Economists like to think of the wreckage caused by stock market downturns, widespread bankruptcies and corporate downsizing as “creative destruction.” As it destroys the old and the dysfunctional, the capitalist system continually spurs innovation, much as a forest fire prepares the ground for...
Donald Trump is all about boundaries. At a personal level, he doesn’t like touching strangers for fear of infection. Politically, he makes no long-lasting close alliances. And geopolitically, he obsesses over strong borders: big walls, more stringent immigration requirements, tariffs...
The US and China are the two biggest economies in the world. Over the decades, the two countries have been opponents, friends, frenemies and rivals. The US joined the European powers in the exploitation of China, opposed the spread of communism and fought Mao Zedong's young nation in Korea. This...
