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Category Archive: Geostrategy
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Like a Hummingbird – From Chile to Mongolia
Increased cross-learning and cooperation among developing countries has been a remarkable feature of the global economy in recent decades. It’s been some time now since knowledge and technology flowed only from advanced economies (“North”) to developing ones (“South”). Not only has South-South cooperation flourished, but also lessons from South to North have come to the [...]
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Bibi, Be Quiet – You’re Undermining U.S. Support for Israel
The dangers to Israel’s existence, from a nuclear-armed Iran, are real. Equally real are the dangers of a pre-emptive military attack on Iran. Perhaps the greatest danger to Israel, however, is Prime Minister Netanyahu. America is Israel’s most important ally, providing financial (~$3 billion/year), military, and diplomatic support. In response to the Iranian nuclear threat, [...]
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Market Drivers in the Week Ahead
The US dollar began Asia on a firm note, but quickly succumbed to selling pressure. The euro initially fell to almost $1.28, its lowest level since Sept 11, but rebounded smartly in late Asia and through the European morning. The other major and emerging market currencies have generally followed suit. That said, the short-term momentum [...]
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Wynne Godley and the Eurozone’s Eventual Sovereign Crisis
Steve Keen dug up a 1992 post by Wynne Godley on the London Review of Books that offers sharp insight into the fundamental problems with the euro. “Godley’s remarks, no doubt seen as extremist when he uttered them,” Keen writes, “have proven to be utterly prophetic.” The piece begins by asserting that while the political [...]
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On Manichean Worldviews and Effecting Change
Aside from the rise of concerted trolling (which Barry Ritholtz discusses in a post today), it has been hard not to notice what amounts to an increase in collective pissiness among the NC commentariat. One might ascribe it to a multitude of influences: elevated stress produced by a lousy economy, the utter distastefulness of the [...]
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Bush and Blair Aren’t Guilty of War Crimes in Iraq
But They Shouldn’t Be Rewarded for Failure Nobel Laureate Archbishop Desmond Tutu recently withdrew from a conference because former Prime Minister Blair was also a speaker (and, unlike Tutu, receiving a lucrative fee). Citing the suffering caused by the Second Iraq War, Tutu called for the prosecution of Blair, former President Bush and other leaders [...]
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New Leaders from Egypt, Libya, Somalia at UN General Annual Meeting
The Council on Foreign Relations writes that this year’s meeting will be notable for the inclusion of new leaders representing Libya, Egypt and Somalia—in particular, the attendance of Mohammed Morsi: When it is Morsi’s turn at the podium in the General Assembly on Wednesday, he is likely to run through a litany of issues that [...]
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Romney: ‘The Palestinians have no interest whatsoever in establishing peace’
One week after coming under fire for a pre-emptive and false attack on President Obama’s handling of the raid on the U.S. consulate in Benghazi, in which four American diplomats were killed, and a day after a video aired in which Republican presidential candidate Mitt Romney, speaking to donors in May, appeared to write off [...]
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Geopolitical Unrest and Key Oil Producers
Some people observed 9/11 by lighting candles, others by killing more Americans. Yesterday a mob stormed the U.S. Consulate in Benghazi, Libya, killing the U.S. ambassador to Libya and three other Americans. Among other implications, this raises the possibility that the stability that seemed to have returned to that country may be short-lived. As of May, [...]
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Russia May Share the Fate of the USSR
December 2011 marked twenty years since the disintegration of the Soviet Union; a collapse predetermined by the systematic flaws of the Soviet economic and political system. The Soviet institutions, which had mostly been formed at the turn of 1920s/1930s, were too rigid and unable to adapt to the challenges of the end of the twentieth [...]
