Uploaded August 2026 | Updated September 2026, 3 weeks ago
Donald Trump calls himself the ultimate dealmaker. The record says otherwise.
His breakthrough deal to reopen the Strait of Hormuz with Iran collapsed when Iran hardened its position.
His agreement for Hamas to disarm in Gaza fell apart when Israel rejected the precondition.
His domestic nuclear energy deal with Saudi Arabia unravelled after he added a demand about recognising Israel by social media post.
Even fixing the Washington reflecting pool went wrong.
This is not bad luck. It is what happens when someone treats running a country like running a private company. Public administration is not private administration, and markets alone cannot solve national problems, something Trump's own record now proves.
The only major objective he has consistently delivered is tax cuts for the wealthy. Everything else, from foreign policy to migration enforcement, military promotions, and medical support, is descending into chaos, blame-shifting, and reversals, while only around 30% of the country still backs him.
This video argues that Trump's failures are not incidental but structural: they are the product of arch-neoliberalism combined with authoritarian instincts, a combination that now shows up in British politics too, in figures like Nigel Farage and Rupert Lowe. Removing "Trump's politics" is not just an American task. It is a global one.
Take a look at today's poll: youtube.com/post/UgkxUlhJ5GPWugo3zRFaU7MMKp9bACquLefC
00:00 Trump’s Promise to Be the Ultimate Deal Maker
00:51 A Growing Pattern of Failure
01:41 The Iran Negotiations Collapse
02:35 Gaza and the Saudi Arabia Setbacks
03:44 Domestic Projects Descend into Chaos
05:03 Is Trump’s Government Actually Working?
06:16 The Political Economy of Failure
07:23 Why Running a Country Isn’t Running a Business
08:33 The Political Consequences for America
09:42 What Trump’s Failure Means for the UK
10:35 Why Neoliberal Politics Has Reached Its Limits
TRANSCRIPT
A transcript for this video is available at: taxresearch.org.uk
IF YOU WANT TO WRITE TO YOUR MP ABOUT ISSUES IN THIS VIDEO
If you want to write a letter to your MP on the issues raised in this blog post, there is a ChatGPT prompt to assist you in doing so, with full instructions, here. taxresearch.org.uk/Blog/2025/06/20/chatgpt-prompt-for-a-letter-to-your-mp
HOW TO SUPPORT US
Please consider donating: ko-fi.com/taxresearch
ABOUT RICHARD MURPHY
Richard Murphy is Emeritus Professor of Accounting Practice at Sheffield University Management School. He is director of Tax Research LLP and the author of the Funding the Future blog. His best-known book is ‘The Joy of Tax’.
This video was edited by Thomas Murphy.
RICHARD MURPHY ON BLUESKY:
https://bsky.app/profile/richardjmurphy.bsky.social
OR
ON MY BLOG: taxresearch.org.uk/Blog
HIT SUBSCRIBE & GET NOTIFICATIONS
Subscribe and get notified of new videos released.
INTRODUCTION: youtube.com/watch?v=HdHsRPy3060
PLAYLISTS:
The Wealth Series
youtube.com/playlist?list=PLvRueM6wBgobQLeyZYAagFDMjEFTKbhRD
Ecenomics
youtube.com/playlist?list=PLvRueM6wBgob54Gs-fOL-8OAQ-IpduwB4
Britain
youtube.com/playlist?list=PLvRueM6wBgobwTT4ATvJjsf8OO6S7wD10
Tax
youtube.com/playlist?list=PLvRueM6wBgoaMni_12J6ULp3yUJisUZoY
MMT
youtube.com/playlist?list=PLvRueM6wBgoZ6jvRGSW5YXu8qogE6aClX
Money
youtube.com/playlist?list=PLvRueM6wBgoYnLk1c7syTvoIo8bKYUs5m
Climate Change
youtube.com/playlist?list=PLvRueM6wBgob4_wsYaVivWd2WumpPLYwJ
USA
youtube.com/playlist?list=PLvRueM6wBgoYYd3dSyU2Oyl3x7bWJOP7H
Labour
youtube.com/playlist?list=PLvRueM6wBgoa-KhzG-fnjDSg1WROL1zMw
The Trump Administration
youtube.com/playlist?list=PLvRueM6wBgobz41-GLimTho27A3flVWQx
#DonaldTrump #TrumpFailures #USPolitics #WhatelsecanTrumpgetwrong?He'sdeliveringonefailureafteranother
Donald Trump calls himself the ultimate dealmaker. The record says otherwise.
