saw the RN surprisingly missing its expected target while the NFP coalition was securing a relative majority in Parliament, albeit a very small one. It is clearly a major shock and a serious management challenge for the RN as everybody, including them, believed they would finish first (and not third), even if they naturally stress how happy they are about their real but small progress in terms of députés. The Macron group, while finishing second in the election, is still the first “real” or certainly coherent parliamentary group in the National Assembly given the coalition nature of the left to far-left NFP that comprised four major parties and smaller gatherings for these elections. As no party secured an absolute majority of 289 seats, none will not be able to automatically govern France directly for the duration of Macron’s term until 2027 in what is known in French political folklore as “cohabitation”, like the Mitterrand-Chirac duet in 1986 between the President and the winning opposition.  

Things are now unfolding as to how France will be governed, the only certainty being that the country will not enjoy a stable or clear path with a fractured National Assembly providing no clear government, at least as of today. It is possible that a RN-inspired government, would have been far more moderate than many rightly feared, while following the current and previously unexpected Georgia Meloni model in Italy. While Marine Le Pen had started toning down some of RN’s economic proposals before the first voting round, Bardella clearly stated that a RN government would not change French foreign policy directions, including in relation to Ukraine (this in spite of past pro-Russian feelings among the RN leadership and its financing history as seen during the 2017 presidential election). The economic impact of the RN in sole power would have been very strong in terms of public deficits, which are a key French issue these days, also for the EU, even under the deficit-spending Macron leadership. The likely path following a relative majority, whatever its eventual nature, now results from a “hung parliament” (one might wish if being caustic) leading to a caretaker-likely technocratic kind of government à la Mario Draghi, but highly constrained in what it can achieve (without the very Gaullist censure motion known as “Article 49.3” allowing the circumvention of the National Assembly) by the sheer weight of the RN at the legislative Palais Bourbon.      

Assuming that France is not going to be totally frozen in its governance, it is clear that Macron will need to work with a coalition, whether it is a wanted one or not. It is unlikely, if not impossible, that Macron and the incoherent NFP could work together, whatever the latter’s results even if still implying a very small relative majority in a fractured parliament – given its far-left component even if its other more moderate parts still might be open to it. It is clearly unlikely that all members of NFP could work together as the NFP of today in any government. It would also be more possible that a partnership between Macron with the Socialists, Ecologists and some non-RN Républicains could work out. Looking at potential scenarios pre-final election results, a governance driven by some sort of “understanding” with a practical RN could have been an option, had they secured a relative majority – though a distant one if something better for Macron could have been achieved – even if many on both sides would not have been be very happy about this outcome. As mentioned by French political scientists, the competence factor, which is a key issue for the RN, could have been dealt with thanks to experienced “opportunists” (maybe from the center right Les Républicains for those now working with Le Pen) self-servingly interested in an unexpected comeback and top ministerial front roles to rationalize the moderation of the RN and save the day in terms of government and policy management. This most-needed input would have gone with a reversal from the RN (as already seen, pragmatism being naturally their key driver electorally) on the most controversial economic policies formerly on offer like the retirement age reform, while funding would be a major driver in what stays from their program, all the more given the existing public deficit. This dual practical shift and arrangement would have to be managed without losing the RN’s soul and most importantly its voting base so it is very likely that immigration and security policies would have stayed and would have had to be adopted by the new government under the three remaining years of the Macron presidency. One unknown factor given France’s well-known experienced and highly trained top civil servants, traditionally an apolitical corps, is whether they would have been amenable to working alongside such an unusual scheme with and for, even if indirectly, a far-right populist parliamentary leadership with little credibility in terms of sound government experience.          

