How To Build An Autocracy

Calculated outrage is an old political trick, but nobody in the history of American politics has deployed it as aggressively, as repeatedly, or with such success as Donald Trump. If there is harsh law enforcement by the Trump administration, it will benefit the president not to the extent that it quashes unrest, but to the […]

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India’s Got A Reputation Problem

One of the least enviable jobs in the world at the moment has to be that of Indian finance minister. Arun Jaitley will present his fourth annual budget to India’s Parliament on Wednesday amid terrible headwinds — mostly caused by his government’s bewildering and disruptive decision to invalidate 86 percent of India’s currency last November. […]

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How America Lost Its Identity

I learned three things on that evening in Burlington: In the fatherland of capitalism, anger with the elite is so vast that even leftists would rather vote for a narcissist billionaire than a veteran of the political establishment. In a country that values freedom of opinion higher than almost any other country in the world, […]

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Five Economic Lessons From Obama’s Presidency

As he leaves office, Obama’s enormous economic accomplishments are tempered with the recognition of foregone opportunities. Disappointment among certain segments of the population has fueled the politics of anger and social divisions that go well beyond what would be expected and warranted based on actual economic performance. Read Here – Bloomberg

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China’s $5 Trillion Opportunity

China’s labor productivity — output per hour worked — is at 15 percent to 30 percent of the average for countries in the Organization for Economic Cooperation and Development. Raising that productivity is a big potential source of economic growth. But it’s also a potential source of layoffs and uncomfortable societal changes. Read Here – BloombergView

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Why Is China Building A New Silk Road?

There are strong commercial and geopolitical forces at play here, first among which is China’s vast industrial overcapacity – mainly in steel manufacturing and heavy equipment – for which the new trade route would serve as an outlet. As China’s domestic market slows down, opening new trade markets could go a long way towards keeping […]

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What Good Is A United Europe To America?

With less than a month until British citizens vote on whether the U.K. should stay in or leave the European Union, Americans could be forgiven for being preoccupied with their own political dramas. Still, President Obama conspicuously weighed in on the British debate in April, writing in The Daily Telegraph “with the candour of a […]

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