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Europe's social democrats hoped that the 2008 economic meltdown would vindicate their politics and strengthen their hand. But they failed to see how badly they had damaged their brand by compromising on core principles during the previous two decades. To find their way forward, they must return to their roots.
In the age of leaks, the United States will find it harder to act hypocritically and get away with it -- and so Washington may ultimately be compelled to start practicing what it preaches.
Even if immigration reform managed to get through congress, it would do little to stem illegal immigration or improve the plight of the undocumented. So policymakers should shift their focus to a more humane, bottom-up approach: letting states compete for illegal immigrants.
A British exit from the EU is now more likely than ever, thanks to Prime Minister David Cameron, who has caved in to his party’s right wing. But such a move would be disastrous--not only for the United Kingdom, but for the rest of Europe and the United States.
To stop climate change, the international community should shift focus from setting targets countries can’t meet to compelling multinational corporations to act. The immense power wielded by a small number of companies might be just what is needed to save the planet.
Tensions between China and Japan are rising, but an economic version of mutual deterrence is preserving the uneasy status quo. Put simply, China needs to buy Japanese products as much as Japan needs to sell them.
Given that Chinese counterfeiting has benefits as well as costs, and considering China’s historical resistance to Western pressure, trying to push China to change its approach to intellectual property law is not worth the political and diplomatic capital the United States is spending on it.
Much of the outrage over economic inequality in the United States has centered on the high compensation and lack of accountability that corporate executives supposedly enjoy -- allegedly the result of boards at public companies. The truth, however, is that American CEOs now earn less and get fired more than in the recent past.
The world may expect great things from India, but as extensive reporting reveals, Indians themselves turn out to be deeply skeptical about their country’s potential. That attitude, plus New Delhi’s dysfunctional foreign-policy bureaucracy, prevent long-term planning of the sort China has mastered -- and are holding India back.
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