The next Russian Revolution started this month. It will be another two or three or even four decades before the Russian people take to the streets to overthrow their dictator — and the timing will depend more on the price of oil than on anything else — but as of Sept. 24, revolution rather than evolution became Russia’s most likely path in the medium term.
Yesterday Chrystia sat down with PIMCO CEO Mohamed El-Erian, Washington Post columnist George Will, and former Council of Economic Advisors Chairman Austan Goolsbee on the set of ABC’s This Week with Christiane Amanpour. Here’s the video of their discussion about the latest developments in the European debt crisis, China’s economic slowdown, and other dangers facing the global economy today:
Get ready for the global brain. That was the grand finale of a presentation on the next generation of the Internet I heard last week from Yuri Milner. G-8 leaders had a preview of Milner’s predictions a few months earlier, when he was among the technology savants invited to brief the world’s most powerful politicians in Deauville, France.
Amid all the fears surrounding the future of the euro, Chrystia appeared on Stephen Colbert’s show last night to answer what is perhaps the most pressing question in the field of international political economy today: will the upcoming Oktoberfest celebrations in Germany complicate Europe’s rescue package for Greece?
We know one thing for sure: the gap between rich and poor in the United States has widened in the past 30 years. In 2007 the top 1 percent of earners took home 18.3 percent of national income — that is more than two and a half times their level in 1973, when their share was 7.7 percent. Those at the top haven’t enjoyed such a big slice of the national pie since 1929. The middle-class dominated nation that the Greatest Generation inhabited has become as polarized as the plutocracies of Latin America or as America itself was during its fevered Gilded Age.
Where is a superpower when you need one?
Many Americans suspect that their country’s relative decline is being met with gloating in other parts of the world — and not just in the dictatorships that have good reason to fear a strong United States. Americans imagine that even many firm friends have long nursed quiet resentments of the rule of their big brother, and that those historic slights mean a certain pleasure is being taken in America’s waning.
As the United States prepares to commemorate the tenth anniversary of the 9/11 attacks this weekend, one of the most striking contrasts is between a country that was united in the face of a foreign enemy a decade ago, and that same nation today, which is so bitterly divided as it confronts domestic challenges of equal, if not greater, magnitude.