Word: sameness
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The damage done to Toyota by its recall of more than 5.3 million autos is clearly accumulating: U.S. sales dropped 16% in January, and the company's stock surrendered $21 billion in value in a single week. The latest development is the automaker's admitting to design problems with the...
More important, the idea that the state made China rich is simply not true. China only started growing when the overbearing government got out of the way and allowed private enterprise, both Chinese and foreign, to thrive. The same is true in India. Across Asia, in fact, the primary engine...
The same can be asked about the state role in its economy. The evidence from Asia shows that its economies became more market-driven as they became more advanced. That's been true in China as well. Despite all the talk of state capitalism, Beijing's leaders continue to liberalize...
To his credit, Gates is mindful that the U.S.'s diplomatic assets pale in comparison to its military power. The Pentagon budget is still $660 billion, compared with State's $51 billion. To audiences, Gates often bemoans the fact that the State Department's foreign-service officers would barely crew...
Little wonder. GDP shrank by 15% last year and factories laid off thousands of workers. Transparency International's Corruption Perceptions Index for 2009 placed Ukraine 146th out of 180 countries, on the same level as Zimbabwe. "Things were better under Leonid Kuchma," says Stepan Grechkivskiy, who owns a milk factory...