Trump’s Resource Grabs Don’t Add Up

In reality, naked resource grabs explain a lot about Trump’s dizzying foreign policy , perhaps even more so than other explanations that have been proposed . It seems Trump may have reached back even further in time for his guiding light than tariff-happy William McKinley and big-stick imperialist Theodore Roosevelt to the British and Dutch quasi-state mercantilist corporations that introduced much of the world to rapacious capitalism starting in the 17th century. The British and Dutch East India Companies did grab much of the world, usually at gunpoint. At least they got pepper, spices, and tea. All we have here is sulfurous oil and neodymium.

Seeking additional barrels of oil in Venezuela or digging for rare earths in ice-covered Greenland makes no sense from an economic or security point of view. And yet U.S. President Donald Trump persists, even though the costs massively outweigh the benefits.

Seeking additional barrels of oil in Venezuela or digging for rare earths in ice-covered Greenland makes no sense from an economic or security point of view. And yet U.S. President Donald Trump persists, even though the costs massively outweigh the benefits.

In reality, naked resource grabs explain a lot about Trump’s dizzying foreign policy, perhaps even more so than other explanations that have been proposed. It seems Trump may have reached back even further in time for his guiding light than tariff-happy William McKinley and big-stick imperialist Theodore Roosevelt to the British and Dutch quasi-state mercantilist corporations that introduced much of the world to rapacious capitalism starting in the 17th century.