While most of the world is preparing for the end of the era of US global dominance, Americans are not even entertaining the possibility. Worse, public intellectuals, who are supposed to think the unthinkable, challenge accepted views, and prepare people for crucial developments, are shirking their responsibility.
SINGAPORE – The time has come to think the unthinkable: the era of American dominance in international affairs may well be coming to an end. As that moment approaches, the main question will be how well the United States is prepared for it.
Asia’s rise over the last few decades is more than a story of rapid economic growth. It is the story of a region undergoing a renaissance in which people’s minds are re-opened and their outlook refreshed. Asia’s movement toward resuming its former central role in the global economy has so much momentum that it is virtually unstoppable. While the transformation may not always be seamless, there is no longer room to doubt that an Asian century is on the horizon, and that the world’s chemistry will change fundamentally.
Global leaders – whether policymakers or intellectuals – bear a responsibility to prepare their societies for impending global shifts. But too many American leaders are shirking this responsibility.
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The sudden collapse of Silicon Valley Bank was met by an equally swift response from US regulators. But the crisis is far from over, and the nature of the authorities’ response introduces problems of its own.
considers the risk that other banks will experience liquidity problems as interest rates continue to rise.
The emerging breed of industrial policies, which emphasize production, fair wages, and localism, could serve as the basis for post-neoliberal economies. But to tackle the challenges of the twenty-first century and ensure a sustainable future, we need a policy framework that recognizes the value of human connection.
make the case for an economic strategy that prioritizes shared prosperity over competition.
SINGAPORE – The time has come to think the unthinkable: the era of American dominance in international affairs may well be coming to an end. As that moment approaches, the main question will be how well the United States is prepared for it.
Asia’s rise over the last few decades is more than a story of rapid economic growth. It is the story of a region undergoing a renaissance in which people’s minds are re-opened and their outlook refreshed. Asia’s movement toward resuming its former central role in the global economy has so much momentum that it is virtually unstoppable. While the transformation may not always be seamless, there is no longer room to doubt that an Asian century is on the horizon, and that the world’s chemistry will change fundamentally.
Global leaders – whether policymakers or intellectuals – bear a responsibility to prepare their societies for impending global shifts. But too many American leaders are shirking this responsibility.
To continue reading, register now.
Subscribe now for unlimited access to everything PS has to offer.
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