America is awash in ugly, hateful speech. White nationalists march defiantly, and their slogans are echoed in murderous rampages. Government officials revel in disparaging the very people they patrol. Many people—and I’m one of them—argue that the president’s rhetoric encourages this grotesque and shameful state of affairs even as he nominally condemns it. This has all led to more discussion about free speech and its limits.

What speech should be protected by the First Amendment is open to debate. Americans can, and should, argue about what the law ought to be. That’s what free people do. But while we’re all entitled to our own opinions, we’re not entitled to our own facts, even in 2019. In fact, the First Amendment is broad, robust, aggressively and consistently protected by the Supreme Court, and not subject to the many exceptions and qualifications that commentators seek to graft upon it. The majority of contemptible, bigoted speech is protected.    

On Monday, the Business Roundtable, a group that represents CEOs of big corporations, declared that it had changed its mind about the “purpose of a corporation.” That purpose is no longer to maximize profits for shareholders, but to benefit other “stakeholders” as well, including employees, customers, and citizens.

While the statement is a welcome repudiation of a highly influential but spurious theory of corporate responsibility, this new philosophy will not likely change the way corporations behave. The only way to force corporations to act in the public interest is to subject them to legal regulation.

The shareholder theory is usually credited to Milton Friedman, the University of Chicago economist and Nobel laureate. In a famous 1970 New York Times article, Friedman argued that because the CEO is an “employee” of the shareholders, he or she must act in their interest, which is to give them the highest return possible. Friedman pointed out that if a CEO acts otherwise—let’s say, donates corporate funds to an environmental cause or to an anti-poverty program—the CEO must get those funds from customers (through higher prices), workers (through lower wages), or shareholders (through lower returns). But then the CEO is just imposing a “tax” on other people, and using the funds for a social cause that he or she has no particular expertise in. It would be better to let customers, workers, or investors use that money to make their own charitable contributions if they wish to.

Every morning of my Joe Rogan experience began the same way Joe Rogan begins his: with the mushroom coffee.

It’s a pour-and-stir powder made from lion’s mane and chaga—“two rock-star mushrooms,” according to Joe—and it’s made by a company called Four Sigmatic, a regular advertiser on Joe Rogan’s wildly popular podcast. As a coffee lover, the mere existence of mushroom coffee offends me. (“I’ll have your most delicious thing, made from your least delicious things, please,” a friend said, scornfully.) But it tastes fine, and even better after another cup of actual coffee.

Next, I took several vitamin supplements from a company called Onnit, whose core philosophy is “total human optimization” and whose website sells all kinds of wicked-cool fitness gear—a Darth Vader kettlebell ($199.95); a 50-foot roll of two-and-a-half-inch-thick battle rope ($249.95); a 25-pound quad mace ($147.95), which according to one fitness-equipment site is a weapon dating back to 11th-century Persia. I stuck to the health products, though, because you know how it goes—you buy one quad mace and soon your apartment is filled with them. I stirred a packet of Onnit Gut Health powder into my mushroom coffee, then downed an enormous pair of Alpha Brain pills, filled with nootropics to help with “memory and focus.”

Yesterday, President Donald Trump canceled a meeting with the new Danish prime minister, Mette Frederiksen, because she refuses to discuss the sale of Greenland. Greenland used to be a Danish colony but now belongs to the people of Greenland—the Danish government could not sell the island even if it wanted to. Trump likely did not know that Denmark is one of America’s most reliable allies. Danish troops, for example, fought alongside U.S. forces in Iraq and Afghanistan and suffered 50 fatalities, and Danish forces were among the earliest to join the fight against the Islamic State.

Many Americans may laugh off Trump’s latest outrage, but Trump crossed an important line. It is one thing to float a cockamamie idea that no one believes is serious or will go anywhere. “Let’s buy Greenland!” Yes, very funny. A good distraction from the economy, the failure to deal with white supremacy, White House staff problems, or whatever is the news of the day. It is quite another to use leverage and impose costs on Denmark in pursuit of that goal—and make no mistake, canceling a presidential visit is using leverage and imposing costs. What’s next, refusing to exempt Denmark from various tariffs because it won’t discuss Greenland? Musing on Twitter that America’s defense commitments to Denmark are conditional on the negotiation? Intellectual justifications from Trump-friendly publications, citing previous purchase proposals and noting Greenland’s strategic value and abundance of natural resources? (That last one has already happened.)

In the summer of 1987, I graduated from a public high school in Austin, Texas, and headed northeast to attend Yale. I then spent nearly 15 years studying at various universities—the London School of Economics, the University of Oxford, Harvard, and finally Yale Law School—picking up a string of degrees along the way. Today, I teach at Yale Law, where my students unnervingly resemble my younger self: They are, overwhelmingly, products of professional parents and high-class universities. I pass on to them the advantages that my own teachers bestowed on me. They, and I, owe our prosperity and our caste to meritocracy.

