When Chinese Communist Party leader Deng Xiaoping formally embraced Neoliberalism in the late 70s it was the final victory for the right-wing within the party. What followed was an opening up of China to Western business for the presumed benefit of all. In reality, China would invert the Maoist principles of the cultural revolution to [...]

Form held today, as the US choice for President of the World Bank was formally adopted as the new leader. In a vote of member states, Dr. Jim Yong Kim won election to the Presidency, beating out his chief rival, Nigeria’s Ngozi Okonjo-Iweala, a former World Bank managing director. Dr. Kim, 52, will take over [...]

Mitt Romney is running a haplessly dishonest, but potentially effective general election campaign. I don’t know if he’s going to make it to the general election. But if he does, these are the types of messages you’re going to see. The ad is a little incoherent. It features an Ohio factory owner, lamenting the leadership [...]

Chrystia Freeland has what will apparently be the basis of a new book on the “new global elite,” the new class of wealthy who caused the crisis across the world over the past few years, but who have shown almost no remorse or even self-awareness about it. The story is chock full of great quotes, [...]