
China Leads Again
NEW HAVEN – Just as China led the world in economic recovery in the aftermath of the global financial crisis of 2008, it is playing a similar role today. Its post-COVID rebound is gathering momentum amid a developed world that remains on shaky ground. Unfortunately, this is a bitter pill for many to swallow – especially in the United States, where demonization of China has reached epic proportions.
The Everlasting Mao
Rana Mitter reviews recent books on Maoism, many versions of which continue to underpin Chinese politics to this day. 4 Add to BookmarksIs the Long-Awaited Constitutional Crisis at Hand?
Eric Posner foresees a messy conflict between elected representatives and a staunchly right-wing Supreme Court. 20 Add to BookmarksInequality and Its Discontents
Michael J. Boskin examines trends in US income growth and social mobility to determine where the real problems lie. 11 Add to BookmarksThe two crises are, of course, different. Wall Street was ground zero for the 2008 crisis, while the COVID-19 pandemic was spawned in the wet markets of Wuhan. But in both cases, China’s crisis-response strategy was far more effective than that deployed by the US. In the five years following the onset of the 2008 crisis, annual real GDP growth in China averaged 8.6% (on a purchasing power parity basis). While that was slower than the blistering (and unsustainable) 11.6% average pace of the five previous years, it was four........
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