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    Beijing Wants to Rewrite the Global Rulebook

    It should be apparent to most observers of international relations that the Chinese government wants the world to play by its own set of rules. Beijing appears to believe that China’s rise and its assumption of global leadership positions are an inevitable extension of earlier periods in its history, when it was the world’s most […] More

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    Trump’s Great Disentanglement From China

    Economists like to think of the wreckage caused by stock market downturns, widespread bankruptcies and corporate downsizing as “creative destruction.” As it destroys the old and the dysfunctional, the capitalist system continually spurs innovation, much as a forest fire prepares the ground for new growth. Or so the representatives of the dismal science argue. Donald […] More

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    What Will Post-Pandemic Economics Look Like?

    You pay little attention to the systems of your body — circulatory, digestive, pulmonary — unless something goes wrong. These automatic systems ordinarily go about their business, like unseen clockwork, while you think about a vexing problem at work, drink your morning cup of coffee, walk up and down the stairs and head out to […] More

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    Jeff Bezos to the Planet’s Rescue

    Jeff Bezos has apparently realized that for his customers to retain the level of disposable income required to ensure their continued capacity to order goods from Amazon, their survival might be a critical factor. Not everyone can spend $165 million on a residence that will never suffer from a lack of water or be threatened […] More

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    Donald Trump and Elon Musk Invent the Wheel

    No one can claim that US president Donald Trump lacks empathy for at least some of the downtrodden. Interviewed by CNBC at the World Economic Forum in Davos, Trump responded to a question about Elon Musk. Given all that Musk has been through in recent times, Trump acknowledges that the poor fellow deserves the pity […] More

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    The Countries Addicted to Coal

    Scott Morrison is the prime minister of Australia. Over the past few months, parts of his country have gone up in flames. Hundreds of homes have been lost in widespread bushfires, and a number of Australians have lost their lives in the inferno. Apparently, the catastrophe at home did not trouble the prime minister. He spent his vacation […] More

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    Is 2020 the Year for America?

    The year 2019 has ended. Traditions abound to celebrate the coming of a new year, and this time around a new decade. There seems to be some notion that celebrating the coming year will wash away all of the detritus of the year just ended and provide a clean slate for the new year. Nothing could be further […] More