The coronavirus has exposed the failures of the global economic system. Here’s a post-pandemic alternative.
Trump targeted his State of the Union speech at precisely the Rust Belt workers that he’ll need to win reelection in November.
Zero economic growth is the future: better get used to it.
Responding to Islamic extremism with violence is reminiscent of the sorcerer’s apprentice in Fantasia creating more brooms by whacking them with an axe.
The economic situations of the Tunisians who drove the revolution have not improved one bit. Tunisia’s leaders need to intensify their efforts to stimulate economic development, and fast. But how can they do so when they are a little preoccupied setting up an entire government? This is where Washington comes in.
A funny thing happened on the way to hegemony. The very ideology that the United States assumed would defeat all comers has in fact been turned against the United States. Liberal democracy contains within it the very seeds of the American empire’s destruction. Call it blowback, TINA-style.
China’s economy has been growing at a phenomenal pace in recent decades, averaging around 10 percent a year. Few people seemed to worry, therefore, when the Chinese government announced recently that GDP growth in the third quarter of 2011 slowed to “only” 9.1 percent. Almost any country in the world would envy such growth. Yet beneath the continued robust appearances, there are signs that China is heading toward a crash reminiscent of the one that brought down the U.S. economy during 2007-2008.
In the absence of genuine democratic institutions, a set of common economic grievances is galvanizing the Arab Street against a diverse host of unaccountable regimes across the Arab world. However, deep and structural economic problems also characterize much of the Middle East, including non-Arab Iran. Recognizing the depth and gravity of the country’s economic challenges, Iran’s supreme leader Ayatollah Khamanei has declared 2011 as the year of “economic jihad.”
Despite the harm that economists inflicted on the world as proponents of free-market principles, the New York Times’ Nicholas Kristof proposes we let them solve global poverty.
The real story of why American industry moves to China may never be told in the mainstream media.