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
布鲁塞尔——奥巴马·巴拉克总统在北美以外的第一次露面,即他的伦敦,斯特拉斯堡,布拉格和伊斯坦布尔之行, 引起了全球的关注。但是这次旅程唯一的缺陷是掩盖了一个触目惊心的事实:有关全球经济应该如何运营的“华盛顿共识”已经成为过去。现在的问题是什么可能取代它。
虽然中国经常被指为缺乏“软实力”,这个国家在经济和管理方面的许多观念却在渐渐兴起。实际上,为了追求国家的经济稳定,奥巴马的领导班子显然正往施行某种政府干预的方向努力,而在过去二十年里,中国一直推行着这种政府干预。
在这种模式下,政府继续从国际市场受益,同时对金融领域严加控制,施行限制性的政府采购政策,指导能源领域的研究和发展,有选择地抑制商品和服务的进口, 以此来保持权力对于经济“制高点”的影响。以上所有因素不只是中国经济一揽子救助计划的组成部分,也可以在奥巴马的刺激计划里找到。
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