Los Angeles Times (June 12)
“China will almost certainly pass the United States in the total size of its economy within a decade or so. But if one looks also at military and “soft power” resources, the U.S. is likely to remain more powerful than China for at least the next few decades.” But “the U.S. has to get away from thinking just about power over others and think about power with others. We do not want to become so fearful that we are not able to find ways to cooperate with China” in solving transnational challenges.
Tags: China, Cooperation, Economy, Military, Resources, Soft power, Transnational challenges, U.S.
Wall Street Journal (June 11)
Unemployment has been slowly trending down in the U.S. but still remains too high. The Federal Reserve has been doing everything it can to improve the situation, but there are limits to monetary policy. In contrast, “the fiscal cupboard is not bare. There are things we could be doing to boost employment right now. That we are not doing anything constitutes malign neglect of the nation’s worst economic problem.” Instead of complacency, “policy makers should be running around like their hair is on fire…. Congress could make a good start on faster job creation simply by ending what it’s doing—destroying government jobs.”
