Fareed Zakaria
👤 SpeakerAppearances Over Time
Podcast Appearances
And the only thing I would point out is,
Trump says the European Union was created to screw the United States.
We basically encouraged the Europeans to come together because we didn't want them to fight wars again.
We thought that they would understand the advantages of commerce, and it worked brilliantly.
But the point you make, John, which is very important, is that the whole MAGA premise
is that the United States has gotten screwed over the last eight years and particularly the last 30 or 40, right?
Here's the data.
About 25 years ago, US and European wages were roughly the same.
Today, US wages are 50% higher than European wages.
About 15 years ago, the Eurozone economy and the US economy were the same size.
Today, the US economy is 70% larger than the Eurozone economy.
If you look at one company, Nvidia, it has a higher market capitalization than the entire German stock exchange.
So it's like, what world are you talking about?
The United States is more dominant today than it has ever been.
We have some issues with inequality and things like that, but those are issues of redistribution.
How do we organize and divide the pie?
but not of prospering.
We've created more wealth.
And we've got the dollar underpinning the world.
So the fundamental, to me, the fascinating thing is that the whole vision is premised on decline, decay, sclerosis.