Many Western countries – especially the US, Japan, and Germany – should pursue direct government intervention in wage bargaining, says former Editor in Chief of The Economist Bill Emmott.
To have unlimited access to our content including in-depth commentaries, book reviews, exclusive interviews, PS OnPoint and PS The Big Picture, please subscribe
Perhaps nothing could have saved TikTok from the recently enacted US law requiring that it be sold to a non-Chinese owner or be banned outright. But one thing is certain: the company’s aggressive lobbying strategy ultimately did more harm than good.
thinks the company sealed its fate by aggressively interfering in the US political process.
Although the US has abandoned its policy of engagement with China, the strategy of great-power competition that has replaced it does not preclude cooperation in some areas. A good analogy is a soccer match, where two teams battle fiercely but abide by certain rules and boundaries, kicking only the ball, rather than each other.
identifies seven areas where the two countries can still work together toward mutually beneficial outcomes.