David Brooks: The urban backlash against the populist backlash – The Salt Lake Tribune


The populist backlash came in different forms in different parts of the world. In Central and Eastern Europe it came in the form of nationalist strongmen — Victor Orban, Vladimir Putin, the Law and Justice party in Poland. In Latin America it came in the form of the Pink Tide — a group of left-wing economic populists like Hugo Chávez and Nicolás Maduro. In the Anglosphere it was white ethnic nationalism of Donald Trump and Brexit. In the Middle East it was Muslim fundamentalism. In China it was the increasing authoritarianism of Xi Jinping. In India it was the Hindu nationalism of Narendra Modi.

David Brooks

A. Michael Spence and Mark Zandi: Prospects for U.S. Economy in 2013 | Ideas Lab

Excerpts from Michael Spence economic outlook for 2013: In posts for the Council on Foreign Relations Moody’s Chief Economist argues that next year will be bright for the U.S. economy. CFR’s A. Michael Spence agrees, but cites concerns that could stymie growth. A. Michael Spence, Distinguished Visiting Fellow, Council on Foreign Relations The economic outlook for the United States in 2013 is marginally brighter. The economy is adapting structurally, albeit slowly, to an altered and more sustainable growth pattern. The deleveraging process is further along, which, in turn, has spurred domestic demand. A divided Congress appears to be serious about reducing debt and long-term non-debt liabilities, and may come together around a credible stabilization path that will reassure business, reduce uncertainty, and boost investment. However, disruptive technology, global market forces, the education gap, and skills deficit mean that long-term unemployment will remain a problem. Looser monetary policy, designed to buy time for politicians to enact needed policy changes, may push the economy back toward the defective leveraged-growth model and delay long-overdue structural adjustments. http://www.ideaslaboratory.com/2013/01/01/a-michael-spence-and-mark-zandi-prospects-for-u-s-economy-in-2013/?utm_source=outbrain&utm_medium=relatedcontent&utm_campaign=ilomobile