Rather than reducing concentrated market power through “disruption” or “creative destruction,” technological innovation historically has only added to the problem, by awarding monopolies to just one or a few dominant firms. And market forces offer no remedy to the problem; only public policy can provide that.
shows that technological change leads not to disruption, but to deeper, more enduring forms of market power.
The passing of America’s preeminent foreign-policy thinker and practitioner marks the end of an era. Throughout his long and extraordinarily influential career, Henry Kissinger built a legacy that Americans would be wise to heed in this new era of great-power politics and global disarray.
reviews the life and career of America’s preeminent foreign-policy scholar-practitioner.
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发自苏黎世——自1960年以来美国已经78次提高本国债务上限——倘若国会批准最新那个最后一分钟协议的话就有79次了。在曼哈顿离时代广场不远的地方有面墙,墙上那块广告牌大小的显示屏(国债钟)一直在更新着国债数额。
自1989年落成以来这座钟的显示数字一直在无情跳升,从2.7万亿美元提高到当今的超过31万亿美元。美国和全球经济从未如此债台高筑过,而自2000年以来全球债务存量已经从87万亿美元飙升到今天的300多万亿美元——这一增速几乎是世界GDP增长速度的两倍。
那抛开当今每次伴随美国债务上限上调的政治作秀、阴谋诡计和边缘政策不谈,有什么办法可以阻止——甚至减缓——国债钟的数字增长呢?
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