How strong is the Chinese-Russian axis? This, and not Tibet, was what I wanted to discuss when I called in on the Chinese Foreign Ministry in Beijing last week –even though the response of western media to the Chinese ‘crackdown’ in Lhasa gave part of the answer to the question. In the Far East, there … Continue reading The China-Russia Axis
Author: Robert Skidelsky
What to Make of Medvedev
The advent of the Medvedev presidency has brought into focus two opposite conjectures about Russia. One is represented by Edward Lucas’s book ‘The New Cold War: How the Kremlin Menaces both Russia and the West’. Lucas argues that Russia is trying to rewrite the last chapter of the Cold War. Under Putin it has been … Continue reading What to Make of Medvedev
The Moral Vulnerability of Markets
Today, there seems to be no coherent alternative to capitalism, yet anti-market feelings are alive and well, expressed for example in the moralistic backlash against globalization. Because no social system can survive for long without a moral basis, the issues posed by anti-globalization campaigners are urgent – all the more so in the midst of … Continue reading The Moral Vulnerability of Markets
Russians don’t follow the western script
According to much Western commentary, a new cold war is brewing between Russia and the West. Russians are coming to be seen as enemies, not partners. We are told that they are obsessed with the thought that the West is trying to strangle Russia; that they believe that Russia must stand up for its sovereignty … Continue reading Russians don’t follow the western script
The Iranian dilemma
In his State of Union Address of 2002, President Bush named Iran as part of the ‘axis of evil’ for ‘exporting terror’ and developing weapons of mass destruction. Since then, a ‘cold war’ has frozen relations between the two countries. I am convinced that had things gone better for America in Iraq, Iran would by … Continue reading The Iranian dilemma
The Securitized Debt Crisis
Until about a year ago, it was widely believed that financial shocks occur only in emerging markets. Advanced countries with ‘mature’ financial systems had discovered the secret of markets that never crash. This so-called wisdom has now been turned on its head. The United States has sneezed, and it remains as true today as it … Continue reading The Securitized Debt Crisis
Russia should leave the British Council alone
Britain and Russia should be friends. Born of originally Russian parents, and brought up in England, I can appreciate the two countries’ cultural appeal to each other, quite apart from the fact that they were allies in the two world wars. But friends can, and do, quarrel, and friendship cannot survive escalating bickering. Consider the … Continue reading Russia should leave the British Council alone
Veronika Krasheninnikova and ‘The Cold War of Cultures’
American-Russian relations are plagued by ‘mutual misperceptions and misunderstanding’. So says Veronika Krasheninnikova in an important new book амерйка-россиа-холодая воина култур (America-Russia: Cold War of Cultures). Each country perceives the other through its own cultural and ideological lenses. As Ms Krasheninnikova tells it, the US view of the world is governed by a ‘unique ideology’ … Continue reading Veronika Krasheninnikova and ‘The Cold War of Cultures’
Vladimir de Gaulle?
The greatest disappointment of the postcommunist era has been the failure of the West – particularly Europe – to build a successful relationship with Russia. Most policymakers and experts expected that, after an inevitably troublesome period of transition, Russia would join the United States and Europe in a strategic and economic partnership, based on shared … Continue reading Vladimir de Gaulle?
Portrait: Joseph Schumpeter
Joseph Alois Schumpeter (1883-1950) was one of the greatest economists of the 20th century—commonly bracketed with such giants as Keynes, Hayek and Friedman. He is best known for his theory of "creative destruction"—the view that the capitalist system progresses by constantly revolutionising its economic structure. New firms, new products, new technologies continually replace old ones. … Continue reading Portrait: Joseph Schumpeter