In the political world – on the left and right – few mainstream leaders are having a very good year, and one must search for any notable achievements. Still, if they are to win the battle of ideas against populism, they must adopt a fighting spirit and signal confidence in their cause.
SAINT-MARTIN-LAGUÉPIE – Here’s a confession: I don’t lie in bed at night missing mainstream politics. Instead, I am spending a week at my house in southwest France, walking around the countryside. The early autumn sun is warm on my back, the trees are starting to change color, and local farmers are preparing for this year’s grape harvest. What’s not to like?
Back in the political world, the answer is quite a lot. On the left and right – few mainstream leaders are having such a good year. In fact, one must search for any notable achievements.
In France, President François Hollande looks like damaged goods as he prepares for next spring’s election. The French economy benefits from high productivity potential and a well-educated work force, but trade unionists and other members of Hollande’s Socialist Party are blocking measures that would restore strong growth. Meanwhile, former President Nicolas Sarkozy and former Prime Minister Alain Juppé are vying for control of the center-right opposition in order to challenge Hollande and head off Marine Le Pen of the far-right National Front.
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The long-standing economic consensus that interest rates would remain low indefinitely, making debt cost-free, is no longer tenable. Even if inflation declines, soaring debt levels, deglobalization, and populist pressures will keep rates higher for the next decade than they were in the decade following the 2008 financial crisis.
thinks that policymakers and economists must reassess their beliefs in light of current market realities.
Since the 1990s, Western companies have invested a fortune in the Chinese economy, and tens of thousands of Chinese students have studied in US and European universities or worked in Western companies. None of this made China more democratic, and now it is heading toward an economic showdown with the US.
argue that the strategy of economic engagement has failed to mitigate the Chinese regime’s behavior.
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SAINT-MARTIN-LAGUÉPIE – Here’s a confession: I don’t lie in bed at night missing mainstream politics. Instead, I am spending a week at my house in southwest France, walking around the countryside. The early autumn sun is warm on my back, the trees are starting to change color, and local farmers are preparing for this year’s grape harvest. What’s not to like?
Back in the political world, the answer is quite a lot. On the left and right – few mainstream leaders are having such a good year. In fact, one must search for any notable achievements.
In France, President François Hollande looks like damaged goods as he prepares for next spring’s election. The French economy benefits from high productivity potential and a well-educated work force, but trade unionists and other members of Hollande’s Socialist Party are blocking measures that would restore strong growth. Meanwhile, former President Nicolas Sarkozy and former Prime Minister Alain Juppé are vying for control of the center-right opposition in order to challenge Hollande and head off Marine Le Pen of the far-right National Front.
To continue reading, register now.
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