Time will tell, but Europe and the world need a stable French government, all the more as we go more deeply into the third year of the war in Ukraine while the electorally ignored geopolitical issues and key relation with the EU (that also looks at the high French public deficit) will strongly come back to the fore sooner rather than later. In addition to the likely economic backlash of an RN (or NFP) economic program, if ever fully implemented, would have been the damages done in terms of potential reductions of net EU funding or Brussels’ reactions to excessive Single Market rule-breaking subsidies to French agriculture and businesses. Such bold French moves could also have led to similar stances from member states where the far-right is also increasingly active and ultimately the weakening of the EU. Another RN-led immigration-related management issue would have been the possible infringements of the European Convention on Human Rights. Such French electoral developments could have also possibly created a crisis of the Euro given the large size of the French economy together with highly negative French stock exchange reactions as seen in a telling post-first round preview. And it is not clear, in spite of reassuring words from the RN, whether one of the indirect winners of these elections would not have sat in Moscow. While his civil war comments may have been overstated, there is no doubt that Macron was counting on the next three years to show the French, in a worst-case scenario, how unequipped an RN-led or -inspired government would have been, leading to a defeat of Le Pen in the 2027 presidential election (and twenty years or more back in opposition). Although we should also realize that one historically key problem with far-right parties and leaders is that when they win elections – even if not really the case constitutionally in a potential best RN case scenario – it is often the last time you have one. Assuming new legislative elections were still on the cards as a way to provide France with a more coherent leadership, the earliest one that could be called constitutionally by the President, would be in late June 2025 after twelve months of potential democratic chaos. Obviously, and while it may take some time to get to a sound governmental way forward, we should all hope for historical homegrown Cartesian Reason to prevail – the sooner, the better. 

On a final note, it is useful to note that “vote-grabbing via easy solutions to solve complex issues” (admittedly one of my blog tenets since 2018) as offered by far-right populists is a current trend in our democratic world globally. While these “solutions” would often fail, also as government and management competence are not key features of populists, they reflect two things: i) the need for “change” and trying what was not tried before, even if at times unfounded and out of despair or exasperation and ii) the fact that governing in a democratic context is challenging today as voters want quick results, and are tired of what they see happening or actually not with traditional governments, at times for good reasons. Lastly, it is indeed possible that Macron’s early worst-case scenario feeling, that three years of the RN at or nearly at the top of France would flesh out its shortcomings, is right but it is also risky. As stated but it needs stressing, governing democracies is very challenging today and often electorally loss-making as we see everywhere hence why autocrats (also in essence), once in power, do away with (real) elections and indeed democracy. Having said that, even an illiberal Iran surprised us in the right way with its latest election results. Time will tell for France as the plot is unfolding so let’s keep hoping – and working – for the best.  It certainly could have been worse for France as most polls consistently showed, making pollsters the real unexpected losers of this snap French election.

Warmest regards,

Serge

New Cold Wars (David E. Sanger)

28-6-24

Dear Partners in Thought,

Many of you expected me to give you an Interlude on what is happening in France with the dissolution of the National Assembly by President Macron and the new legislative elections that will take place in the aftermath of the European parliamentary elections. Given the importance of the moment for France and Europe and the constant flow of news, I will send you an interlude right after the final results in the week of 8th July so as to provide a calm explanation of what happened and is to be expected—hoping that the center may still “hold” even if the polls are not reassuring, given the odd electoral set-up that has unfolded.  

I would like now to cover another, admittedly very long, book (hence the extensive Book Note) on our new challenging geopolitical times that naturally focuses on China’s rise and Russia’s invasion, both main features of “New Cold Wars” (“and America’s struggle to defend the West”, a key sub-heading), the latest book from David Sanger, the well-known New York Times journalist and CNN contributor. In doing so I realize that this is yet another book on our current geopolitics, but this author goes deeply into the roots of what is happening today, linking history to our current times. The new cold wars are naturally those dealing with Russia and China in the 2020s. Russia, which was the old Cold War superpower, nemesis of the West gradually slid into irrelevance, leading to an aggressive existential search for a deemed lost glorious past. China, that was irrelevant economically and geopolitically to the West at the beginning of the new century, grew into an aspiring world leader, even if struggling demographically and economically in recent years. The two countries at times aligning their diverging interests against the West, whilst not yet creating an axis, while their respective relationship positions changing from senior to junior would-be partner, this to the likely dismay of Putin. “New Cold Wars” is very detailed and full of personal accounts, each chapter a potential book of its own, but also making for an amazing puzzle with all its pieces put together uniquely describing US foreign policy and its struggles in an increasingly-new era of post-old Cold War 21st century.                  

