Escaping the Western Wage Trap
Many Western countries – especially the US, Japan, and Germany – should pursue direct government intervention in wage bargaining, says former Editor in Chief of The Economist Bill Emmott.
Iran’s mass ballistic missile and drone attack on Israel last week raised anew the specter of a widening Middle East war that draws in Iran and its proxies, as well as Western countries like the United States. The urgent need to defuse tensions – starting by ending Israel’s war in Gaza and pursuing a lasting political solution to the Israeli-Palestinian conflict – is obvious, but can it be done?