ARTICLES
Kissinger’s Skilled Eye on China, Then and Now
Nearing age 90 now, Henry Kissinger has set down in a new book his extraordinary challenge four decades ago, when he brought together Mao Tse-tung, the giant of the peasant revolution, with the dedicated anti-Communist,Richard M. Nixon. On China (Penguin…
The Greek Tragedy Is All about Politics Now
Greeks in the streets, as they have been in the tens of thousands almost daily, have brought Europe’s debt crisis to a new and highly volatile stage. Austerity plans are political now, and there’s no stepping back from this truth….
The ‘Arab Spring’ Can Help Cut Defense Spending
If we want to bring our unconscionably wasteful defense spending under control, the place to start is with a fundamentally re-imagined foreign policy that does not require a trillion-dollar military. President Obama’s recent pledge of $2 billion in response to…
Here Comes the Chinese Spring
Social unrest is erupting in China—again. Simmering protests that began in two industrial cities several weeks ago have spread and intensified over the past few days, prompting yet more vigorous displays of force on the part of local governments and…
Merkel’s Bold Rejection of Nuclear Power
The continuing fallout from Japan’s Fukushima nuclear disaster has taken us well beyond disrupted supply chains. Case in point: Chancellor Angela Merkel’s just-announced decision to turn Germany into a nuclear-free economy within a decade. The move by Merkel, who is meeting…
Jobs Crisis: Forget Ideology. Get People Working
Friday’s calamitous jobs report, prefigured by private-sector numbers earlier in the week, brings the Obama administration and Congress to a truth-or-consequences moment. The president has been groping for many months, in perfectly evident frustration, for credible job-creation policies. The Republican-controlled Congress…
India’s Multibillion-Dollar Message to America
India’s recent rejection of bids from two American jet manufacturers for the biggest defense contract in Indian history made minor news in the U.S. The rest of the world paid closer attention because that decision shot down a dozen years…
23 Surprising Insights about Free-Market Capitalism
One of the noted features of economics for the past century or so is its ever-fainter relationship with history. Statistics, method, data-collection, econometrics, modeling, empirical observation – these are the tools and preoccupations of what is to some a grim…
Made in America: Manufacturing Jobs Are Coming Home
The tale of American manufacturing has long been one of woeful decline. Just about a year ago, China replaced the U.S. as the world’s No. 1 maker of things, and that seemed a sure sign that the glory days had…
Sex, BRICS, and PIGS at the IMF
Dominique Strauss–Kahn’s stunning resignation as director of the International Monetary Fund provides Asians and other emerging nations with their best chance yet to break precedent and claim leadership of the IMF. The question is whether these countries are ready to…
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