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Filtering by Category: The Atlantic
Moisés Naím / The Atlantic
Ten years ago, a survey published in the Journal of Economic Perspectives found that 77 percent of the doctoral candidates in the leading American economics programs agreed or strongly agreed with the statement "economics is the most scientific of the social sciences."
Read MoreMoisés Naím / The Atlantic
The 1990s was the era of the Washington Consensus—a suite of reforms, including privatization and open trade, that the World Bank, International Monetary Fund (IMF), and U.S. Treasury Department urged governments around the world to adopt for their economies to prosper. That consensus has vanished with financial crashes in countries such as Mexico and Russia, the 2008 financial crisis, and the general disappearance of consensus in this politically fractured world.
Read MoreMoisés Naím / The Atlantic
As heads of state gather this week in Panama for the Summit of the Americas, expect a celebration, a confrontation, and lots of lies.
Read MoreMoisés Naím / The Atlantic
What do Russia, Exxon Mobil, and ISIS have in common? Not much, except that they’re all grappling with an inconvenient but incontrovertible truth: a sudden, significant, and prolonged shift in the price of oil changes the world.
Read MoreMoisés Naím and Philip Bennett / The Atlantic
Two beliefs safely inhabit the canon of contemporary thinking about journalism. The first is that the Internet is the most powerful force disrupting the news media. The second is that the Internet and the communication and information tools it has spawned—like YouTube, Twitter, or Facebook—are shifting power from governments to civil society and to individual bloggers, netizens, or citizen journalists.
Read MoreMoisés Naím / The Atlantic
On Wednesday, Presidents Barack Obama and Raúl Castro announced the most profound change in relations between the United States and Cuba in decades.
Read MoreMoisés Naím / The Atlantic
A young Mexican president assumes office and surprises the world, not least his own nation. He proposes unprecedented reforms that don’t just clash with the entrenched ideologies of his party, the ever-mighty PRI (Institutional Revolutionary Party), but also with some of the country’s most powerful interests: hitherto untouchable economic titans, union bosses, and local chieftains. International observers laud the potential of the reforms to make Mexico less corrupt, and more prosperous and just. But at home, the reforms are met with distrust and seen by many as just another ploy that will benefit the greedy elites who build fortunes on the backs of the poor. Analysts and academics take to opinion pages and talk shows to predict that the reforms will have devastating social effects. Leftists and nationalists alike equate the reforms with submission to yanqui imperialism. Businessmen, too, oppose the reforms, which will increase competition and thus threaten their firms’ market dominance. The reforms may promise hypothetical benefits in the long term, but in the short term they pose tangible costs to these disparate and politically influential groups.
Read MoreMoisés Naím / The Atlantic
American voters are furious with their government and their politicians. That is the central message of the recent midterm elections. In explaining the electoral results, many analysts have stressed the anxiety about the future that led voters to reject their current leaders, especially the president, whose popularity has sunk. This summer, when pessimism was peaking, more than three-quarters of American adults felt their children would be worse off than they are.
Read MoreMoisés Naím / The Atlantic
Apple sold over 10 million iPhone 6s in a single weekend—a record. Google is under pressure from European authorities on two fronts: concerns over anti-competitive practices and privacy violations, following an EU court ruling recognizing citizens’ “right to be forgotten” by the web. Amazon is embroiled in a commercial dispute with Hachette and retaliated by discriminating against writers working with the publisher. In reaction, many prominent authors have signed an open letter denouncing Amazon’s behavior.
Read MoreMoisés Naím / The Atlantic
“Congressional leaders left the White House on Wednesday ‘deeply frustrated’ that President Obama had not found a swift resolution to the conflict between Sunnis and Shiites that began in the seventh century A.D…. ‘All we ask of this President is that he do one thing: settle a religious conflict that has been going on for a millennium and a half,’ [Senator] McConnell said. ‘What did he offer today? Nothing.’ Speaker of the House John Boehner … [added], ‘This struggle between Sunnis and Shiites has been going on for almost fifteen hundred years … [which] means President Obama has had ample time to fix it.”
