May 12, 2014

What's Holding Back a Major War?

Nayan Chanda, Times of India

The Associated Press

The muted response to Russia and China's aggressive actions seem to underscore that in an increasingly interdependent world, the power of the state is ever more constrained. The mesh of economic interdependence that deters collective response to egregious behaviour offers some freedom of action to those who dare to challenge the existing order - but only up to a point. Both China and Russia's aggressive yet cautious behaviour underlines an awareness of the limits of their action without incurring the very high cost of tearing up the economic mesh.

Read Full Article ››

TAGGED: Russia, China, Global Economy


May 3, 2014
A Manifesto for a Radical New Europe
Thomas Picketty, et al., Guardian
European Union institutions no longer work. A radical financial and democratic settlement is needed more ››
May 12, 2014
France Clings to Customs as Economy Implodes
Terry Wogan, Telegraph
Shopkeepers here close the shutters whenever it suits them. I haven’t read the revolutionary theories of France’s new economist wonder-boy, M. Piketty – perhaps he can explain why the small grocer... more ››
May 10, 2014
The UK's Hidden Time Bomb
Jeremy Warner, Daily Telegraph
Our debtors’ prisons are gone and our bankruptcy laws are altogether more benign and forgiving. There are still many in Britain who will find plenty of truth in Micawber’s abiding observation: “Annual income... more ››
May 4, 2014
Obama's Foreign Policy? Not Terrible
New York Times
Taken as a whole and stripped as much as possible of ideological blinkers, Mr. Obama’s record on foreign policy is not as bad as his critics say. It’s just not good enough. more ››
May 6, 2014
Don't Contain Russia, Push It East
Zachary Keck, The Diplomat
Instead of containment, the US should block Russia’s ambitions in Europe while encouraging them in Asia. more ››