Two decades ago, when I started writing about economic inequality, meritocracy seemed more likely a cure than a cause. Meritocracy’s early advocates championed social mobility. In the 1960s, for instance, Yale President Kingman Brewster brought meritocratic admissions to the university with the express aim of breaking a hereditary elite. Alumni had long believed that their sons had a birthright to follow them to Yale; now prospective students would gain admission based on achievement rather than breeding. Meritocracy—for a time—replaced complacent insiders with talented and hardworking outsiders.

COPENHAGEN—At first there was disbelief, then anger, and then, following a script now familiar to a growing number of nations, Denmark turned, in its attempt to explain the inexplicable, to speculation. After waking yesterday morning to the news that the president of the United States had canceled a state visit that he himself had requested, Danes found themselves moving through the stages of Donald Trump grief.

Trump tweeted early yesterday here, just two weeks before he was to come to Denmark, that the trip was off. “Based on Prime Minister Mette Frederiksen’s comments, that she would have no interest in discussing the purchase of Greenland, I will be postponing our meeting,” he wrote. (His tweet was sent just hours after Carla Sands, the U.S. ambassador to Denmark, tweeted: “Denmark is ready for the POTUS.”)

It’s the nightmare scenario that President Donald Trump’s camp dreads most: an economic downturn that steadily intensifies as the 2020 election nears. What would it mean for Trump if, by the fall of 2020, the jobless rate had doubled, economic growth was hovering at an anemic 1 percent, and, with no end in sight for the trade war with China, the stock market was plunging? A president whose argument for reelection rests on a healthy economy would suddenly find that his rationale has collapsed, right along with voters’ retirement funds.

“Does every presidential campaign worry about a downturn in the second and third quarter of an election year? You bet your ass they do,” said one Trump confidant, who, like some others contacted for this story, spoke on the condition of anonymity in order to discuss the subject candidly.

Brexit isn’t what it used to be. In the months immediately after Britain voted to leave the European Union in 2016, two flavors were on offer—“hard” and “soft.” A soft Brexit generally meant leaving the bloc’s political structures but not its economic ones, such as the single market for goods and services. The hard version meant leaving those, too. Crucially, both versions would see Britain formally agree to a new relationship with the EU.

“In the summer of 2016, everyone was a soft Brexiter, really,” Anand Menon, a professor of European politics and foreign affairs at King’s College London, told me.

Now no one is. The political landscape is polarized. What was once considered “hard” is now denounced by the loudest Brexiteers as a squalid compromise. Instead, “no deal” has become the purest, truest form of Brexit—“No deal is the best deal,” the official account of the Brexit Party, the most doctrinaire of Brexit-supporting groups, recently tweeted.

It was a perfect late-summer evening when President Emmanuel Macron—tanned and super-energized in a dark-blue suit and crisp white shirt—held forth before the Elysée press corps on matters of international import. Posh Paris was largely out of town. Nearby, boulangeries, shops, and the French National Assembly were still closed for the August holiday. Tumbleweeds practically blew down the Boulevard Saint-Germain, its cafés filled with tourists and Instagram influencers.

But Macron had a message to deliver: I’m the last man standing, defender of multilateralism, ice-cool head in a hot and ever warming world.

It wasn’t a new message from him, but one that he felt bears repeating. On Tuesday, Macron met with Russian President Vladimir Putin. Today, he met with British Prime Minister Boris Johnson—perfidious Albion incarnate—and the two clashed over Brexit; he will also meet separately with the Indian leader Narendra Modi and Greece’s Prime Minister Kyriakos Mitsotakis. Then this weekend, Macron will host the G7 summit in Biarritz, at the bend in the Atlantic coast where France meets Spain. A 19th-century seaside resort at the end of the season is a good setting for a relationship in distress. Or many relationships in distress—the European Union, the transatlantic order, the global order.

With tumbling United States stocks, a queasy eurozone market, and decelerating Chinese growth, warnings signs are flashing that the U.S. economy, for all its strengths, may be slipping into a downturn. But some of the president’s opponents are greeting economic jitters with a surprising response: Bring on the recession!

Their thinking goes like this: Trump’s presidency poses a unique threat to the United States and the planet. A recession is a high but necessary price to pay for the quasi-guarantee of his administration’s demise—akin to taking out an insurance policy against Trump’s second term. “We can survive a recession,” the comedian Bill Maher said on his HBO show Real Time. “We’ve had 47 of them. They don’t last forever. You know what lasts forever? Wiping out species!”