gilded age

Visions of the future: Adam Posen asks what the world might look like if the 1% wins.

By / 1 Comment / 21 April 2015

Summary:  A brilliant economist sees the future as a triumphalist continuation of today’s trends, a return to the past of the Gilded Age.  Posen asks the big question, one long discussed on the FM website: has the post-WW2 era ended, and what will follow. It’s worth careful consideration. “What the return of 19th century economics …

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Does corruption limit China’s growth, or pose a threat to its existence?

By / 9 Comments / 12 November 2017

Summary:   Critics of China often cite its high level of corruption as a limiting factor to its growth, or a possible cause of its fall — or even disintegration. Like so many of American’s views about China, it’s false. Probably a way to diffuse awareness that a powerful rival has emerged on the world stage.  …

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