Trump’s refugee and Muslim ban isn’t just morally wrong, it’s also bad for the economy

Refugees are a tiny proportion of the U.S. population — some 3.3 million have been admitted since 1975 — but they have had an outsized impact. Google co-founder Sergey Brin was a child refugee from the Soviet Union; Google’s parent company, Alphabet, is now America’s second-most valuable firm, with a market capitalization of $553 billion. WhatsApp co-founder Jan Koum and PayPal co-founder Max Levchin were refugees from Ukraine. The late Andy Grove, who helped start and was later CEO of Intel, fled from communist Hungary. So, too, did hedge-fund manager and philanthropist George Soros; Thomas Peterffy, the founder of Interactive Brokers Group; and Steven Udvar-Hazy, the founder of Air Lease Corp.

People originating from the seven countries on Trump’s blacklist already have contributed a lot to America. eBay was founded by an Iranian-American, Pierre Omidyar. Its market capitalization of $36.1 billion dwarfs the value of Trump’s unlisted business holdings, while Omidyar’s self-made $8.2 billion fortune is more than twice as big as Trump’s partly inherited one. Oracle Corp., a software giant worth $162.2 billion, was co-founded by the late Bob Miner, who was also Iranian-American. While the communities from the other countries are much smaller and generally more recent, one notable Somali-American is author and activist Ayaan Hirsi Ali, an outspoken critic of both Islamic extremism and Trump’s anti-Muslim policies.

Read my piece for Foreign Policy

Trump’s New World Disorder

So much for the end of history. Twenty-seven years to the day after the fall of the Berlin Wall heralded the collapse of communism in Europe, Donald Trump’s election as US president endangers the liberal international order that his wiser, broader-minded predecessors crafted.

Trump’s “America First,” anti-“globalist” agenda threatens protectionist trade wars, a worldwide “clash of civilizations,” the peace in Europe and East Asia, and further violence in the Middle East. His nativist and authoritarian views also undermine the shared values, faith in liberal democracy, and assumption of benign American hegemony on which the rules-based international system depends. Already in relative decline, the United States is now poised for an angry retreat from the world.

Read my latest column for Project Syndicate.