No one can say for sure that Iran's regime has formally adopted a nuclear weapons program. Although many Iranian leaders no doubt want one, others are carefully weighing the risks of preventive strikes from outside, increased isolation, and a regional nuclear arms race, all of which suggests that the West has little to gain from continuing to insist on a halt to uranium enrichment.
PARIS – Negotiations over Iran’s nuclear program have been stalled for more than three years. For six years, the voices of reason have largely been drowned out, with passions and delusions claiming primacy.
Countries sitting on their own nuclear arsenals seem to think that they can give Iran orders; it’s a case of “do as I say, not as I do.” Another favorite delusion in the West is to believe that Iran will surrender if pressure is steadily increased. Anyone familiar with Iran knows that this provokes only a defiant response.
But Iran, too, harbors illusions, including the notion that it can count on support from non-Western countries, or at least from some sort of Islamic caucus. Yet, at each stage in the crisis, Iran’s supposed “friends” have let it down. Iran has also believed that it could split France, and perhaps Germany, away from the United States – as if either country would risk infuriating the Americans for the sake of a leader like Mahmoud Ahmadinejad.
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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.
PARIS – Negotiations over Iran’s nuclear program have been stalled for more than three years. For six years, the voices of reason have largely been drowned out, with passions and delusions claiming primacy.
Countries sitting on their own nuclear arsenals seem to think that they can give Iran orders; it’s a case of “do as I say, not as I do.” Another favorite delusion in the West is to believe that Iran will surrender if pressure is steadily increased. Anyone familiar with Iran knows that this provokes only a defiant response.
But Iran, too, harbors illusions, including the notion that it can count on support from non-Western countries, or at least from some sort of Islamic caucus. Yet, at each stage in the crisis, Iran’s supposed “friends” have let it down. Iran has also believed that it could split France, and perhaps Germany, away from the United States – as if either country would risk infuriating the Americans for the sake of a leader like Mahmoud Ahmadinejad.
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