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Archive for 8. Mai 2019

Europas große Ost-West Spaltung

Posted by hkarner - 8. Mai 2019

Joschka Fischer was German Foreign Minister and Vice Chancellor from 1998-2005, a term marked by Germany’s strong support for NATO’s intervention in Kosovo in 1999, followed by its opposition to the war in Iraq. Fischer entered electoral politics after participating in the anti-establishment protests of the 1960s and 1970s, and played a key role in founding Germany’s Green Party, which he led for almost two decades.

BERLIN – Vor fünfzehn Jahren hat die große Osterweiterung der EU stattgefunden, begleitet von sehr viel Hoffnung und Optimismus. Man kann nicht gerade behaupten, dass sich seitdem Ost- und Westeuropa wirklich sehr viel näher gekommen sind, vor allem mental nicht.

Die materiellen Bedingungen sind dramatisch besser geworden, aber normativ und auch materiell scheint sich die Kluft Jahr um Jahr zu vertiefen. Osteuropa hat eine Massenauswanderung vor allem von jungen Menschen erlebt, die in manchen Ländern fast einer Entvölkerung gleichkommt. Andererseits haben diese Bevölkerungsbewegung und die damit einhergehenden finanziellen Rücktransfers in die jeweiligen Herkunftsländer erheblich zur wirtschaftlichen Verbesserung der Lage dort beigetragen.Bereits vor der großen Osterweiterung 2004 der EU taten sich deren alte Mitgliedstaaten auf zwei Gipfeln, nämlich denen von Amsterdam und Nizza extrem schwer, sich auf die neue Realität einer sehr viel größeren, osterweiterten EU einzulassen, und die gemeinsamen Institutionen sowie die Finanztransfers entsprechend anzupassen Den Rest des Beitrags lesen »

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Foreign policy after Donald Trump

Posted by hkarner - 8. Mai 2019

Date: 07-05-2019
Source: The Economist

A few Democrats see a chance for a brave new world

“This too shall pass,” Joe Biden told America’s allies at the Munich Security Conference in February. “We will be back.” The applause he received reflects a longing to return to a world order that existed before President Donald Trump started swinging his wrecking ball. Now that Mr Biden, vice-president under Barack Obama for eight years, has entered the race to challenge Mr Trump in 2020, the contest has acquired a foreign-policy heavyweight who embodies the pre-Trump era.

But would a future Democratic administration simply turn the clock back? In the crowded field of Democratic candidates, apart from Mr Biden, only Senators Bernie Sanders and Elizabeth Warren have so far made serious forays into foreign policy. Still, those efforts, and stirrings of debate among activists, point to the potential for a future American foreign policy that could look very different not just from that of the current administration but also from the consensus that prevailed before. Den Rest des Beitrags lesen »

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Warum der Kapitalismus den Populismus braucht

Posted by hkarner - 8. Mai 2019

Raghuram G. Rajan, Governor of the Reserve Bank of India from 2013 to 2016, is Professor of Finance at the University of Chicago Booth School of Business and the author, most recently, of The Third Pillar: How Markets and the State Leave the Community Behind.

CHICAGO – In den Vereinigten Staaten stehen die großen Konzerne unter Beschuss. Amazon hat seine Pläne für ein neues Hauptquartier im New Yorker Stadtteil Queens angesichts starker lokaler Widerstände aufgegeben. Lindsey Graham, republikanischer US-Senator für den Bundesstaat South Carolina, äußerte Bedenken hinsichtlich der unangefochtenen Marktposition von Facebook während seine demokratische Senatskollegin Elizabeth Warren aus Massachusetts die Zerschlagung des Unternehmens forderte. Warren hat außerdem einen Gesetzesentwurf vorgelegt, wonach 40 Prozent der Sitze in den Unternehmensvorständen den Arbeitnehmern vorbehalten sein sollen.

Solche Vorschläge mögen im Land des freien Marktkapitalismus deplatziert erscheinen, aber genau diese Debatte ist in Amerika notwendig. Während der gesamten Geschichte des Landes waren es die Kritiker des Kapitalismus, die sein reibungsloses Funktionieren sicherstellten, weil sie gegen die Konzentration wirtschaftlicher Macht und den damit verbundenen politischen Einfluss kämpften. Wird die Wirtschaft von wenigen Konzernen beherrscht, schließen sich diese unweigerlich mit den Instrumenten der staatlichen Kontrolle zusammen und bilden so eine unheilige Allianz zwischen den Eliten des privaten und des öffentlichen Sektors.  Genau das passierte in Russland, das nur auf dem Papier demokratisch und kapitalistisch ist. Den Rest des Beitrags lesen »

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Trump’s China Brinksmanship

Posted by hkarner - 8. Mai 2019

Date: 07-05-2019
Source: The Wall Street Journal By The Editorial Board

The incentives for a deal are overwhelming on both sides.

