A Nobel Prize winner has suggested the war with Iran is a turning point for Donald Trump's administration for all the wrong reasons. Paul Krugman believes the presidentA Nobel Prize winner has suggested the war with Iran is a turning point for Donald Trump's administration for all the wrong reasons. Paul Krugman believes the president

Nobel Prize winner says 'bloody shambles' of Iran war raise 'one big question'

2026/03/12 21:02
3 min read
For feedback or concerns regarding this content, please contact us at [email protected]

A Nobel Prize winner has suggested the war with Iran is a turning point for Donald Trump's administration for all the wrong reasons.

Paul Krugman believes the president has fully played his hand in the Middle East and revealed he has intentionally picked incompetent advisors and allies who would rarely, if ever, challenge his actions in office. This, the economist believes, is why Trump has received little pushback from the elites who funded his campaign, and how Trump will continue carrying out this war.

The economist wrote, "Amid the bloody shambles, one big question is, who put The Gang That Couldn’t Think Straight in power? In an immediate sense, Trump was put over the top by low-information voters — defined by G. Elliott Morris as voters who don’t know which party controls Congress.

"But the groundwork for the MAGA takeover was laid well before by the Roberts Supreme Court and by right-wing billionaires that the court enabled.

"There is, however, something that is still puzzling me: To a large extent billionaires bought themselves a government friendly to their interests. Trump and company have granted many items on the tech broligarchy wish list, from tax breaks to deregulation to promotion of crypto and unregulated AI.

"But why the abject incompetence? Couldn’t billionaires find political allies who wouldn’t plunge the country into a potentially disastrous and historically unpopular war without considering the risks?"

Krugman believes the decisions Trump made when picking allies can be broken down into two possible factors. The economist wrote, "One is that no, competent allies weren’t available. Money buys a lot of influence, but to actually take over the U.S. government requires more than money — it requires politicians who are utterly corrupt.

"In his first administration, Trump learned that hiring people who were even modestly competent eventually presented barriers to his authoritarian instincts – for example, his former Vice President Mike Pence. Hence Trump learned that in choosing his political hires the more incompetent, the more venal, the more bigoted, and the more cruel, the better."

There is also the plausible case for Trump to have intentionally selected people whose money makes them uncaring, and that is why they have not meddled with the president's plans in Iran or domestically.

"My second answer is that the vast wealth of tech billionaires has made many of them unconcerned with the little people’s lives — and deeply unpatriotic," Krugman claimed. "If Americans are being brutalized and murdered by rogue ICE agents…well, that’s not their problem."

"If the Justice Department and the FBI are totally subverted and operate as Trump’s enforcers, they know that vindictive, unlawful tactics will never touch their lives. If Republican budget cuts decimate rural hospitals and deprive hundreds of thousands of health insurance…well, they have their own private doctors and clinics.

"If Trump starts an ill-conceived war that doubles the price of oil…well, they can certainly afford the higher gasoline bills for their limousines and yachts. And it won’t be their kids hunkered down in a bunker in the Middle East."

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
Tags:

You May Also Like

Tesla secures SpaceX stake through xAI merger ahead of IPO

Tesla secures SpaceX stake through xAI merger ahead of IPO

The post Tesla secures SpaceX stake through xAI merger ahead of IPO appeared on BitcoinEthereumNews.com. Tesla has received regulatory clearance to convert its
Share
BitcoinEthereumNews2026/03/13 03:32
Trump’s plan to defy the Supreme Court has survived over 3,600 legal challenges

Trump’s plan to defy the Supreme Court has survived over 3,600 legal challenges

President Donald Trump’s attempt to circumvent the Supreme Court’s ruling overturning his tariffs through a different legal method may actually work, according
Share
Alternet2026/03/13 03:09
How to earn from cloud mining: IeByte’s upgraded auto-cloud mining platform unlocks genuine passive earnings

How to earn from cloud mining: IeByte’s upgraded auto-cloud mining platform unlocks genuine passive earnings

The post How to earn from cloud mining: IeByte’s upgraded auto-cloud mining platform unlocks genuine passive earnings appeared on BitcoinEthereumNews.com. contributor Posted: September 17, 2025 As digital assets continue to reshape global finance, cloud mining has become one of the most effective ways for investors to generate stable passive income. Addressing the growing demand for simplicity, security, and profitability, IeByte has officially upgraded its fully automated cloud mining platform, empowering both beginners and experienced investors to earn Bitcoin, Dogecoin, and other mainstream cryptocurrencies without the need for hardware or technical expertise. Why cloud mining in 2025? Traditional crypto mining requires expensive hardware, high electricity costs, and constant maintenance. In 2025, with blockchain networks becoming more competitive, these barriers have grown even higher. Cloud mining solves this by allowing users to lease professional mining power remotely, eliminating the upfront costs and complexity. IeByte stands at the forefront of this transformation, offering investors a transparent and seamless path to daily earnings. IeByte’s upgraded auto-cloud mining platform With its latest upgrade, IeByte introduces: Full Automation: Mining contracts can be activated in just one click, with all processes handled by IeByte’s servers. Enhanced Security: Bank-grade encryption, cold wallets, and real-time monitoring protect every transaction. Scalable Options: From starter packages to high-level investment contracts, investors can choose the plan that matches their goals. Global Reach: Already trusted by users in over 100 countries. Mining contracts for 2025 IeByte offers a wide range of contracts tailored for every investor level. From entry-level plans with daily returns to premium high-yield packages, the platform ensures maximum accessibility. Contract Type Duration Price Daily Reward Total Earnings (Principal + Profit) Starter Contract 1 Day $200 $6 $200 + $6 + $10 bonus Bronze Basic Contract 2 Days $500 $13.5 $500 + $27 Bronze Basic Contract 3 Days $1,200 $36 $1,200 + $108 Silver Advanced Contract 1 Day $5,000 $175 $5,000 + $175 Silver Advanced Contract 2 Days $8,000 $320 $8,000 + $640 Silver…
Share
BitcoinEthereumNews2025/09/17 23:48