[calf]

This is all eloquent and game-theoretic, but who is this being said too? Other davos attendees, and it will be the small people who must pay for this shift, through rising prices, worse labor conditions, austerity, etc. His astute observation about competing powers running to the lowest common denominator is intrinsically a property of capitalism.

[kilington]

It's a modern stage, it doesn't really matter who is physically there.

The EU aligned countries would be crazy to let the US set these rules for some temporary maintenance of income. They've all tended to social Democrats and socialist governments and have a better lifestyle than the US at half or 1/4 the GDP. That goes away if they let the US set pure power based rules, then 1/2 the GDP really is being half an American and if being a whole American was so great no one would have voted for Trump.