APRIL 2024 MAGAZINE

There is a potentially effective international response to the rise of China as a superpower, but it will require a twenty-first century Winston Churchill with vision.  In the next decade, China is likely to challenge the United States in many ways.  Winston Churchill understood the crucial value of cooperation against a common foe.  A twenty-first century Winston Churchill, with a keen eye on the global chess board, might see the proposed “Global Government Initiative” as an opportunity to create a new political alliance.

Inflation has become a scary term not only for ordinary people but also for many confused professional economists. However, inflation is actually not only an inevitable fundamental element in the market economy, but also a key to understand many important economic phenomena that have been occurring for decades or even centuries around the world. It implements mechanism of redistributing wealth in a market and around the world.

The U.N.’s original definition of the term has been corrupted, and the current U.N. iteration (in a set of 17 Development Goals) is an overreach.  Either way it’s failing.   What is to be done? This currently fashionable concept first arose in the 1980s.  A U.N. report stressed that it should be about basic needs.  Our current emphasis on “growth” and increased “wealth” is unsustainable. I believe we must return to the original 1987 U.N. definition, which focused on our basic needs, and make it a global priority going forward.