Two new books — one condemning the culture of liberal piety embraced by the Nobel Peace Prize, the other detailing the global influence of conservative civil society — underscore the dangers of using Big Ideas to try to save the world. Last week’s decision to award the Nobel peace prize to the European Union only […]
Chen Shin-chi smiles through his dentures and drops down to the dusty floor of a jail cell to do a push up. He looks up at the crowd watching him, smiles again, and flips on his back to perform sit-ups, his body stretching almost the entire length of the three-by-two-meter cell. In 1968, he lived […]
The latest cover of the Economist, the weekly news magazine that likes to call itself a newspaper, featured inequality, which it believes is the new big problem facing the world at large. Belatedly, the world is finally beginning to acknowledge an endemic problem, which is so anecdotally visible in the new India defined by glitzy malls […]
After more than a decade of having American blood spilled in Afghanistan, with nearly six years lost to President George W. Bush’s disastrous indifference, it is time for United States forces to leave Afghanistan on a schedule dictated only by the security of the troops. It should not take more than a year. The United […]
PARISIANS are in a tizz about capitalism. New Yorkers get stressed about sex. In Seoul and San Antonio, Texas, 11,000km apart, citizens fret about the relationship between humans and apes. What goes into school textbooks—and, even more, what is left out—spurs concern and controversy all over the world. And so it should. Few, if any, […]
Federal Reserve Chairman Ben S. Bernanke tried to refute arguments the U.S. central bank’s record stimulus is causing destabilizing flows of capital to emerging-market economies. “It is not at all clear that accommodative policies in advanced economies impose net costs on emerging market economies,” Bernanke said today in prepared remarks for a seminar in Tokyo on the last day of […]
It was an important day for Angola, June 20th, 2006. Amid the diplomatic pomp and handshakes of an official visit, Chinese Premier Wen Jiabao opened the Luanda General Hospital and had his picture taken peering into a microscope surrounded by officials in suits and medics in white smocks. The capital’s General Hospital, a sprawling eighty-thousand […]
Whether or not America‘s politicians can find a way to sidestep the brutal automatic military cuts of sequestration, the era of rising Western spending on weapons and wars is over. That reality increasingly is challenging major arms manufacturers, spurring them to look for new markets, cost cuts and mergers. It is also confronting policymakers with difficult […]
“Potemkin villages,” I scribble onto a scrap of paper for the interpreter, Mr. Kim. “What does that mean?” he asks. “It means that you are just showing us facades here to feign growth and progress, just as the Russian Prince Potemkin once did,” I reply. “You should google it. “That, though, is not an option […]
The first time I met Raghuram Rajan, the Indian economist couldn’t sit still. It was over coffee in Bangkok in November 2008, less than two months after Lehman Brothers Holdings Inc. imploded and almost took the global financial system down with it. Rajan had become a big draw by then, having warned as early as 2005 […]