As I write these lines, and feel the link between past and present (as seen with the return of history), I have to mention the recent D-Day 80th anniversary celebrations in Normandy, where we saw the emotional event combining veterans in their nineties and sometimes older with young men and women in their late teens singing liberation songs. Those young singers were of the same age as that of the veterans who started saving democracy on Omaha Beach and at the Pointe du Hoc in early June 1944. It was the most vivid demonstration of what matters in an amazingly emotional way. It was also a message for those who favor an ill-fated and self-harming isolationism of the 1930s type in America, while reminding us in Europe that Ukraine matters, and existential revanchist powers lost in searching for their imperial past should be fought without question. This picture was all the more relevant when so many populist and far right political parties have increased their positions among European electorates, at times threatening to destroy the social and economic stability of key countries like France, on the back of easy answers to complex issues, vote grabbing initiatives, and a challenging era when many voters have become lost, not helped by the rise of social media and the growing inability to understand what matters in our societies.   

As Sanger stresses, there is no doubt that at the beginning of the new century, and a decade away from the end of the Cold War, there was a clear feeling that a democratic (even if chaotic) Russia, and a rapidly growing China could be part of the Western-led order for everybody’s benefit. It was a time when George W. Bush could see into Putin’s soul and the latter would sing with Oscar ceremony attendees. 9-11 helped the US and Russia get closer, but as terrorism and the war in Iraq consumed the former, the latter showed it would ultimately play its traditional game which was not a peaceful one, as seen with the invasion of Georgia in 2008 and before, in 2007, the massive hacking campaign against Tallinn that we almost forgot. Fiona Hill, who was working at the White House under Trump before being a key critic like many of her former colleagues, had a very thorough take on Putin, stressing his anger at the former Soviet leaders who had destroyed the Russian empire of the Tsars, and could not keep the ill-conceived Soviet Union thriving while destroying the very essence of Russia as a nation.

Sanger stresses the need for the West’s willingness to integrate Russia in its fold, which Putin was seemingly not opposed to in his initial years as trade and globalization were helping. However, Putin felt that the West was not playing a fair game, feeling that Russia was losing its former status, all while NATO was expanding its membership to its very borders. NATO expansion, which was more an integration move focused on former Soviet states and allies than a hostile drive against Russia, became a focal point for Putin, leading eventually to strange statements that NATO was about to invade Russia in early 2022, hence “officially” the reason behind move against Ukraine. As Sanger describes it, the key turn in the Russian-Western dialogue happened at a Munich security conference in the Spring of 2007 where Putin, to the surprise of all attendees, started to voice strongly unheard resentments against a West aiming to marginalize a Russia which was only still heard out of courtesy as it was a nuclear power. We then go through the almost amusing Putin-Medvedev show of switching from President and Prime Minister in 2008-2012 only to get to a time of the first major demonstrations in large Russian cities, leading to a liberal Boris Nemtsov and then (initially controversial) Alexei Navalny taking key opposition roles, only to meet terrible fates later. 

The book is clearly focused on both Russia and China, peppered by Sanger’s personal stories and dealings with key players over the last 30 years. We see Robert Rubin, the Clinton Treasury Secretary and ex-Goldman Sachs leader, who went to Beijing for the first time only in 1997, as China had not been that relevant to the world order or American interests (and indeed Wall Street) before then. It is interesting to see how one man, Zhu Rongji, now forgotten, who was a former Mayor of Shanghai and head of the People’s Bank of China, was the driving force in the late 1990s in the economic and trade opening of China, to the point of marketing key US business leaders across America to ensure they would lobby the Clinton White House and Congress to make sure what we would vividly see then as globalization, or peace through trade and investments. One of the key features of Sanger’s focus on China at the time is that, while the US wanted to integrate it in the global economy (also as it served its own interests) the country already started its hacking and proprietary theft campaigns under the George W. Bush era, well before the start of the 2012 Xi leadership that became known for a more assertive, if not aggressive, approach to bilateral relations and positions on key matters like Taiwan (even before the famed Nancy Pelosi visit in the summer of 2022 that triggered, or actually facilitated, expected self-serving reactions from Beijing looking for strategic contention). Sanger devotes a full chapter about the various phases of the Pelosi visit and its impact, as well as a history of the US-China and US-Taiwan relations, making us remember, as many of us forgot or did not know, that China was only diplomatically recognized as the sole Chinese country by the Carter administration in 1979.    