President Trump roiled financial markets Monday with his threats to impose a new round of tariffs on China as trade talks hit an impasse. We’re about to find out if tariff brinksmanship pays off in a productive deal or ends in mutual escalation that will hurt both countries.

Mr. Trump’s unilateral tariffs have had a scattershot logic focused on the dubious measure of the U.S. trade deficit. He has picked needless fights with allies over steel and aluminum. But the one country where there is a plausible justification is China. Beijing has too often violated the global trading rules it agreed to and profits from. It steals trade secrets and intellectual property and handicaps foreign companies with punitive regulation. Chinese abuses have undermined political support for free trade in the U.S.

Marshaling a united front with allies toward Beijing would have been better, but Mr. Trump is a unilateralist and his household remedy is tariffs. There’s no denying that his border taxes on Chinese goods have prodded Beijing to negotiate, though tariffs have also imposed costs on U.S. consumers and producers, especially in agriculture. The tariffs will be destructive unless they lead to a deal that causes China to cease its predatory behavior. Den Rest des Beitrags lesen »

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Stories That Can’t End Well

Posted by hkarner - 8. Mai 2019

Harold James is Professor of History and International Affairs at Princeton University and a senior fellow at the Center for International Governance Innovation. A specialist on German economic history and on globalization, he is a co-author of the new book The Euro and The Battle of Ideas, and the author of The Creation and Destruction of Value: The Globalization Cycle, Krupp: A History of the Legendary German Firm, and Making the European Monetary Union.

After almost a century in which economic policymaking was the preserve of technocrats and social scientists, scholars from narrative-based disciplines have begun to feature prominently in policy debates. But by using partial knowledge to advance specific policy prescriptions, they have become even more dangerous than economists.

PRINCETON – In today’s irrational world of fake news and bad-faith politics, a new mantra has emerged: It’s all about narratives. Power today lies in one’s ability to tell a story. As a case in point, consider Ukrainian President-elect Volodymyr Zelensky, a comedian whose only political experience is that he played a president on TV. Zelensky beat the incumbent, Petro Poroshenko, because he knew how to spin a yarn.

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White House Ratchets Up Trade Fight

Posted by hkarner - 8. Mai 2019

Date: 07-05-2019
Source: The Wall Street Journal

U.S. trade representative says U.S. to raise tariffs to 25% on $200 billion in Chinese goods

WASHINGTON—Prospects for a speedy conclusion to the U.S.-China trade fight dimmed Monday after U.S. officials accused Beijing of reneging on its promises and vowed to implement President Trump’s threat to raise tariffs quickly on Chinese imports.

“Over the course of the last week or so, we’ve seen an erosion in commitments by China, I would say retreating from commitments that have already been made, in our judgment,” said U.S. Trade Representative Robert Lighthizer, declaring tariffs on $200 billion in Chinese imports would rise to 25% starting Friday.

The comments from Mr. Lighthizer, who was joined by Treasury Secretary Steven Mnuchin, followed tweets from President Trump on Sunday that accused China of trying to “renegotiate” and threatened to expand tariffs to cover nearly everything the U.S. imports from China. Den Rest des Beitrags lesen »

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Trump Is Now Above the Law

Posted by hkarner - 8. Mai 2019

Elizabeth Drew is a Washington-based journalist and the author, most recently, of Washington Journal: Reporting Watergate and Richard Nixon’s Downfall.

Since the release of the Mueller report, it has become increasingly clear that US Attorney General William Barr and congressional Republicans will do whatever it takes to protect President Donald Trump from legal or political accountability. If there is one safe prediction about what comes next, it is that it will be very ugly.

WASHINGTON, DC – Things have gotten ugly in Washington, DC, since the release last month of special counsel Robert Mueller’s report on Russian interference in the 2016 US presidential election, and they’re about to get uglier. It’s now clear that the United States has an attorney general who believes his job is to protect the president, facts be damned. During his testimony before the Senate Judiciary Committee last week, William Barr, the country’s top law-enforcement official, obfuscated and lied with contempt and abandon.

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Mind the Productivity Gap to Reduce Inequality

Posted by hkarner - 8. Mai 2019

Date: 07-05-2019
Source: The Wall Street Journal By Edward P. Lazear

It isn’t only an American problem, but the U.S. has lessons to learn from other wealthy countries.

How are American workers doing? Neither the middle class nor the poor have fared well in recent decades—but don’t blame tax cuts, a too-low minimum wage or the greed of the 1%. In rich countries around the world, the top half of the income distribution has been pulling away from the bottom half. Productivity growth among high-wage workers, driven by technological change, is the reason.

When measuring wage dispersion, economists frequently look at the 90/50 ratio—the wage of the worker at the 90th percentile divided by the wage of the worker at the median. In 2017 the 90th-percentile worker earned around $108,000, while the median worker earned around $45,000 a year—a ratio of 2.4. That’s an increase from 2.2 since 1997. Over the same period, the 50/10 ratio—the median wage divided by the wage at the 10th percentile—stayed flat, at 2.1. Den Rest des Beitrags lesen »

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