onsdag 9 april 2025

Will Trump Get Nobel Prize in both Peace and Economics?

In his election campaign Donald Trump promised the World to end US wars and bring never before seen economic prosperity to the working class, all in careful planning to get the Nobel Prize in both Peace and Economy, never seen before.

But after taking office Trump has reversed these policies into new US wars to boost war industry and the rich while delivering economic ruin to the working class. 

Trumps trade tariffs aim at bringing production of goods back to the US, for example jogging shoes to replace those now efficiently produced in Vietnam. 

This connects to the experience of my grandfather Edwin Johnson, who 18 years old emigrated to the US in 1888 with a three-year basic schooling, to start his working life making rubber boots in a factory in Millville Mass, up to 12 a day for 12 dollars. But Edwin had ambitions and evolved to become a respected engineer at General Electric inventing the famous "Johnson Breaker", to be recruited back to Sweden in 1908 by Sigfrid Edström the director of ASEA/ABB 1903-33, and then starting his own business in Gothenburg competing with ASEA. 

The rubber boot factory in Millville will now get a new start under the Trump tariffs as if that will bring prosperity to the US working class. Edwin would have said today that this is not a very good idea and that this would not be worth a Nobel Prize in Economics. Nor would starting new wars give a Peace Prize.

But wait: Obama got the Nobel Peace Prize and then started the US proxy war against Russia in Ukraine, and so the Norwegian Nobel Committee may well consider giving the Prize to Trump for finishing off the war by defeating Russia. And maybe the Swedish State Bank Nobel Prize in Economy will find Trump a worthy candidate for reinventing the so successful US trade tariff system 1861 - 1933 to give the West back its role as Leader of the World to a degree never seen before.

PS Later today Trump gave up his grand idea to change World economy by tariffs in a grand flash of intuition saving the World from economic catastrophe, which after all could be worthy of the Prize in Economy. Will a corresponding U-turn from war to peace appear in a flash of insight?

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