The curse of short-termism

Ben Rhodes, How Short-Term Thinking Is Destroying America, NYTimes, August 11, 2025.

The article reviews this and that about Trump's destructive bombast and the Democrats' hapless incredulity. 

It's been a long time coming:  

In the decades after World War II, the Cold War was a disciplining force. Competition with the Soviets compelled both parties to support — or at least accept — initiatives as diverse as the national security state, basic research, higher education, international development and civil rights. Despite partisan differences, there was a long-term consensus around the nation’s purpose.

With the end of the Cold War, politics descended into partisan political combat over seemingly small things — from manufactured scandals to culture wars. This spiral was suspended, briefly, to launch the war on terror — the last major bipartisan effort to remake government to serve a long-term objective, in this case a dubious one: waging a forever war abroad while making much of American life at home more secure.

By the time Barack Obama took office, a destabilizing asymmetry had taken hold. Democrats acquiesced to the war on terror, and Republicans never accepted the legitimacy of reforms like Obamacare or a clean-energy transition. Citizens United v. F.E.C. led to a flood of money in politics, incentivizing the constant courting of donors more intent on preventing government action than encouraging it. The courts were increasingly politicized. The internet-driven fracturing of media rewarded spectacle and conspiracy theory in place of context and cooperation. Since 2010, the only venue for major legislation has been large tax and spending bills that brought vertiginous swings through the first Trump and the Biden administrations.

The second Trump administration has fully normalized the ethos of short-termism. Mr. Trump does have an overarching promise about the future. But it is rooted in what he is destroying, not what he is building.

A pyramid scheme:

Ro Khanna, a Democratic congressman from Silicon Valley, worries that Democrats fail to understand the resonance of this vision. “We see all the destruction,” he told me, “but what we’re not seeing is that for the Trump voter, this is a strategy of reclaiming greatness.”

Precisely because this is correct as a political diagnosis, Democrats must convey how Mr. Trump’s approach is more of a pyramid scheme than a plan. Cuts to research will starve innovation. Tariffs are likely to drive trade to China. Tax cuts will almost certainly widen inequality. Mass deportations predictably divide communities and drive down productivity. The absence of international order risks more war. Deregulation removes our ability to address climate change and A.I. Mr. Trump is trying one last time to squeeze some juice out of a declining empire while passing the costs on to future generations.

Coherent vision:

Democrats must match the sense of crisis many Americans feel. Mr. Khanna summarized concerns that plague far too many Americans: “I don’t see myself in this future” and “What’s going to happen to my kids?” That existential crisis was the reason Mr. Trump was returned to power; his opposition needs to meet it.

This is not about skipping ahead to the fine points of policy proposals; it’s about a coherent vision. Instead of simply defending legacy programs, we should be considering what our social safety net is for. We should attack wealth inequality as an objective and propose solutions for deploying A.I. while protecting the dignity of human work and the vitality of our children. We need to envision a new immigration system, a clean-energy transition that lowers costs for consumers and a federal government that can once again attract young people to meet national challenges. Think of what a new Department of Education or development agency could do. We can no longer cling to a dying postwar era; we need to negotiate a new international order.