As Winter approaches, many people in Central and Eastern Europe remember the chill caused last winter by Russia's deliberate cut-off of gas supplies. Until the EU establishes a common energy policy and a single market for natural gas, Russia will be tempted to use new blockades to continue the divide-and-rule policy that the world has witnessed since Vladimir Putin came to power.
COPENHAGEN – As winter approaches, many people in Central and Eastern Europe remember the chill caused last winter by Russia’s deliberate cut-off of gas supplies. That shutdown was a harsh reminder that gas is now the Kremlin’s primary political instrument as it seeks to re-establish its privileged sphere of interest in what it thinks of as Russia’s “near-abroad.” If Russia is allowed to continue imposing Moscow rules on Europe’s energy supplies, the result will be costly – not only for Europe, but for Russia as well.
So it is past time that the European Union stopped treating energy as a bilateral issue, with some of the larger member states trying to protect their own narrow interests at the expense of the common European good. The EU urgently needs to build a common energy policy and a single market for natural gas. Until both are established, there is a grave risk that Russia will use new blockades to continue the kind of divide-and-rule policy that the world has witnessed since Vladimir Putin came to power.
The planned Nord Stream gas pipeline on the bottom of the Baltic Sea is a good example of the problems that everyone in Europe is facing. The pipeline has been established as a Russian-German-Dutch consortium, but it is the Russian energy giant Gazprom that is in the driver’s seat with 51% of the shares. Nord Stream will enable Russia to deliver natural gas directly to Germany without using the existing land-based connections.
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Rather than reducing concentrated market power through “disruption” or “creative destruction,” technological innovation historically has only added to the problem, by awarding monopolies to just one or a few dominant firms. And market forces offer no remedy to the problem; only public policy can provide that.
shows that technological change leads not to disruption, but to deeper, more enduring forms of market power.
The passing of America’s preeminent foreign-policy thinker and practitioner marks the end of an era. Throughout his long and extraordinarily influential career, Henry Kissinger built a legacy that Americans would be wise to heed in this new era of great-power politics and global disarray.
reviews the life and career of America’s preeminent foreign-policy scholar-practitioner.
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COPENHAGEN – As winter approaches, many people in Central and Eastern Europe remember the chill caused last winter by Russia’s deliberate cut-off of gas supplies. That shutdown was a harsh reminder that gas is now the Kremlin’s primary political instrument as it seeks to re-establish its privileged sphere of interest in what it thinks of as Russia’s “near-abroad.” If Russia is allowed to continue imposing Moscow rules on Europe’s energy supplies, the result will be costly – not only for Europe, but for Russia as well.
So it is past time that the European Union stopped treating energy as a bilateral issue, with some of the larger member states trying to protect their own narrow interests at the expense of the common European good. The EU urgently needs to build a common energy policy and a single market for natural gas. Until both are established, there is a grave risk that Russia will use new blockades to continue the kind of divide-and-rule policy that the world has witnessed since Vladimir Putin came to power.
The planned Nord Stream gas pipeline on the bottom of the Baltic Sea is a good example of the problems that everyone in Europe is facing. The pipeline has been established as a Russian-German-Dutch consortium, but it is the Russian energy giant Gazprom that is in the driver’s seat with 51% of the shares. Nord Stream will enable Russia to deliver natural gas directly to Germany without using the existing land-based connections.
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