Trump sees the world in terms of a zero-sum game. In reality, globalisation, if well managed, is a positive-sum force: America gains if its friends and allies - whether Australia, the E.U., or Mexico - are stronger. But Trump's approach threatens to turn it into a negative-sum game: America will lose, too.
Interpretation
The quote discusses how viewing international relations as a zero-sum game can harm both America and its allies.
Joseph Stiglitz argues that former President Trump's perspective of international relations as a zero-sum game—where any gain for others is a loss for America—contrasts with the reality of globalization, which can lead to mutual gains if managed correctly. He emphasizes that America's strength is inherently linked to the strength of its allies, and that an adversarial approach could lead to detrimental outcomes for all parties involved.
In practice
During a speech about foreign policy, you could reference this quote to illustrate the importance of alliances.
Free migration within Europe means that countries that have done a better job at reducing unemployment will predictably end up with more than their fair share of refugees. Workers in these countries bear the cost in depressed wages and higher unemployment, while employers benefit from cheaper labor.
I don't think we can have democracies that work where most of the people are not benefiting economically, where most of the people are worried about their job security.
Let me put it very forcefully: No large economy has ever recovered from an economic downturn through austerity. It's not going to happen in the United States, and it's not going to happen in Europe.
What separates developing countries from developed countries is as much a gap in knowledge as a gap in resources.
One of the arguments I make for the failure of the euro is that, at the time it was being constructed, there was a 'neo-liberal' ideology which said that all we need to do to make this thing work is to get deficits low, keep inflation low, and take down barriers, and then everything would be fine.
We have a locale-based education system; we have increasing economic segregation. We clearly need a larger federal program to try to help disadvantaged districts.
What is it but a cunningly devised scheme to take from one State and to give to another - to replenish the treasury of some of the States from the pockets of the people of the others; in reality, to make them support the governments and pay the debts of other States as well as their own?
Truly, if you can't cover a five-car pile-up on Route 128, you should not be covering a presidential campaign.
We can't have special interests sitting shotgun. We gotta have middle class families up in front. We don't mind the Republicans joining us. They can come for the ride, but they gotta sit in back.
There are some militarists who say: ‘We are not interested in politics but only in the profession of arms.’ It is vital that these simple-minded militarists be made to realize the relationship that exists between politics and military affairs. Military action is a method used to attain a political goal. While military affairs and political affairs are not identical, it is impossible to isolate one from the other.
The working classes in every country only learn to fight in the course of their struggles...Social democracy...is only the advance guard of the proletariat, a small piece of the total working masses; blood from their blood, and flesh from their flesh. Social democracy seeks and finds the ways, and particular slogans, of the workers' struggle only in the course of the development of this struggle, and gains directions for the way forward through this struggle alone.
In 1984, George Orwell wrote of a world where the only colour to be found was in the propaganda posters. Such is the case in North Korea. Images of Kim Il-sung are depicted in vivid colours. Rays of yellow and orange emanate from his face: he is the sun.
Subscribe for the occasional hand-picked quote. No noise.