Why America’s CEOs have turned against shareholders

The Business Roundtable, an association of the most powerful chief executive officers in the United States, announced this month that the era of shareholder...

Middle East looking to China

Middle Eastern leaders seem to be in a race to gain favor with China. While the region buzzes with criticism of US policy, its...

Trump’s War on Evidence

Decision-making based on evidence rather than superstition was a driving force behind the Industrial Revolution, and the collection of statistics has, accordingly, become a...

Inequality of Nations

The eighteenth-century British economist Adam Smith has long been revered as the founder of modern economics, a thinker who, in his great works The...

Can Europe become a Global Player?

The last five years have not been kind to the European Union’s foreign-policy prospects. A new great-power competition is shunting aside the international rules-based...

The Great Crypto Heist

There is a good reason why every civilized country in the world tightly regulates its financial system. The 2008 global financial crisis, after all,...

Bad News for the World’s Poorest

The global economic mood is souring. At their meeting in Fukuoka, Japan, earlier this month, G20 finance ministers and central bank governors warned that...

Growing Risk of a 2020 Recession and Crisis

Last summer, my colleague Brunello Rosa and I identified ten potential downside risks that could trigger a US and global recession in 2020. Nine...

Paying for the Welfare State Without Raising Taxes

The current value of the US government’s unfunded pension and Medicare liabilities is $46.7 trillion, or roughly two and a half times US GDP....

Global Consequences of a Sino-American Cold War

A few years ago, as part of a Western delegation to China, I met President Xi Jinping in Beijing’s Great Hall of the People....

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