As Sanger points out, and looking back at Russia since the end of last century, one could be forgiven for seeing Putin suffering from a seven-year itch from Chechnya in 1999-2000, Georgia in 2007, Crimea and Donbas in 2014 and finally the whole of Ukraine in 2022. All while the US and the West did not really see a Russian return to existential imperialism, as shown with how US administrations did not want to re-engage in a fight with Moscow, this until February 2022, also as the main issue in Washington was “China-China-China” and how to contain its fast rise and less than acceptable ways of asserting it. By clearly crossing the line in February 2022 Putin ensured that the West, led by the US even if not at its best of domestic political times, would focus on Moscow again. There was no clear willingness on the part of most of the Obama administration to confront Russia, partly as the Iraq and Afghanistan experiences had left some tough marks, but also as not many thought Putin would ever go further than Crimea, which many in Russia and indeed Crimea felt was Russian. And then there were economic imperatives with Chancellor Merkel leading to the Nord Stream 2 oil pipeline project that would see Germany and Europe getting more energy and as she hoped would ensure a more rational Putin (Germans were always very pragmatic in dealings with Putin’s Russia as shown with Gerhard Schroeder negotiating the Nord Stream 1 agreement and then going to the board of Rosneft as he left his premiership, enjoying “extravagant” remunerations). One of America’s key challenges at the time stressed by Sanger was its inability to shift from an understandably long focus on counter-terrorism and its associated wars in Afghanistan and Iraq post-9-11, to return efficiently to face a mix of direct superpower competition with an ever-rising and aggressive China and an “existentially hostile” Russia as gradually seen from the early 2010s. 

One of the key early mistakes of President Trump and most of his team was to concentrate on trade relations with, and imposing huge tariffs on, China while not seeing Beijing’s core focus on technology and military dominance in Asia and more globally. China was undertaking many aggressive below-the-radar initiatives via its intelligence services that were dismissed by the White House as minor demonstrations of a rising power that was trying harder to exist. The “Trump” section covering his presidency is full of anecdotes, often new ones, showing the man reacting to world events in ways that can be expected. One of the main stories is his dealing with newly elected President Zelensky and his firm belief that Ukraine belongs to Russia with a leader he liked, while Kyiv was responsible for the 2016 interferences in US elections (and not Russia as it will be proved later), which will also ultimately lead to Trump’s first impeachment that will be voted down by all GOP Senators but an ever-righteous Mitt Romney. Sanger describes a chaotic four-year term peppered with never-seen-before presidential behavioral features, even if many Americans feel today that it was a sound economic period compared with that of the current Biden term—even if macro-economic data would suggest otherwise.  Sanger provides many anecdotes regarding the January 6, 2021 storming of the Capitol (including Russian and Chinese comments on the clear weaknesses of American “democracy”) and the unusual lack of institutional willingness on the part of the Trump team to operate a smooth transition with the incoming Biden team (Trump would not even be present at Biden’s inauguration in a locked-down DC, like Andrew Johnson had done for Ulysses Grant 150 years earlier in post-civil war traumatic times). In January 2021 as America was leaving the “differentiated” Trump era and style, the focus was not yet on the hardening of its Southern borders or a return of a new and hotter, multiple, Cold War.                         

