Tag: economic policies
Totalitarianism Is Still With Us, and Still Evil
There was only one surprise in the vote tally for a United Nations General Assembly resolution in March condemning Russia’s unprovoked invasion of Ukraine. As a wholly owned Vladimir Putin subsidiary, Belarus naturally followed instructions from headquarters; Syria’s “no” vote was repayment to the capo dei capi in Moscow for his regime-saving military support; and of course North Korea voted no. But Eritrea? Why would a little country in the Horn of Africa with no significant ties or
Washington Is Getting China Wrong
Evergrande Group, one of China’s largest property developers, is tottering on the brink of bankruptcy. Its founder, Hui Ka Yan, is scrounging to find the cash to meet payments on the $300 billion his company owes. Beijing has warned local officials to prepare for possible fallout if the gargantuan firm collapses. Around the world, financial analysts are wondering if Evergrande is China’s “Lehman moment,” the starting gun for a destructive wave of defaults that could take down the