What Really Matters with Walter Russell Mead The Groyperization of the Right
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Nov 4, 2025 This week highlights the surprising effects of Trump's tariffs, which turned out to be less damaging than expected. The pragmatic nature of the Trump-Xi summit comes under scrutiny, revealing low-key agreements rather than grand resolutions. Bill Gates' shift in climate rhetoric suggests a move away from alarmism. The controversial interview of Nick Fuentes by Tucker Carlson sparks a discussion on the direction of the American right, with calls for a balanced approach to extremism in politics.
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Tariffs Had Friction But Less Damage
- Tariffs introduced large theoretical friction but markets and the U.S. economy absorbed much of the shock.
- Real-world complexity often prevents textbook policies from having predicted effects.
Treasuries Remain The Safe, Liquid Choice
- Global investors keep buying U.S. debt because treasuries offer unmatched liquidity and limited alternatives.
- The dollar's appeal also reflects doubts about eurozone and Chinese options, not just U.S. policy success.
Summit Was A Truce, Not A Peace Treaty
- The Trump-Xi summit produced a tactical truce, not a lasting settlement between rivals.
- Both countries will continue competition while seeking pragmatic areas of mutual benefit.