While Trump mainly focused on trade short of a new overall strategy with China, the new Biden team, notably with Jake Sullivan (I find excellent), realized quickly that the policy of engagement with Beijing had failed as getting closer to and integrating them in a Western, if not American, rules-based international order would never make them change their political system, economy and foreign policy—even if they had played a tactical game for years as they were getting stronger. Old style engagement with China was de facto over. While not old style “containment”, US policy toward China would then be focused on a “state of clear-eyed coexistence on terms favorable to US interests and values”.  Areas of conflict became clearer, such as technology (we saw recently with TikTok), territorial ambitions, influence campaigns from Latin America to Europe, and naturally Taiwan—but also Hong Kong in a departure from the times of Henry Kissinger and Brent Scowcroft. This reassessment would lead to a new US focus on Asia and strengthening alliances, at times when Europe was no longer the main center of interest, even if Russia was considered always potentially hostile by Trump’s team, if not the man himself.

This drive was combined with a refocus on the American economy and ensuring China was cut off from US technology sources while spying was better checked across American society. The era of full US-Chinese globalization, once described as the “flat world” in terms of manufacturing, was also largely reduced, if not totally over, in what Xi saw as “containment, encirclement and suppression” even if still officially open to working with US firms as seen with the much-heralded visit of US business leaders in Beijing in late April. While the relationship was changing, the Chinese leadership, via its new ambassador to the US in 2021, made sure to stress in an odd way that it was still a “whole-process democracy,” to answer Biden’s reference to authoritarianism, stressing the interdependency with the West, and that it would never lose a cold war made against it—reflecting Beijing’s self-assurance and making Mao proud in his grave.    

As Biden succeeded Trump in the chaotic period we know and even with hopes rising high for better times, a major ransomware attack, targeting the Colonial Pipeline infrastructure and American car drivers, took place in May 2021. While it turned out that the culprit was Russian-based DarkSide and not Russia itself, the US took the right view that Putin was harboring ransomware gangs that were clearly tolerated (and soon encouraged) to act against Western interests. While the Obama administration did not want to trigger clashes over such events, hoping for the best in keeping mending relations, and Trump liked Putin while being focused on Chinese trade, the US under Biden would decide to confront the Kremlin, also gradually feeling that a return to an old imperialistic Russia was on the cards. The Biden team saw a Russia in decline that could take bold steps to reassert itself in the concert of key nations to which it felt it belonged.                      

Another key feature of the book involves the chaotic withdrawal from Afghanistan—likely one of the most tragic and worst US foreign policy moves and Biden’s top foreign policy black mark, negating the promises made to women and girls that the school-forbidding Taliban theocracy would never come back. Most, if not all, key Defense and State officials were against a quick withdrawal from Afghanistan, while Biden wanted to stop an admittedly 20-year costly experiment as America faced other strategic and geopolitical challenges. Sanger devotes a full chapter, full of details, to the unfolding tragedy and what could be seen as the betrayal of those Afghans, many of them left behind, who had assisted America in changing their unstable and corrupt country into a democracy. While the roots of the withdrawal are to be found in the original agreement between Trump and the Taliban (the “departure” being a rare point of agreement between the two Presidents), the actual exit and abandonment of local partners who had worked with US forces was horrific (even if 123,000, mostly Americans, were chaotically evacuated from Kabul Airport in 18 days, showing the unexpected pressure due to the unforeseen quick return of the Taliban). This dark episode gave both China and Russia a perfectly good case to stress America’s ineptitude in foreign affairs, this likely leading to more aggressive stances regarding Taiwan and as we would see shortly, Ukraine. If anything, and while America did not want this end result, it showed it could not be efficiently in control of some of its key strategic and tactical decisions at the time giving rivals and enemies the worst kind of advertising possible as to why America was unreliable as an ally.

As the Afghan withdrawal came to a tragic end, US intelligence services were gathering increasing evidence that an invasion of Ukraine was likely to take place. Sanger depicts the ways that agencies were communicating their findings to the White House and were making an increasingly clear case, as of September 2021, in spite of various mild and broad denials from Moscow. An interesting feature was the debate about making some evidence public and breaking the mantra of intelligence agencies which should only work for the President and his senior team. Interestingly, many reporters including Sanger, some of whom close to the likes of CIA head, Bill Burns, were very cautious about this approach, fully remembering the case made public by the George W. Bush administration regarding the roots of the Iraq war in 2003. The case for the invasion of Ukraine had been made clear as of July 2021 (as Washington was quite busy in Kabul) by Putin himself in his seven-thousands word manifesto “On the Historical Unity of Russians and Ukrainians,” even if many were not sure what this “roadmap” meant at the time.

