Claims

Trump's policies will not solve the economic problems that caused his election; rather, they will likely worsen them or create new instabilities.

US federalism enables competitive policy experimentation (different power grids, regulations), allowing rapid discovery of what works; this is an advantage over EU harmonization and UK centralization, though still slower than directed Gulf initiatives.

Economic privilege is directly associated with political power in capitalist systems because money is the power to command the state in the service of one's projects—those with money can use state enforcement (men with guns putting people in prison) to protect and expand their economic power.

Without a functioning security umbrella, you cannot have a liberal world order because countries will not accept free trade and open markets if they cannot trust in military protection of their interests and trade routes.

Fleenstein doesn't know if the administration's strategy can work but believes they've concluded it's the 'least bad alternative that is politically possible,' and their hope is to sustain it long enough to get reelected, with a follow-up promise to pursue 'sane policies' afterward (which he finds doubtful).