The US economy has been expanding wildly for two centuries. Are we witnessing the end of growth? Economist Robert Gordon lays out 4 reasons US growth may be slowing, detailing factors like epidemic debt and growing inequality, which could move the US into a period of stasis we can’t innovate our way [...]
Mr. Ferguson explains lucidly that even as we are distracted by “the slanging match that passes for political debate in the United States today,” our country has entered a new era of decline. We have become what Adam Smith called a “stationary state”: a “formerly wealthy country” that has “ceased to grow,” and displays the [...]
What causes rich countries to lose their way? Symptoms of decline are all around us today: slowing growth, crushing debts, increasing inequality, aging populations, antisocial behavior. But what exactly has gone wrong? The answer, Niall Ferguson argues in The Great Degeneration, is that our institutions—the intricate frameworks within which a society can flourish or fail—are [...]
By Robert Kaplan
Everyone loves equality: equality of races, of ethnic groups, of sexual orientations, and so on. The problem is, however, that in geopolitics equality usually does not work very well. For centuries Europe had a rough equality between major states that is often referred to as the balance-of-power system. And that led to [...]
The collapse of regimes like Hosni Mubarak’s in Egypt, which many considered “an exemplar of…durable authoritarianism” was a salient reminder to many that such revolutions are “inherently unpredictable.” Before long some began to speculate that the protest movements might spread to authoritarian states outside the Arab world, including China. [...]
He quoted Jack Kennedy but sounded more like Lyndon Johnson.
In an audacious State of the Union address Tuesday, President Barack
Obama made sweeping proposals to reduce poverty, revive the middle class
and increase taxes on the “well off.” While careful to not declare it
outright, an emboldened second-term president laid out [...]
Xi’s language was unusually direct for a top leader, indicating his seriousness about the problem, but his speech gave few indications of how the party could better police itself, said Jean-Pierre Cabestan, a political scientist at Hong Kong Baptist University.
“He used strong words. It was clearly a warning: ‘We have to do something about [...]
Economists, Military Strategists and Others Warned Us … Long Ago
We’ve known for 2,500 years that prolonged war bankrupts an economy.
At last, an explanation for Wall Street’s disgrace, Bernard Madoff’s Ponzi scheme and other high-society crimes and misdemeanors: A new study published in the Proceedings of that National Academy of Sciences found that wealthier people were more apt to behave unethically than those who had less money.
Scientists at the University of California at Berkeley [...]
… the tyranny of big government is far worse than the sins of free men.
By late 1917, the Bolsheviks overthrew the provisional government in Petrograd (St. Petersburg) and plunged Russia into a three-year civil war. The Bolsheviks’ efforts were not just military. As noted in “The Rise and Fall of the Soviet [...]