The banking system we take for granted is unfixable. The good news is that we no longer need to rely on any private, rent-seeking, socially destabilizing network of banks, at least not the way we have so far.
shows why the current private system is unfixable – and why we don’t need to tolerate it anymore.
Like Vladimir Putin, China's leader is so steeped in a narrative of victimhood and fearful of appearing weak that it is hard to imagine him ever leading China out of the mess he has created. He could well be remembered as the leader who squandered history's most remarkable economic success story.
about the country's increasingly worrisome trajectory, both at home and abroad.
Artificial IdiocyFrank Rumpenhorst/picture alliance via Getty Images
华盛顿—世界都被香港的示威所吸引。示威由香港政府提出的允许向中国大陆引渡犯罪嫌疑人的法案所引起。大约一百万人——占这个前英国殖民地人口的七分之一左右——在6月9日走行街头,反对法律草案,6月12日再度爆发大型示威,并出现示威者与警方之间的暴力冲突。
但是,尽管出现了群众示威,但中国政府决定听之任之。受北京控制的香港领导人没有撤销立法提案,而是将其列入快车道,定于本月月底在立法会排期投票。这项法律的实施不仅对香港来说是一场灾难,对中国也是如此。
引渡法提案将破坏中国遵守香港“一国两制”模式的承诺。该立法将让北京当局拥有便利的合法工具剥夺被认为是国家“敌人”的个体,破坏香港公民——以及定居在香港的外国人——的自由。
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