Gabriel Schoenfeld

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The Chinese Communist Party's power has long rested on four pillars: economic growth, nationalism, repression and communist ideology. The last of these withered away almost entirely as China liberalized its economy, with slogans such as "Long live the invincible Marxism-Leninism theory" replaced by "To get rich is glorious." Now the first pillar is unstable too.

All eyes are on the gyrating Chinese stock market. Its precipitous decline and the surprise devaluation of the renminbi have been roiling world markets and stoking fears of currency wars and beggar-thy-neighbor trade policies. Given that only about 1% of our gross domestic product comes from trade with China, the U.S.…  Seguir leyendo »

Edward Snowden’s removal of thousands, perhaps millions, of highly classified documents from the National Security Agency and his decision to turn them over to journalists for publication ignited a fierce debate about who and what he is. On one side are those who hail Snowden as a whistleblower, someone who, as the New York Times editorialized, “has done his country a great service.” Others regard him as a criminal or traitor. Neither this debate nor the public discussion of government secrecy and surveillance policies that Snowden’s actions sparked will be resolved anytime soon.

Snowden, meanwhile, says that his “mission’s already accomplished,” that he has given Americans a “say in how they are governed” and that he has succeeded in exposing the workings of what he has called the unbridled “surveillance state.”…  Seguir leyendo »