European unity is indivisible. When one nation is intimidated or ostracized, all are not free. Every aspect of our shared culture, if not the last century of shared suffering, confirms that for us.
So a prime objective of the European Union is to promote stability and security through a dynamic structure of economic and political inter-dependence in which all nations have a vested interest. But such a structure is lacking today between the EU and Russia, to the detriment of all the countries that lie between them. Thus it is vitally important that Germany has made this a central issue for its EU presidency, which is just beginning.
With high prices for crude oil and natural gas bloating its coffers, Russia is once again aggressively confronting the small and still relatively weak states that fled the eroding Soviet empire 15 years ago. Given the residual economic and institutional ties born of the Soviet era, Russia’s external influence in this region remains enormous. But Russia is also now extending its grasp of energy markets beyond those of its immediate neighbors.
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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. Moreover, 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.
European unity is indivisible. When one nation is intimidated or ostracized, all are not free. Every aspect of our shared culture, if not the last century of shared suffering, confirms that for us.
So a prime objective of the European Union is to promote stability and security through a dynamic structure of economic and political inter-dependence in which all nations have a vested interest. But such a structure is lacking today between the EU and Russia, to the detriment of all the countries that lie between them. Thus it is vitally important that Germany has made this a central issue for its EU presidency, which is just beginning.
With high prices for crude oil and natural gas bloating its coffers, Russia is once again aggressively confronting the small and still relatively weak states that fled the eroding Soviet empire 15 years ago. Given the residual economic and institutional ties born of the Soviet era, Russia’s external influence in this region remains enormous. But Russia is also now extending its grasp of energy markets beyond those of its immediate neighbors.
To continue reading, register now.
Subscribe now for unlimited access to everything PS has to offer.
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