For decades, US policymakers have preferred piecemeal tactical actions, while the Chinese government has consistently taken a more strategic approach. This mismatch is the reason why Huawei, to the shock of sanctions-focused American officials, was able to make a processor breakthrough in its flagship smartphone.
warns that short-termism will never be enough to offset the long-term benefits of strategic thinking.
With a democratic recession underway in many countries, one now commonly hears talk of democratic “backsliding” on a global scale. But not only is that term misleading; it also breeds fatalism, diverting our attention from potential paths out of the new authoritarianism.
thinks the language commonly used to describe the shift toward authoritarianism is hampering solutions.
Ashoka Mody
explains the roots of the lack of accountability in India, highlights shortcomings in human capital and gender equality, casts doubt on the country’s ability to assume a Chinese-style role in manufacturing, and more.
发自日内瓦——自2008年金融危机以来,政策制定者和国际机构经常会对收入不均状况的扩大及其不利的政治后果感到忧虑。同时他们又往往将这一问题归咎于全球贸易和新技术等“外生”因素。
但在政策制定者将目光过度集中于对贸易和新技术上时,却错失了一个导致收入不均的更强力驱动因素:发源于市场高度集中,大企业实力壮大以及规制俘虏现象(regulatory capture)的地方性寻租行为。
广义上说,租金作为一种收入形式,完全来源于对资产的所有权和控制权,而不是对经济资源的创新和创业型部署。当英国经济学家约翰·梅纳德·凯恩斯(John Maynard Keynes)在他1936年出版的《就业,利益和货币通论》一书中预测“食利者的消亡”时,他指的是一个除了为自身利益尽可能搜刮资本之外什么都不干的金融阶级。但在过去三十年间,金融食利者卷土重来。他们通过私人信贷创造和金融炼金术积累了巨大的收益,但这种收益又是与这类活动所产生的社会效益极不相称的。
To continue reading, register now.
Subscribe now for unlimited access to everything PS has to offer.
Subscribe
As a registered user, you can enjoy more PS content every month – for free.
Register
Already have an account? Log in