Read MoreMoisés Naím / The Atlantic
Who invaded Crimea? Civil society. Who has occupied government offices and police headquarters in eastern Ukraine, bringing massive instability to that region? Civil society. Who is fighting the governments of Bashar al-Assad in Syria and Nouri al-Malaki in Iraq? Civil society. And who are the colectivos confronting Venezuelan students who protest against the government? Civil-society activists, of course.
Read MoreMoisés Naím / The Atlantic
Who is to blame for the dramatic rise in inequality in recent years? The bankers, many people say. According to this view, the financial sector is guilty of triggering the global economic crisis that began in 2008 and still affects millions of middle-class families in Europe and the United States, who've seen their purchasing power diminish and job prospects wither. The outrage is amplified by the fact that not only have the bankers and financial speculators escaped punishment for their blunders, but many are now even richer than they were before the crash. Others blame growing inequality on wages in countries like China and India, where low salaries depress incomes of workers in the rest of the world. Asia’s cheap labor compounds the problem because it creates unemployment in countries where companies close factories and “export” jobs to cheaper markets overseas. Still others see technology as the culprit. Robots, computers, the Internet, and greater use of machines in factories, they say, are replacing workers and thus boosting inequality.
Read MoreMoisés Naím / The Atlantic
Two years ago, I wrote, “Inequality will be the central theme of 2012. It has always existed and is not going away, but this year it will top the global agenda of voters, protesters and politicians…. In 2012, peaceful coexistence with inequality will end and demands and promises to fight it will become fiercer and more widespread than they have been since the end of the Cold War.”
Read MoreMoisés Naím / The Atlantic
First postcard: “On March 5, when the restaurant where he worked on the outskirts of Caracas closed due to nearby protests, Moisés Guánchez, 19, left to go home. But he found himself trapped in an enclosed parking lot near the restaurant with around 40 other people, as members of the National Guard fired teargas canisters and rubber bullets in their direction. When Guánchez attempted to flee the lot, a guardsman blocked his way and shot toward his head with rubber bullets. The shot hit Guánchez’s arm, which he had raised to protect his face, and he was knocked to the ground. Though Guánchez offered no resistance, two guardsmen picked him up and took turns punching him, until a third approached and shot him point blank with rubber bullets in his groin. He would need three blood transfusions and operations on his arm, leg, and one of his testicles.”
Read MoreMoisés Naím / The Atlantic
Do you understand money? Let’s see how well you do with the following questions.
Read MoreMoisés Naím / The Atlantic
Hardly a day goes by without an article predicting, lamenting, or celebrating America's decline. The turmoil in Crimea and Syria, the polarized and frequently gridlocked U.S. political system, the deepening income and wealth inequalities in the United States, and the growing clout of rivals like China and Russia are all offered as proof of waning American power.
Read MoreMoisés Naím / The Atlantic
Street protests are in. From Bangkok to Caracas, and Madrid to Moscow, these days not a week goes by without news that a massive crowd has amassed in the streets of another of the world’s big cities. The reasons for the protests vary (bad and too-costly public transport or education, the plan to raze a park, police abuse, etc.). Often, the grievance quickly expands to include a repudiation of the government, or its head, or more general denunciations of corruption and economic inequality.
Read MoreMoisés Naím / The Atlantic
Turkey's Recep Tayyip Erdoğan and Venezuela's Nicolás Maduro agree: There is a vast international conspiracy underway to destabilize their governments and eventually oust them from power.
Read MoreMoisés Naím / The Atlantic
“Even in tragedy, Latin America can’t compete,” a cynical friend told me. He was referring to the fact that the region’s poverty is not as grim as Africa’s, armed conflicts not as threatening as Asia’s, and terrorists not as suicidal as the Middle East’s. The problems in Latin America are often overshadowed by those in the rest of the world. Elsewhere, tragedies are more serious and more likely to spill over into other countries.
Read MoreMoisés Naím / The Atlantic
In Venezuela, students have been killed while protesting against the government of Nicolás Maduro, who is jailing opposition leaders and just closed a television station that dared broadcast the demonstrations. Argentina is irresponsibly racing toward a dangerous economic cliff. The Brazilian economy is in recession and 2014 will mark its fourth consecutive year of subpar growth, as the country reels from its largest capital flight in more than 10 years.
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