Brian Barrett writes:

Two months into the second Trump administration, the United States is in pure chaos mode. Tens of thousands of workers are fired one week and forcibly rehired the next. Tariffs rise and fall based not on strategy but on one man’s ire. Deportations fly in the face of judicial orders, careening the country toward a constitutional crisis. The only constant is the volatility itself.

On paper, that may be surprising. A central premise of Donald Trump’s appeal is that he is an apex businessman. Same with Elon Musk. The elevator pitch: Through the sheer force of their combined savvy, America will be saved from “bankruptcy”—or worse. There aren’t many Harvard Business School case studies, though, that suggest maximum instability is the path to success.

There’s plenty of Occam’s razor at work here: The US is wobbling wildly because its president and de facto CEO are some combination of self-serving and inept. But in between and among the absurdities, something darker takes shape. Inherent in every chaotic act is a challenge. Every outrage is a test.

In the meantime, the uncertainty has international consequences. Tourism has plummeted, as potential visitors cancel their trips to a country increasingly, openly hostile to noncitizens. Europe is rearming itself in the face of a heightened potential for conflict, as Ukraine becomes the fulcrum on which decades of solidarity between the US and Europe may pivot. Allies have considered sharing less intelligence with their US counterparts, given the Trump administration’s increasingly cozy relationship with Vladimir Putin. [Continue reading…]