His breakthrough deal to reopen the Strait of Hormuz with Iran collapsed when Iran hardened its position.
His agreement for Hamas to disarm in Gaza fell apart when Israel rejected the precondition.
His domestic nuclear energy deal with Saudi Arabia unravelled after he added a demand about recognising Israel by social media post.
Even fixing the Washington reflecting pool went wrong.
This is not bad luck. It is what happens when someone treats running a country like running a private company. Public administration is not private administration, and markets alone cannot solve national problems, something Trump's own record now proves.
The only major objective he has consistently delivered is tax cuts for the wealthy. Everything else, from foreign policy to migration enforcement, military promotions, and medical support, is descending into chaos, blame-shifting, and reversals, while only around 30% of the country still backs him.
This video argues that Trump's failures are not incidental but structural: they are the product of arch-neoliberalism combined with authoritarian instincts, a combination that now shows up in British politics too, in figures like Nigel Farage and Rupert Lowe. Removing "Trump's politics" is not just an American task. It is a global one.
Take a look at today's poll: youtube.com/post/UgkxUlhJ5GPWugo3zRFaU7MMKp9bACquLefC
00:00 Trump’s Promise to Be the Ultimate Deal Maker
00:51 A Growing Pattern of Failure
01:41 The Iran Negotiations Collapse
02:35 Gaza and the Saudi Arabia Setbacks
03:44 Domestic Projects Descend into Chaos
05:03 Is Trump’s Government Actually Working?
06:16 The Political Economy of Failure
07:23 Why Running a Country Isn’t Running a Business
08:33 The Political Consequences for America
09:42 What Trump’s Failure Means for the UK
10:35 Why Neoliberal Politics Has Reached Its Limits
TRANSCRIPT
A transcript for this video is available at: taxresearch.org.uk
IF YOU WANT TO WRITE TO YOUR MP ABOUT ISSUES IN THIS VIDEO
If you want to write a letter to your MP on the issues raised in this blog post, there is a ChatGPT prompt to assist you in doing so, with full instructions, here. taxresearch.org.uk/Blog/2025/06/20/chatgpt-prompt-for-a-letter-to-your-mp
HOW TO SUPPORT US
Please consider donating: ko-fi.com/taxresearch
ABOUT RICHARD MURPHY
Richard Murphy is Emeritus Professor of Accounting Practice at Sheffield University Management School. He is director of Tax Research LLP and the author of the Funding the Future blog. His best-known book is ‘The Joy of Tax’.
This video was edited by Thomas Murphy.
RICHARD MURPHY ON BLUESKY:
https://bsky.app/profile/richardjmurphy.bsky.social
OR
ON MY BLOG: taxresearch.org.uk/Blog
HIT SUBSCRIBE & GET NOTIFICATIONS
Subscribe and get notified of new videos released.
INTRODUCTION: youtube.com/watch?v=HdHsRPy3060
PLAYLISTS:
The Wealth Series
youtube.com/playlist?list=PLvRueM6wBgobQLeyZYAagFDMjEFTKbhRD
Ecenomics
youtube.com/playlist?list=PLvRueM6wBgob54Gs-fOL-8OAQ-IpduwB4
Britain
youtube.com/playlist?list=PLvRueM6wBgobwTT4ATvJjsf8OO6S7wD10
Tax
youtube.com/playlist?list=PLvRueM6wBgoaMni_12J6ULp3yUJisUZoY
MMT
youtube.com/playlist?list=PLvRueM6wBgoZ6jvRGSW5YXu8qogE6aClX
Money
youtube.com/playlist?list=PLvRueM6wBgoYnLk1c7syTvoIo8bKYUs5m
Climate Change
youtube.com/playlist?list=PLvRueM6wBgob4_wsYaVivWd2WumpPLYwJ
USA
youtube.com/playlist?list=PLvRueM6wBgoYYd3dSyU2Oyl3x7bWJOP7H
Labour
youtube.com/playlist?list=PLvRueM6wBgoa-KhzG-fnjDSg1WROL1zMw
The Trump Administration
youtube.com/playlist?list=PLvRueM6wBgobz41-GLimTho27A3flVWQx
#DonaldTrump #TrumpFailures #USPolitics #WhatelsecanTrumpgetwrong?He'sdeliveringonefailureafteranother
