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.
New York Times (September 20)
Nobel prize winning economist Paul Krugman was convinced “the next great crisis would be different” from the last. He figured it might be technology- or resource-related, rather than financial. He’s now surprised to find “we’re having the same crisis, and making the same mistakes.” We are again suffering from “a banking crisis and a collapse of aggregate demand, aggravated by bad monetary and fiscal policy.”
