Who must pay for war with Trump?

Donald Trump has declared a trade war on Europe, and he might still be threatening physical conflict over Greenland and Canada. That forces a question most politicians will dodge: how do we pay for a war economy, even if no shots are fired?

John Maynard Keynes tackled exactly this issue in 1940. He argued that the real constraint is not money. The real constraints are resources, inflation, and fairness.

In this video, I explain why Keynes believed wartime sacrifice is unavoidable, why inflation is a political danger, and why the burden must fall most heavily on those best able to carry it, who are the wealthy, through taxation, organised saving, and controlled interest rates.

We are entering an era in which resilience matters more than market efficiency. The neoliberal model cannot survive this transition.