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    The Establishment Turns on Trump

    A child exposing the nakedness of the emperor by speaking truth to power? Not these days. More than half of the United States — not just liberals and the left but also the mainstream media and some Republicans — has been shouting at Emperor Trump for months on end that he has no clothes. These […] More

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    America Has Gone Over the Edge

    Complaints about American decline have been commonplace since at least the Vietnam War era. In the late 1980s, declinism experienced an upsurge with the publication of “The Rise and Fall of Great Powers,” by Paul Kennedy, which warned of the dangers of imperial overstretch. Even America’s putative victory over the Soviet Union in the Cold War […] More

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    Is It Time to Boycott the United States?

    In his infinite ignorance, Donald Trump has invited world leaders to the White House for a face-to-face meeting at the end of June. Unlike the other countries in the G7, the United States has yet to get the coronavirus pandemic under control. One of the hotspots that the White House itself has identified is none other than Washington, DC. […] 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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    South Korea Shows the Way Forward for Post-Pandemic Recovery

    The current pandemic has led to the postponement of elections around the world. Over 75 countries have declared some kind of state of emergency. Several illiberal leaders, like Viktor Orban, have used the crisis to seize virtually unlimited powers. The Chinese model of full-spectrum clampdown has elicited praise across the political spectrum for its apparent effectiveness […] More

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    Will the EU Survive the Coronavirus?

    The most insidious tactic of COVID-19 is to get a person’s body to attack itself. In the worst cases, the body’s autoimmune system essentially goes haywire as it tries to fight off infection. This “cytokine storm” can lead to serious inflammation in the lungs and ultimately to major organ failure. COVID-19 seems to have had a similar […] More

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    We Need a Coronavirus Truce

    During World War I, soldiers all along the Western front held a series of informal truces in December 1914 to commemorate Christmas. It was early in the war, and opposition had not yet hardened into implacable enmity. The military command, caught by surprise, could not impose complete battlefield discipline. An estimated 100,000 British and German […] More