THE FUTILITY OF THE ACADEMY, President Trump, politics affect business. I rarely talk about politics on these pages, even though politics always affect business and business environments. But, frankly, I’ve simply had enough of those who “can’t do, and, therefore, teach” commenting on what the President of the United States should be doing. I’m talking about the university academy, of course – an “auspicious group” (in their own minds) of academics in the nation’s universities.
In a recent WSJ article, Tunku Varadarajan, a fellow at Stanford’s Hoover Institution, takes the “opportunity” to comment “objectively” (read his article with a grain of salt) on Trump’s foreign policies by interviewing Douglas Irwin, – you guessed it – another professor, at Dartmouth College, who has embarked on a tour across the country to . . . you guessed it again: make speeches that comment on Trump’s foreign policy. Needless to say, these two “members of the academy” agree – no surprise here – that Trump knows little about instituting foreign policy – but they do, of course! (That’s why they’ve served as President of the United States – and proven they know how. Oh, wait – they haven’t done that – instead, they’re playing the old academic game of telling folks how it should be done, without ever having proven their theories in action.) One of the esoteric quotes from Irwin: “Trump has escalated the rhetoric on trade to something we’re never see in previous presidents.” Awwww – they’ve almost got it – they’re very close to realizing that Trump was elected to be a President such as none other and that, thus far, he’s following up on that early promise. Another Irwinism: “Mr. Trump may be the first openly protectionist president since [Herbert] Hoover but he never really defines what a ‘better trade deal is.'” (Like any good negotiator.) And, here’s the height of brilliance from this guy – you see why I got out of the Academy several years ago – ? – Irwin says: “It is impossible for every country to run a trade surplus.” Doesn’t it just make one shiver to be in the presence of such brilliance? By the way, I think that’s precisely Trump’s point, or, at least that’s what I’ve construed from what he’s said about the severe trade imbalances of this country – that we, in America, have for far too long endured a huge trade imbalance that works against us, as a country, and against our national interests. Thus, it’s time to even the score a bit and have someone take a turn at deficit imbalances. But enough of the “academy talk” – It’s time for the boys – Irwin and Varadarajan – to go back to the drawing board and try to find a more intellectual argument (they’re going to have to dig deep, between the two of them) to actually prove that President Trump is seriously mistaken with his foreign policies – Does this pair – and others like them – actually believe that Trump acts absolutely alone on these matters? I’ve heard from reliable sources that he consults widely before coming to decisions on important matters. Academics! It’s time to replace them with seasoned managers and economists who operate in the real world – not the ivory towers of the nation.
THE FUTILITY OF THE ACADEMY, President Trump, politics affect business