French President Emmanuel Macron’s fight with public-sector rail workers will show how serious he is about economic reform. Unions are promising two days of disruption each week unless the president abandons his plan to expose the network to a whiff of economic reality. Macron should stand his ground. A government-commissioned report published in February showed just how badly France’s rail ...

Trade tensions between the US and China have escalated to the point where each side has slapped tariffs on imports. The logical question is: What now? Although a deal between the two countries will be reached by the end of May, China is expected to announce policies that attempt to mitigate any economic downside resulting from the trade frictions. Those ...

The corporation is a societal construct; we give limited liability and other rights to the corporate form, but we expect something of corporations too. Private markets are the new public markets. That’s a thing that I say a lot, but here is a front-page The Wall Street Journal article about it: “At least $2.4 trillion was raised privately in the ...