Another sign was the “partnership without limits” stated by both Putin and Xi during the summer 2021 Beijing Olympics that seemed to point to new times when old rivalries and even limited conflicts would disappear with a new focus against the West. Based on this key episode, that with hindsight made sense after February 2022, Sanger provides a very detailed account of the challenging relationship between Beijing and Moscow in the years since Stalin and Mao, and the gradual change in the senior and junior partnership roles we could see today (on a light note, many later felt that Xi was very keen on avoiding any invasion during the Beijing Olympics, even if Putin must have remained unclear as to what was an obvious move all intelligence agencies were expecting). 

Most of the last third of the book deals, unsurprisingly, with the war in Ukraine. Many interesting points are made, some new for many people. The US had sent four dozen cybersecurity specialists to counter pre-invasion hacking moves from the Russians— showing that the US knew what was coming. While Zelensky had not initially impressed many at home or globally as a born leader, the invasion and his own tenacity in the best role of his career changed minds very quickly, especially as he was determined to stay in Kyiv and lead the fight as the invasion targeted the capital city. The Russians were surprised by the fighting abilities of the Ukrainians in many ways and areas, notably when they could not easily take the Hostomel airport, twenty miles away from Kyiv, which they wanted to use for their early frontline troops, equipment and military hardware. The Russian military showed too-heavily a top-down military machine and command, symptomatic of autocracies, that prevented quick decisions on the battlefield and a weakness in “combined arms operations,” clear facts that nullified all the investments Putin had overseen in securing state-of-the-art military hardware for its forces over recent years.

The unnecessary brutality with which Russia prosecuted the war, with the civilian killings, looting, rapes, missile strikes on apartment buildings and shelters, as well as the deportation of children, strengthened Ukraine’s resolve, giving it a sense of previously unheard-of unity. The Wagner Group and its tested mercenaries, led by Yevgeny Prigozhin, seemed to be the only effective force on the ground— and unsurprisingly the most brutal (on a lighter note and back in 2002 Sanger had seen Prigozhin in another role serving dinner to Putin and Bush on the Neva in what were then new times).  One clear win for Russia was the early hacking of all the Ukrainian telecommunication satellites system known as Viasat, which only Elon Musk and his Starlink system helped restore, initially free of charge. It is clear that the Russian leadership mismanaged its invasion in sheer and basic military terms to the point they would have received an “F” in any war college. Russian forces were deployed too thinly along five major lines of conflict, without supply lines to back the troops, showing that no major combat operation had been envisaged, hoping for a bloodless takeover, believing that most Ukrainians were on their side, thus only requiring a decapitation strike on the Kyiv leadership and installing a local pro-Russian politician (Yevgeniy Murayev) as President.

The invasion, akin to an intelligence or police operation backed by troops that were not supposed to really fight, reflected the Kremlin’s lack of communication with its own military that had not been privy to any real details of the move against Ukraine. However, as size matters, the Russian forces felt they were making progress (clearly not wanting to admit failure), even if slow, in their invasion plans, hoping that the West would keep uninvolved (not a bad assessment in terms of “direct” reaction as we would see) as it had largely done since Crimea in 2014. One of the key lessons learnt by the West was the military ineptitude of the command and control of the Russian forces in spite of their advanced equipment—a frequent feature of autocratic regimes favoring obedience first—leading to huge losses on the battlefield, this even if a motivated Ukraine (trained by NATO since Crimea) could not likely on its own reverse the course of the war. The poor dynamics of the Ukraine invasion also reminded the world why Russian forces experienced so many losses during the course of history as vividly seen in WW2. It is, of course, hard to believe that Putin and his entourage felt that the operation, which should have taken less than a week, was successful in any way.  One wonders about the true feelings about this failed war in the Kremlin two years and four months later. Was it worth it?      

