Why China won’t rule
- 22 May 2012
As the backlash against German-led austerity continues, historian Victor Davis Hanson points out that anytime Germany has been both unified and isolated, armed conflict has followed. So "I would not keep poking the Germans unless you are able to deal with them when they wake up." National Review Online
"The financial re-engineering of Europe is a prerequisite for the euro to survive. Greece is bringing forward that moment of truth. And yet politicians, particularly in Germany, have still to accept the logic, let alone explain it." The Economist
Given the strong political connections between JPMorgan Chase and the Obama administration, Simon Johnson calls for an independent investigation into what happened at the bank. Furthermore, he presents five questions that such an investigation should consider. Economix
Even though many pundits have raised the question about whether China is poised to overtake the US and become the world's next superpower, Robert Skidelsky says the more sensible question, is not whether China will replace the US, but whether it will start to acquire some of the attributes of a world power. Project Syndicate
"Central bankers were much too arrogant and claimed much too much credit and much too much impact in the good years. Trying to be honest with people about policy limitations while not sounding like you're resigned has been hard." Real Time Economics
Got any other suggestions for what we should be reading? Tell us below?
Sign up for our free email newsletter here.
- Scams on the rise following new pension freedoms
- Driving in inappropriate footwear could invalidate your car insurance
- Five stocks you shouldn't 'sell in May'
- Right to Buy extended to 1.3m housing association tenants, but Shelter warns of trouble ahead
- Five funds to weather the bond market storm
- Ryanair finds it pays to be nice as profits soar 66% on customer service drive
- Personal allowance to rise with minimum wage
- Watchdog investigates as thousands of vulnerable customers are switched to pre-paid meters
- Government pledges no income tax rises for five years, plus other Queen's Speech news
- Regulator looks to fine three men £80m over sales of 'death bonds'