[unable to retrieve full-text content]Dispelling anxiety about robots has become a major preoccupation of business apologetics. The commonsense, and far from foolish, view is that the more jobs are automated, the fewer there will be for humans to perform. The headline example is the driverless car. If cars can drive themselves, what will happen to chauffeurs, taxi drivers, and so on? Economic theory tells us that our worries are groundless. Attaching machines to workers increases their...
Read More »Resurrecting Creditor Adjustment
With all the protectionist talk coming from US President Donald Trump’s administration, it is surprising that no one has mentioned, much less sought to invoke, an obvious tool for addressing persistent external imbalances: the 1944 Bretton Woods Agreement’s “scarce-currency clause.”That clause, contained in Article 7 of the agreement, authorizes countries, “after consultation with the [International Monetary] Fund, temporarily to impose limitations on freedom of exchange...
Read More »Germany’s Hour
Who runs the European Union? On the eve of Germany’s general election, that is a very timely question. One standard reply is, “The EU’s member states” – all 28 of them. Another is, “The European Commission.” But Paul Lever, a former British ambassador to Germany, offers a more pointed answer: Berlin Rules is the title of his new book, in which he writes, “Modern Germany has shown that politics can achieve what used to require war.” Germany is the EU’s most populous state and its...
Read More »A Trip Through Putin Country
VLADIVOSTOK – Russia’s Baikal-Amur Mainline (BAM) railway “can be hardly named as a popular tourist attraction,” says one tourist website of the some 2,000-mile railway traversing Eastern Siberia and the Russian Far East. “Most people even never [sic] heard of it.” The BAM’s older rival, the Trans-Siberian Railway, is certainly more popular. Since opening in 1916 it has attracted many big names, including the travel writers Peter Fleming, Paul Theroux, and Colin Thubron. But it...
Read More »The Protocols of Donald J. Trump
LONDON – It is an odd quirk in the history of logic that the blameless Cretans should have given their name to the famous “liar paradox.” The Cretan Epimenides is supposed to have said: “All Cretans are liars.” If Epimenides was lying, he was telling the truth – and thus was lying. Something similar can be said of US President Donald Trump: Even when he’s telling the truth, many assume he is lying – and thus being true to himself. His trolling is notorious. For years, he...
Read More »Britain’s Deepening Confusion
LONDON – “Enough is enough,” proclaimed British Prime Minister Theresa May after the terrorist attack on London Bridge. Now, it is clear, almost half of those who voted in the United Kingdom’s general election on June 8 have had enough of May, whose Conservative majority was wiped out at the polls, producing a hung parliament (with no majority for any party). Whether it is “enough immigrants” or “enough austerity,” Britain’s voters certainly have had enough of a lot. But the...
Read More »The Varieties of Populist Experience
Emmanuel Macron’s decisive defeat of Marine Le Pen in the French presidential runoff was a major victory for liberal Europe. But it was a battle, not a war. The idea that one in three French citizens would vote for the National Front’s Le Pen was inconceivable only a few years ago. Commentators have affixed the “populist” label to the wave of demagogic politics sweeping Europe (and much of the rest of the world). But, beyond the raucous style common to populists, what do these...
Read More »Trump’s War Policy in Syria
LONDON – Clearly, the last word has not been said about the chemical weapons attack on Khan Sheikhoun in Idlib Province, Syria, on April 4, which left 85 dead and an estimated 555 injured. But three points – concerning responsibility for the attack, the United States’ military response to it, and the episode’s effect on the course of Syria’s civil war – need to be made. First, all governments lie, not congenitally, but when it suits them and they think they can get away with it....
Read More »Russia’s Nonprofit Spies
LONDON – Nothing so riles Western opinion about Russia today as its law on foreign agents. Enacted in July 2012, the law requires all non-commercial organizations (NCOs) engaged in (undefined) “political activities” to register with the Ministry of Justice as “carrying functions of a foreign agent.” A follow-up measure in 2015, the Undesirable Organizations law, required any such NCO to identify itself publicly as a “foreign agent.”The wording is peculiar and significant. What, after all, are...
Read More »Another Reset with Russia?
LONDON – The question of the West’s relationship with Russia has been buried by media stories of hacking, sex scandals, and potential blackmail. The dossier by former British spy Christopher Steele about US President Donald Trump’s activities in Moscow some years ago may turn out to be as credible as the claims that Saddam Hussein possessed weapons of mass destruction – or it may not. We simply don’t know. What is clear is that such stories have distracted attention from the task of bridging...
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