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America's emulation of China calls for new rules

CAMBRIDGE โ€” It is common to think of US-China tensions as the inevitable result of stark differences between the two countries. The United States has a fully capitalist market economy, whereas the Chinese government keeps a strong hand on the economic tiller. For all its faults, the US is a democracy, whereas China is a single-party system that brooks no political challenge.
United States United Kingdom Dani Rodrik Moritz Schularick Donald Trump Niall Ferguson

President of Germany's Kiel Institute proposes financing war rearmament using the Nazi model

As well as massive cuts in social programmes, theย president of the Kiel Institute for the World Economy is proposing an annual special fund of โ‚ฌ150 billion for the military, financed through credit. Just as under the Nazis, such massive credits can only be repaid through the booty of imperialist wars of conquest.
Columbia University New York United States Israel General Boris Pistorius Das Kieler Institut
Source: wsws.org

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