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State Capitalism
State Capitalism
Putin’s Crony Gets His (Un)fair Share

The purchase of Bashneft by Rosneft represents one more example of how the “market economy” works in Russia—especially when money is being transferred from one state-owned pocket into another.

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Walter Russell Mead & Staff
demographic transformation

The millennial urban boom may be coming to a close. This could have major consequences for America’s politics and geography.

No, probably not. But President Trump may have trouble lifting them in the first place.

Delivering on Promises

TPP, NAFTA, and a special deal with the UK: Trump’s first week will be a busy one.

WRM in the WSJ

Eliot Cohen’s new book presents a nuanced and compelling defense of hard power.

Infowar

Regular readers know the answer: not very effective at all.

Horn of Africa

…and that may not be such a bad thing.

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