Redefining America
After a 20-year run as the world’s hegemonic power, the United States is retrenching. The Trump administration accelerated this process, answering China’s disruptive rise with an economic and military challenge, and using similar confrontational tactics with Iran. Domestically, the U.S. is doubling down on its faith in small government. American bilateralism’s key risk is estranging long-time partners needed to sustain its preeminence.
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New Opportunities 2021: A post-Covid rebound in the U.S. is all but inevitable
The United States is a resilient nation positioned to make a quick post-pandemic recovery. A broad assessment of the elements of U.S. power and the state of American society finds few challenges related to the Covid-19 that could undermine the country’s stability or sap its capacity to project its global power.
U.S. elections: Media credibility and impartiality are the biggest losers
Shortly after Democratic candidate Joe Biden declared victory, European states began expressing their hope of a new era in transatlantic relations. However, the nature of U.S.-EU ties is unlikely to undergo a profound change. A Biden presidency will also have its downsides. President Trump’s style might have made him unpopular ...
The Fed and ECB: Average inflation targeting for two
Central banks have long maintained that price stability means 2 percent inflation. Now we hear from the U.S. Federal Reserve and the European Central Bank that it actually means “average” 2 percent inflation. This seemingly small change in the banks’ mission aims to contain and sustain public debt, not inflation.
Opinion: The new American left and its influence on the election
Ahead of the November 3 elections in the U.S., the Democratic Party has cobbled together a broad but fragile anti-Trump coalition. Older, centrist Democrats and a young socialist faction have come to a compromise in hopes of boosting their candidate’s chances. But even in the event of a victory for ...
The new computing technology may alter our civilization beyond recognition
China, the United States and other technologically advanced countries are in an epic race to develop the next generation of computing machines – with designs based on quantum physics’ principles. The state that achieves an early breakthrough in this contest could gain scientific, military, economic and geopolitical advantages of historic ...
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More Disruptions
Expanding state
A trend toward increased government influence in economies and personal life is curbing growth, and freedom, in many Western countries. The outsized role of government results in misplaced incentives, overregulation – which restrains markets and competition – and irresponsible budgetary ...
Middle East politics
The region, one of the cradles of civilization, is going through a turbulent period of historic realignment. Its powers are vying for political, military, economic and religious dominance with local players and outside actors. Armed conflicts, mainly civil wars, are ...
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