As Sanger stresses, the key aim of Biden was to support Ukraine while stopping short of direct involvement, an approach shared among European partners, even if the stakes were more vivid for them given the geography at stake. Biden apparently grew quite concerned about some leaks that the sinking of the top battleship Moskva in the Black Sea (today hardly a Russian sea) was enabled thanks to US intelligence and technical support, a step drawing the US closer to a state of war with Russia. It was clear that the Biden team spent much time in 2022 between finding a way to support Ukraine while not taunting Putin and get into an undesirable WW3. The nuclear power features of the invasion linked to the Zaporizhzhia nuclear plant seized by Russian forces, and the always-possible use of tactical nuclear weapons, especially if in challenging battlefield posture, added critical features to the way the US and European allies could react, the latter making many wondering how Russia was left with such an arsenal after losing the Cold War. The discussions between Zelensky and the White House over economic and weapons support, the latter that would keep changing gradually to meet Kyiv’s needs, were at times tough and challenging, while domestic politics and a GOP-controlled and Trump-friendly House of Representatives would not help with timing, as seen recently for many months. Sanger also gives a thorough account of the various sanctions hitting the core Putin team, the key oligarchs and the Russian banks that became deprived of access to SWIFT (combined with decisions to end Nord Stream 2 and gradually reduce European oil and gas purchases) while Russia found ways to go around some of them, at times with the assistance of China and other countries like India that needed cheaper oil access, while playing both camps, depending on the matter at hand.     

Sanger’s detailed opus is a work in transition, very much reflecting the world we know. Globalization, and even productive collaboration, as we knew them post-Cold War, seem to be gradually over, with a return to more self-reliance and control of supply chains if not isolationism (one of Trump’s recent ideas—to be checked for accuracy—would be to focus on tariffs while suppressing income tax, showing a combination of new trends linked to cheap populist vote-grabbing). The return of major wars in the heart of Europe and the Middle-East (leading the latter to a resurgence, even if unplanned, of antisemitism), rising tensions in Asia, the prevalence of personal ambitions over rationality (Brexit and then its mismanagement, Netanyahu’s post-dreadful October 7 self-serving horrific drive, Putin’s irrational imperial pursuit, Xi’s unclear master plan), the return of nationalism and populism with its various costly far-left and far-right flavors, added to the gullibility of voters still enjoying democracy, provide us with a dangerous multipolar chessboard at all levels, making it hard to believe in a happy future.  As for the US standpoint, Sanger stresses the new existence of Russia and China—also a possible nuclear power axis in a potentially new and dual Cold War scenario—assisted by Iran and North Korea, all working together on often joint tactical issues putting the West in a dangerous position. All at a time when the nature of US leadership is contested from within with the likes of Republican leader (if not hijacker) Trump and his positions regarding Nato or vote-grabbing protectionism from another age—this leading to a potential implosion of the alliance and the weakening risk of a Russia-threatened Europe that needs to (and will) invest more in defense. As Sanger points out, rejection of US interventionism, which was tainted since Vietnam but also Afghanistan and Iraq, due to its huge costs, mismanagement and ultimate results, is also shared by many Democrats, which explains Obama’s reluctance to “lead” forcefully as the US could have in Syria, but also during the invasion of Crimea in his second term.  One of Sanger’s last chapters is focused on the digital aspects of warfare, a key feature of the battleground in line with all the developments we know in the technological fields like AI. And obviously October 7 and its ensuing developments in Gaza are treated as part of the new geopolitical world we are into and like in Ukraine, seem to have no end in sight.                 

As Secretary of State Anthony Blinken (incidentally my high school neighbor in Paris during our teens in the 1970s) said: “This is not the world we wanted, or were trying to shape, after the Cold War.” While US-focused, Blinken’s statement should resonate with all of us in the West, including of course in Europe, especially today with a major war on our doorstep. Sanger’s book is very long and detailed but worth reading, given its well-balanced approach, and as its author personally dealt with the key protagonists on all sides since the Reagan times. It also provides us with links between past and present and reminds us of key events that we often forgot, and which unfolded always too fast in our complex and challenging world.

Warmest regards,

Serge