Those nations falling between the developed West and the world’s poorest countries are jockeying for position in their own regions and playing powers against each other. They will make life increasingly difficult for the reigning great powers.
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.
The European Union is unable to achieve a true federal union, yet neither is it likely to fall apart. That leaves its internal incoherence as a long-term problem for the United States.
In the last issue, Zbigniew Brzezinski proposed a new plan for including Russia in an expanding transatlantic community. But his ideal world might not come about. With a comment from Brzezinski.
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.
