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America’s new Age of Empire

Business Standard

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January 10, 2026

United States President Donald Trump has drawn a wave of criticism for his actions in Venezuela, violations of international law, disdain for longstanding norms, and threats against other countries — not least allies like Denmark and Canada.

- JOSEPH E STIGLITZ

America’s new Age of Empire

Around the world, there is a palpable sense of uncertainty and foreboding. But it should already be obvious that things will not end well, neither for the US nor the rest of the world. None of this comes as a surprise to many on the left. We still remember US President Dwight Eisenhower's valedictory warning about the industrial-military complex that had emerged from World War IL It was inevitable that a country whose military spending matched that of the rest of the world combined would eventually use its arms to try to dominate others.

To be sure, military interventions became increasingly unpopular following the American misadventures in Vietnam, Iraq, Afghanistan, and elsewhere. But Mr ‘Trump has never shown much concern for the will of the American people. Since he entered politics (and no doubt earlier), he has considered himself above the law, boasting that he could shoot someone on New York's Fifth Avenue without losing a vote. The January 6, 2021, insurrection at the US Capitol — whose anniversary we have just “celebrated” — showed that he was right. The 2024 election reinforced Mr Trump's hold on the Republican Party, ensuring that it will do nothing to hold him accountable.

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