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Economics

Commentary

China and the Blame Game

American politicians are quick to point the finger at China, but the roots U.S. economic problems are closer to home.

Europe's Problem Is the Euro

Why Germany deserves some of the blame for Europe's economic crisis.

The (Almost) Triumph of Offshore Balancing

The fact of U.S. decline is undeniable. A new grand strategy is in order.

Essays

Rethinking the Pakistan Plan

U.S.-Pakistani relations are in crisis. Strategic fear of India prevents Pakistan from bending to U.S. demands. Easing India-Pakistan tensions could change the dynamics of the U.S.-Pakistan alliance.

The Seoul Nuclear Summit

Obama has emerged as champion of securing vulnerable nuclear materials. Two years after his Washington summit on this arcane but important matter, national leaders will descend on South Korea to track progress and fashion goals for the future.

Drug Mayhem Moves South

Mexico’s drug violence is spreading into Central American countries that lack the resources to cope with such dire challenges. The region is in danger of reverting back to turmoil.

The No-Growth Trap

Without economic recovery there is no political consensus; without political consensus there is no economic recovery. If Washington fails to overcome its current stalemate, a long period of monetary stagnation and moral decline will set in.

Night Thoughts on Europe

Europe’s problems go far beyond deflating currency and rising debt. It suffers from a lack of will, a crisis of confidence—and a serious identity problem. The once-great superpower has already fallen. Centuries of predominance slip away.

Chinese Nationalism and Its Discontents

China must choose between kowtowing to domestic nationalism and submitting to a peaceful rise. Lately, nationalist belligerence has ruled the day. Washington is overreacting, encircling China. A latent rivalry ratchets up to dangerous levels.

Blogs

Egypt’s Pragmatic Islamists

The Arab Spring may not bring secular democracy, but religious parties like the Muslim Brotherhood may be willing to compromise. 

Books & Reviews

In the Hall of the Vulcans

We thought the lessons of Vietnam could never be unlearned. But Washington warmongering heeds no warnings, plunging America into the quagmires of Iraq and Afghanistan. The depths of dysfunction behind these decisions seemingly know no bounds.

Battle Hymn of the Diplomats

Awash in Wilsonian hubris, the State Department’s meandering and militaristic QDDR will ensure Foggy Bottom remains second-rate—both inside the Beltway and overseas.

First Bank of the Living Dead

As the Great Recession gnaws at our very belief in the ability of capitalism to raise us to ever-escalating levels of wealth and prosperity, Keynes's no-longer-viable financial prescriptions are being resurrected.

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February 4, 2012