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Greenland: Trump’s Folly | Mises Institute

by Connor O'Keeffe
January 21, 2026
in Finance
Reading Time: 4 mins read
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In latest weeks, President Trump has been getting extra vocal about his intention to deliver the semiautonomous Danish territory of Greenland beneath the management of the American federal authorities. A gathering was held final Wednesday between officers from the US, Greenland, and Denmark that, in keeping with the Danish overseas minister, didn’t transfer the dispute any nearer to a decision. Since then, Trump has been repeatedly signaling that he’s keen to ship American troops in to take it by drive if the Danish authorities doesn’t agree handy it over peacefully.

These feedback have prompted a whole lot of confusion and angst amongst European governments—lots of whom have despatched small navy contingents to Greenland, not likely as a present of drive as a lot as a sign of disapproval. Within the US, these feedback have kicked off a debate concerning the strategic advantages of Washington controlling Greenland, each when it comes to its place within the Arctic Circle and its stockpile of so-called uncommon earth minerals.

However the reality that there’s a debate over this in any respect is ridiculous.

Even from the angle of those that wish to keep and even develop America’s world empire, bringing the territory of Greenland beneath Washington’s direct management isn’t strategically essential. Together with the navy, it’s a system of abroad bases—not overseas territories—that enables the American authorities to exert a lot navy energy across the globe. Greenland is a part of this broader system. The US already has intensive navy property on the island—primarily at Pituffik House Base. And, as a result of the Kingdom of Denmark has been a pleasant NATO ally, Washington already has the power to develop its navy presence if it deems that essential.

In fact, as Copenhagen grows extra annoyed with Trump’s feedback about taking their territory, Trump might have unnecessarily put this setup in danger. However there may be already a fairly sizable consensus amongst American nationwide safety students that the US is already reaching its strategic targets in Greenland.

There’s additionally no real worry—even from probably the most hawkish overseas policy-focused assume tanks in Washington—that there’s a severe and imminent danger that Greenland will fall beneath Chinese language or Russian management if the present setup continues.

All of the strategic and geopolitical rationales Trump is citing usually are not precise causes for buying Greenland; they’re excuses meant to justify a coverage he needs for various causes.

The identical goes for Greenland’s uncommon earths. Whereas the island does have deposits of uncommon earth minerals, it’s not an exceptionally resource-rich territory. To begin with, a whole lot of advocates of a Greenland takeover wish to lump in way more widespread minerals like copper to make the island’s deposits appear lots larger than they’re. However even setting that apart, Greenland’s minerals usually are not simply accessible. Many of the land is roofed by thick ice sheets year-round. Launching mining operations in Greenland can be very costly. Within the scheme of uncommon earth mining environments, it’s actually nothing particular.

As Mises identified in his e book All-powerful Authorities, the “uncooked supplies” of a overseas territory are a standard rationale that authorities’s use to justify the bare expansionism they wish to perform anyway. That’s all that’s occurring right here. Trump needs Greenland to fulfill his rising obsession with increasing the territory of the US.

This isn’t a brand new curiosity. Trump explored buying Greenland in his first time period. However he’s gotten extra direct about it on this second time period—going so far as to say, outright, in his inaugural deal with that he needs to supervise territorial growth. He hung a portray of President James Okay. Polk in his workplace and mentioned it was as a result of he admired how Polk doubled the scale of the US by way of his conflict of conquest in opposition to Mexico. He’s additionally informed reporters straight that he’s struck by how “huge” Greenland is on the world map and desires it to be a part of the US.

The president’s latest rhetorical escalation on this entrance appears to be the results of Trump first feeling emboldened by his profitable operation to seize Venezuela’s President Maduro and, extra lately, his frustration with the reportedly last-minute cancellation of the collection of strikes he had deliberate to hold out on the Iranian regime. That’s why he’s at present making a whole lot of noise about Greenland—as will be seen in his bizarrely emotional letter about it to the Prime Minister of Norway.

However, zooming out, that is nearly feeding Trump’s ego. He needs to cement his legacy. That’s the one actual cause for all this. There’s not even an enormous group of particular pursuits that stand to profit, like there often is when a coverage occurs to get a whole lot of traction. Mining corporations would possibly make some cash, however once more, Greenland isn’t an exceptionally profitable prospect. Weapons corporations would, after all, profit from any buildup of navy infrastructure, however as soon as once more, the US doesn’t have to personal Greenland to try this.

There are additionally, bizarrely, some tech billionaires who apparently wish to create some form of libertarian “freedom metropolis” on Greenland, just like China’s “particular financial zones”—with minimal laws. However that doesn’t essentially require US possession both. And, actually, it’d be lots higher if those self same folks invested all that money and time within the ongoing effort to result in these free market circumstances right here in the US, the place it’s going to really profit Individuals straight.

As a substitute, if Trump goes by way of with this Greenland acquisition, we Individuals will simply be pressured to bankroll one other extremely costly authorities program that gained’t make life any higher for us. The estimated price of buying the territory peacefully is $700 billion. All, on the finish of the day, to make Trump really feel vital.

There shouldn’t even be a debate over this absurd coverage. The advantages are faux for almost everybody however Trump. However the prices can be actual and appreciable. And, it’s vital to notice, even when that cost-benefit calculation have been completely different, the US authorities doesn’t have the precise to do that. The folks of Greenland don’t wish to be dominated by the US and even by Denmark.

Trump’s ego clearly calls for fixed gratification. However we shouldn’t settle for one other huge spending improve—and violate the rights of yet one more overseas inhabitants—simply to fulfill it.



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Tags: FollyGreenlandInstituteMisesTrumps
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