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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巴黎—全球增长再一次令人失望。一年前,国际货币基金组织(IMF)预计2015年世界产出增长率为4%。如今,IMF对今年的预测为3.3%——与2013年和2014年大致相当,比2000—2007年平均水平低了整整一个百分点。
在欧元区,最近一个季度的增长令人失望。日本又回到了负增长。巴西和俄罗斯陷入衰退。世界贸易停滞不前。而今年夏天中国经济的减速和股市动荡又进一步增加了不确定性。
诚然,闪光点还是有的:印度、西班牙和英国都好于预期。美国的复苏也很扎实。非洲表现出色。但是,总体而言,无法否认全球经济增长乏力。
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