In China, the crowd has played a revolutionary role on more than one occasion. Now, it is forcing the Chinese Communist Party to resolve its Covid-19 “trilemma,” with potentially momentous consequences.
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History shows that nothing causes fiscal and monetary instability quite like multiple big, long conflicts.
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The US has been generous with military and financial aid, the Europeans less so. But both must step up the effort to keep Kyiv fighting.
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American mortality is up while fertility and immigration are down. Unlike China’s baby bust, however, at least one of these is fixable.
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Even considering the disruptions of Covid and the war in Ukraine, leaving the EU has been an expensive divorce for Britain.
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Jay Powell wants us to believe he has what it takes to bring inflation under control. History warns us to be skeptical.
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Joe Biden's grand strategy is setting the US and Beijing on a collision course. It's bad foreign policy and terrible domestic politics.
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The world doesn’t move in cycles or with a grand design. Echoes of the 1970s remind us that one disaster often begets others.
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The disruptions of Covid and Russia’s invasion of Ukraine have shown the strength of the Western system and the weakness of China’s.
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Beijing oversold its surveillance-based system of disease control and underestimated the shape-shifting virus. The result is an economic mess — though probably not a political crisis.
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Most conflicts end quickly, but this one looks increasingly like it won’t. The repercussions could range from global stagflation to World War III.
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Biden is making a colossal mistake in thinking he can bleed Russia dry, topple Putin and signal to China to keep its hands off Taiwan.
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