If the United States cannot get its fiscal house in order, the dollar’s privileged position as the world’s reserve currency may be at risk—at a time when there seem to be few if any plausible alternatives.
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.
At its core, ideology fuels the epic struggle between Washington and Beijing. Deeply insecure about its own legitimacy, the Communist Party seeks the subordination of its regional neighbors to appease the nationalist wing of its body politic.
Finance ministers around the world are up in arms over the Fed's latest efforts to jump-start the anemic U.S. economy. The future of globalization hangs in the balance.
One doesn’t need to be a Russian domestic radical or a foreign Russophobe to see major flaws in the way Russia is ruled. The population, however, is satisfied with the status quo...for now.
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.
The simple geo-economic idea of the relentlessly adversarial state is a threadbare concept, badly in need of overhauling. And Mr. Luttwak's book is not the first step in that process
