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
坎布里奇—当中国外长王毅最近呼吁重塑美中双边关系时,一位白宫发言人回答,美国将美中关系视为需要实力支撑的强势竞争关系。显而易见,乔·拜登总统政府并不只是在单纯逆转特朗普的政策。
有些分析人士指出,修昔底德将伯罗奔尼撒战争归因于斯巴达人对雅典人崛起的恐惧,他们相信,美中关系正在进入一个冲突时期,即原有霸主与日益强大的挑战者之间相互抗衡。
我并不持如此悲观的态度。我认为,经济和生态领域的相互依存降低了爆发真正冷战的几率,更不必说热战了,因为两国均有动机在若干领域进行合作。与此同时,误判的风险是永远存在的,有人认为,存在“梦游”般爆发灾难的风险,就像一战时曾经发生过的那样。
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