The worst is yet to come.
We already know that the Trump administration plans to deregulate markets, wage all-out war on “radical Islamic terrorism,” trash climate science and unleash a fossil-fuel frenzy. It’s a vision that can be counted on to generate a tsunami of crises and shocks: economic shocks, as market bubbles burst; security shocks, as blowback from foreign belligerence comes home; weather shocks, as our climate is further destabilized; and industrial shocks, as oil pipelines spill and rigs collapse, which they tend to do, especially when enjoying light-touch regulation.
All this is dangerous enough. What’s even worse is the way the Trump administration can be counted on to exploit these shocks politically and economically.
Speculation is unnecessary. All that’s required is a little knowledge of recent history. Ten years ago, I published “The Shock Doctrine,” a history of the ways in which crises have…
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