Whose Economy Will Trump Take Aim at Next?

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Donald Trump appears to be on a mission to either destroy or damage the economies of China, Iran, Russia, and Turkey. I assume he’s thinking that this is all a zero-sum game, and if they do badly the United States will do great. This is, needless to say, not the case. The 1997 financial crisis started in Asia. The 1998 financial crisis started in Russia. The 1995 peso crisis started in Mexico and, luckily, stayed there because the United States intervened to help out. The 2008 crash, of course, started in the United States and then spread to Europe, China, and everywhere else. Even little Iceland played an unusual starring role.

So what country will spark off the next big global financial crisis? It doesn’t necessarily have to be a big one. It just has to be in the wrong place at the wrong time. Turkey? Iran? Post-Brexit Britain? Russia? China? The Philippines? Greece? Who knows? It could be any of them.

And what if the United States doesn’t intervene to help out, but instead stands on the sidelines with its president tweeting that they’re just getting what they deserve? That’s never happened before. But it would probably be bad, wouldn’t it?

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SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

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