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America: The real State of the Union

Trump offers bipartisanship to Congress but attacks senior Democrats. The Secretary of State hints at interventionism but Trump pledges to leave Syria. What is the real state of the union? Here’s the best of this week’s opinion and analysis.

The curious case of the missing wealth taxes
If ability to pay matters, levies on wealth should be as ubiquitous as on income
The speech of a president whose power is draining
Trump has backed himself into a corner on the wall from which there is no escape
The Trump era could last 30 years
But the populist movement is going to need more than electoral success
The US goes to Warsaw to build an anti-Iran coalition
At best, the conference will be a waste of time. At worst, it will be a dangerous provocation
Only the UK leads America in its rush to kakistocracy
Two nations appear to be in competition over which has the least competent leadership
Washington’s consensus is dangerously interventionist
The US does not have the resources to direct the destinies of faraway nations
Trump’s run of energy wins raises the risk of hubris
Oil market has shrugged off US sanctions on Venezuela but calm is always dangerous
Whoever runs the World Bank needs a plan for emerging markets
Developing nations are an important source of strength in the global economy