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  1. spence153_Alex WongGetty Images_bidenbill Alex Wong/Getty Images

    Make America Invest Again

    Michael Spence

    Whatever their electoral implications, recent US legislative achievements – from the CHIPS and Science Act to the Inflation Reduction Act – portend a massive increase in long-term investment in America’s growth potential, and in balancing out the various dimensions of its growth pattern. It's a change that couldn't come too soon.

    hopes that legislation like the CHIPS and Science Act signals a much-needed shift in US policymaking.
  2. three flags Hung Chin Liu/Getty Images
    Subscriber Exclusive

    Will US-China Tensions Boil Over?

    A toxic mix of mutual distrust and rising nationalism – with Taiwan the immediate flash point – has brought Sino-American relations to their lowest point in decades. While neither China nor the United States appears to want a military conflict, we asked PS commentators whether the two powers might nonetheless stumble into one.

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