Recent Posts

China is outgrowing ‘factory of the world’ tag

President Donald Trump talked tough against Mexico, and then essentially agreed to renew the existing trade deal and called that a victory. If only the China spat could end the same way. It won’t. That’s because the gulf between Beijing and Washington is not just caused by recent rhetoric and tariffs. It also goes beyond national security concerns. The inevitable ...

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Imagine if shareholders didn’t come first at all

US Senator Elizabeth Warren has proposed a bill — the Accountable Capitalism Act — that would require large companies to create corporate charters that take account of the interests of workers, customers and communities in addition to shareholders. To enforce this dictum, it would give each company’s employees the power to elect 40 percent of the corporate directors. Right now, ...

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New Delhi shoots wrong general in lost war on cash

When there’s no trick left to defend a spectacularly failed experiment, blame Raghuram Rajan. If India’s top policy think tank is to be believed, the reason economic growth faltered last year, reaching 5.6% in the June quarter after 7.6% nine months earlier, had nothing to do with the November 2016 ban on 86% of the country’s cash. The decline had ...

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