Rather than reducing concentrated market power through “disruption” or “creative destruction,” technological innovation historically has only added to the problem, by awarding monopolies to just one or a few dominant firms. And market forces offer no remedy to the problem; only public policy can provide that.
shows that technological change leads not to disruption, but to deeper, more enduring forms of market power.
The passing of America’s preeminent foreign-policy thinker and practitioner marks the end of an era. Throughout his long and extraordinarily influential career, Henry Kissinger built a legacy that Americans would be wise to heed in this new era of great-power politics and global disarray.
reviews the life and career of America’s preeminent foreign-policy scholar-practitioner.
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发自新德里—新型冠状病毒疫情将如何影响发展中国家增长前景?答案在很大程度上取决于全球化进程——以及知识分子对它的支持——在疫情之后的发展。然而前景并不乐观。
即便在疫情来临之前,全球商品出口相对GDP的比率就已经出现了自二战以来的首次下降,自2008年以来下降了约5个百分点,而今年则下滑了20%左右。
这已经不是世界第一次去全球化了。在一战和二战前夕之间那段时间世界贸易就一度崩溃,当时出口相对GDP的比重从1913年16%的峰值下跌到仅仅超过6%。按照约翰·梅纳德·凯恩斯(John Maynard Keynes)令人印象深刻的说法,这种收缩是“围绕军国主义和帝国主义、种族和文化竞争,以及垄断,限制和排斥目的所制定的方略和政治”的结果。
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