We are in a real-life game of Risk. In 2019, Fiona Hill, an official at the US National Security Council during Donald Trump’s first term, said the Russians had informally proposed a plan whereby they

Issue of the week: Venezuela and the markets ...

FOUR WEEKS BEFORE THE BEGINNING of his second term as President, Donald Trump abruptly floated the idea of taking back the Panama Canal. It had been a quarter-century since the U.S. formally ceded to

The development and future of capitalism

“Whatever Washington’s plans for the future of Venezuelan governance,” the “show of US force in Latin America” (see page 26) looks like “the first manifestation of a more assertive American foreign po

How’s the trade war going? Short answer: as badly as expected. Capricious tariffs have shown the rest of the world that the US cannot be trusted. And they have pushed trading partners away and closer