Douglas Rediker in The New York Times | 'A Fund to Rival Those of Other Governments'

Communications — Mon, 22 Sep 2008 15:53:00 -0400

The new fund, assuming it is approved by Congress, could pull the United States deeper into a form of capitalism in which the most powerful financial entities are not risk-happy investment banks, but more cautious state-sponsored entities. While not necessarily a third economic way, this general approach presumes that the government -- in addition to the private sector -- plays a crucial role in deciding how best to deploy a nation’s investment capital.

“This gets to the point of state capitalism and defining what the role of the government is in a free-market economy,” said Douglas Rediker, a former investment banker who studies sovereign funds at the New America Foundation in Washington. LINK

Parag Khanna and Fareed Zakaria in Wired | 'The Post-National, Post-American World as a League of Regions'

Communications — Mon, 02 Jun 2008 14:51:00 -0400

...Two new books – The Post-American World by Fareed Zakaria and The Second World by Parag Khanna – argue that the new global economy power will be more dispersed and multipolar.

"Mr. Zakaria believes we are experiencing modern history's third great power shift, after the rise of the West from the 15th century on, and the rise of the U.S. in the 19th century. But he argues that this latest transition is not so much about the decline of America as it is about “the rise of the rest,” and by that he means much more than simply China or India. The end result will be a “landscape that is quite different from the one we have lived in until now – one defined and directed from many places and by many peoples.” Mr. Khanna similarly predicts that we are headed toward a “global, multi-civilizational, multipolar” world with three superpowers: the U.S., China and the European Union.

"Each of the Big Three powers will assert its influence differently, but the intense demand for energy and resources means that the underlying goal will be the same. And the main battlefield for this geopolitical competition, Mr. Khanna argues, is the “second world” – about… more

Global Economic Strategy: Press

Douglas Rediker in The New York Times | 'A Fund to Rival Those of Other Governments'

Parag Khanna and Fareed Zakaria in Wired | 'The Post-National, Post-American World as a League of Regions'