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Ego-Driven Policies: Trump and Modi's Economic Missteps Impact Citizens

4/12/2025

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Summary

Story summary

Trump's tariffs and Modi's demonetisation reveal the dangers of ego-driven economic policies. Ignoring expert advice, both leaders inflicted pain on vulnerable sectors—Trump's actions threaten a global trade war, while Modi's cash ban shattered India's informal economy. This lack of accountability in democracies results in profound suffering for everyday citizens.

History

Historical Context

Trump's tariffs echo the Smoot-Hawley Tariff Act of 1930, which raised duties and sparked a global trade war. Both policies aimed to protect domestic industries but led to economic downturns and retaliatory measures. History shows that ego-driven tariffs can inflict widespread harm on vulnerable sectors and economies.

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Story summary

Trump's tariffs and Modi's demonetisation reveal the dangers of ego-driven economic policies. Ignoring expert advice, both leaders inflicted pain on vulnerable sectors—Trump's actions threaten a global trade war, while Modi's cash ban shattered India's informal economy. This lack of accountability in democracies results in profound suffering for everyday citizens.

1 / 2