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Comments written by Prince Michael of Liechtenstein himself provide an informed viewpoint on crucial geopolitical issues. Sometimes challenging and always thought-provoking, these brief commentaries take a stance that stimulate debate.

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A choice for economies: Freedom or socialism

Government intervention and high debt as handcuffs

Some say the global economy is slowing down due to Brexit and the U.S.-China trade dispute – but these developments are not the real dangers. Far more insidious is the trend toward increased government influence in economies and large public debts. Yet, even many economists have adopted the notion that government intervention and high debt can be a good thing. These policies have been tried before and failed. Worse, they can end up limiting freedom.

Prince Michael of Liechtenstein

Prince Michael of Liechtenstein

POLITICS

Changing scenarios in the Middle East maze

Iranian President Hassan Rouhani, Russian President Vladimir Putin and Turkish President Recep Tayyip Erdogan shake hands in Sochi, Russia, during a summit

As Iran becomes stronger and more assertive in the Middle East, two blocs – pro- and anti-Iran – are beginning to take shape. This was exemplified by two high-profile summits in mid-February: one led by the U.S. in Warsaw, and the other in Sochi between Russia, Turkey and Iran. Although Iran’s rise is cause for concern, the question is what options a U.S.-Arab-Israeli alliance might have.

Prince Michael of Liechtenstein

Prince Michael of Liechtenstein

POLITICS

Potential conflict between Asian giants

Map of conflict zones in the Himalayas

The mountainous border between India, China and Pakistan is a dangerously underestimated trouble spot that could wreak havoc between Asia's two emerging superpowers.

Prince Michael of Liechtenstein

Prince Michael of Liechtenstein

POLITICS

Planning the economy

Picture of German economist and politician Ludwig Erhard (1897-1977)

Politicianal interventions rather than markets are causing economic crises in the world. Misguided attempts to centrally plan and manage the complex transactions of millions of different players are bound to produce unexpected results. In 2007-2008, politically inspired intervention in the housing market in the United States caused an international financial crisis of epic proportions. These days, policies of abundant money supply and unrestricted debt promise trouble for the developed countries.

Prince Michael of Liechtenstein

Prince Michael of Liechtenstein

POLITICS

Fake problems, real dangers

Overregulation, not inequality, is the real problem

The hysteria over inequality continues to grow, with calls for higher taxes and more regulation. None of that will achieve what should be the real goal, however: reducing poverty. To do that, entrepreneurs and innovators need to be freed from burdensome red tape and interventionist governments reined in.

Prince Michael of Liechtenstein

Prince Michael of Liechtenstein

POLITICS

The logical response to failed interventions

U.S. army patrol in Mosul, May 2006

Far from showing ignorance, the decision to withdraw troops from Syria may be a sign the U.S. has learned from a long history of Western failure in the Middle East.

Prince Michael of Liechtenstein

Prince Michael of Liechtenstein

POLITICS

Brexit: An unnecessary problem

British Prime Minister Theresa May gives a press conference during a European Council summit in Brussels

British Prime Minister Theresa May finds herself in a tough spot on Brexit: Brussels is unwilling to make more concessions, but the British Parliament looks unlikely to accept the current agreement. It didn’t have to come to this, but a lack of pragmatism on both sides has brought us here. A hard Brexit will cause a lot of disruption, but it could also offer an opportunity for a new start in politics on both sides of the English Channel.

Prince Michael of Liechtenstein

Prince Michael of Liechtenstein

POLITICS

An offense to common sense and EU principles

Polish companies’ heavy trucks moving down a highway

The EU’s international trucking business, now dominated by highly competitive companies in Central Europe, can be disrupted by Brussels’ ham-handed attempt to shield cargo movers in countries with high minimum wages. The issue has political ramifications for the EU as well.

Prince Michael of Liechtenstein

Prince Michael of Liechtenstein

POLITICS

Mounting tension in Asia

A map showing the arc of American allies and military bases stretching from the North Pacific to the Indian Ocean

Pressure is building in relations between the U.S. and China, especially after the recent APEC summit. However, the heightened rhetoric used there could give both countries a chance to climb down and come to a deal. Presidents Donald Trump and Xi Jinping will have a perfect opportunity to do so during the G20 summit in Buenos Aires.

Prince Michael of Liechtenstein

Prince Michael of Liechtenstein

POLITICS

The lessons from the last 100 years of Central Europe’s history

A map showing the ethnic composition of the Austro-Hungarian Empire in 1910.

The emergence of new nation-states from World War I was hailed as a triumph for self-determination, but the destruction of democratic empires that held them previously hardly brought peace and prosperity to the continent, especially Central Europe.

Prince Michael of Liechtenstein

Prince Michael of Liechtenstein

POLITICS

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