Foreign_Affairs_-_Nov-Dec_2016_-_95600.pdf

(49712 KB) Pobierz
JOHN KERRY, ASHTON CARTER: FINAL THOUGHTS
NOVEMBER/DECEMBER 2016
november/december 2016 • volume 95 • number 6 •
the power of populism
Marine Le Pen, Fareed Zakaria,
Michael Kazin, and much more
The Power
of Populism
F O R E I G N A F F A I R S .C O M
Portrait by renowned illustrator Joseph Adolphe.
WILMINGTON TRUST RENOWNED INSIGHT
“How could the November election
affect your portfolio?”
Today, the U.S. government’s
staggering debt is $18.1 trillion.
Most of the debt is due to federal
programs like Social Security and
Medicare, which could tack on
an extra $573 billion by 2020.
We clearly need to spend less
and
earn more in order to promote
growth and create incentives that
should help keep jobs and assets in
the U.S. But it won’t be easy.
Where do the presidential
candidates stand?
Their solutions
are vastly different, with a wide range
of estimated results over the first
decade. The nonpartisan Tax Policy
Center
1
says Donald Trump’s proposed
lower taxes would cut revenue by $9.5
trillion and add $11.2 trillion to
our national debt; Hillary Clinton’s
proposed higher taxes would boost
revenue by $1.1 trillion and cut the
debt by $1.3 trillion.
The bigger picture.
The numbers
alone don’t tell the whole story.
Even if one of the proposals came
to fruition, much remains to be
quantified. For instance, how much
economic drag would result from
higher taxes? Or, conversely, would
there be enough economic stimulus
from lower taxes to make the nation
debt-neutral?
T H E U.S. G OV E R N M E N T O W E S
$
18.1
TRILLION
Source: Congressional Budget Office,
January 2016
Luke Tilley
Chief Economist
A vital part of our deep bench of
experienced analysts, strategists,
and economists, Luke oversees
Wilmington Trust’s macroeconomic
forecasting for the U.S. and
international economies. He
researches emerging issues to
support and enhance our overall
investment strategy and to
communicate the outlook to both
clients and the public at large.
For access to knowledgeable
professionals like Luke and the
rest of our team, contact Mark
Graham at 302-651-1665.
Where does that leave you?
Wilmington Trust has prudently
managed risk and stewarded client
assets through up and down markets
over the past 100 years. Though
economic growth struggles weigh
heavily on markets, we are confident
our clients’ portfolios are sensibly
positioned to meet challenges
and capitalize on opportunities
in the decade ahead – no matter
the election’s outcome.
For further insight, along
with more of our outlook
on expected trends, go to
wilmingtontrust.com/election.
F I D U C I A R Y S E R V I C E S | W E A LT H P L A N N I N G | I N V E S T M E N T M A N A G E M E N T | P R I VAT E B A N K I N G
This article is for informational purposes only and is not intended as an offer or solicitation for the sale of any financial product or service. This article is not designed or intended to provide
financial, tax, legal, accounting, or other professional advice since such advice always requires consideration of individual circumstances. If professional advice is needed, the services of your
professional advisor should be sought.
1. Information on candidates’ tax proposals taken from the Tax Policy Center’s “Analysis of Donald Trump’s Tax Plan” (published December 22, 2015) and “An Analysis of Hillary Clinton’s Tax Proposals”
(published March 3, 2016), respectively.
Private Banking is the marketing name for an offering of M&T Bank deposit and loan products and services.
Investments: • Are NOT FDIC-Insured • Have NO Bank Guarantee • May Lose Value
Wilmington Trust is a registered service mark. Wilmington Trust Corporation is a wholly owned subsidiary of M&T Bank Corporation (M&T). Investment management and fiduciary services are
provided by Wilmington Trust Company, operating in Delaware only, and Wilmington Trust, N.A., a national bank. Loans, retail and business deposits, and other personal and business banking
services and products are offered by M&T Bank, member FDIC.
Wilmington Trust Investment Advisors, Inc., a subsidiary of M&T Bank, is a SEC-registered investment advisor providing investment management services to Wilmington Trust and M&T affiliates
and clients.
©2016 Wilmington Trust Corporation and its affiliates. All rights reserved.
Volume 95, Number 6
THE POWER OF POPULISM
France’s Next Revolution?
2
9
A Conversation With Marine Le Pen
Populism on the March
Why the West Is in Trouble
Fareed Zakaria
Trump and American Populism
17
Old Whine, New Bottles
Michael Kazin
Europe’s Populist Surge
25
A Long Time in the Making
Cas Mudde
Latin America’s Populist Hangover
31
What to Do When the People’s Party Ends
Shannon K. O’Neil
Populism Is Not Fascism
39
But It Could Be a Harbinger
Sheri Berman
The Globalization of Rage
COVE R: JON BE RKELEY
46
Why Today’s Extremism Looks Familiar
Pankaj Mishra
November/December 2016
BA R UC H CO L LEG E I S PR OU D TO A N N O UN CE TH E
AUSTIN W. MARXE SCHOOL OF PUBLIC
AND INTERNATIONAL AFFAIRS
Austin W. Marxe (BBA ’65)
For your transformational gift to our institution and to our students
and faculty. In your name, we will prepare future leaders for
public service, and for careers in non-governmental and private
organizations, where they will help bring about meaningful
change around the world.
Thank You
baruch.cuny.edu/mspia
ESSAYS
The Envoy
56
65
A Conversation With John Kerry
The Rebalance and Asia-Pacific Security
Building a Principled Security Network
Ash Carter
How to Succeed in the Networked World
76
A Grand Strategy for the Digital Age
Anne-Marie Slaughter
Salvaging Brexit
The Right Way to Leave the EU
Swati Dhingra
The Cruise That Changed China
90
What Zhao Could Teach Xi
Julian Baird Gewirtz
Egypt’s Nightmare
101
Sisi’s Dangerous War on Terror
Steven A. Cook
Erdogan’s Journey
110
121
Conservatism and Authoritarianism in Turkey
Halil Karaveli
ON FOREIGNAFFAIRS.COM
H. Akin Unver
and
Hassan Alassaad
on
Turkey’s coup attempt.
Nima Sanandaji
on how
Americans misread the
Nordic model.
Rebecca Liao
on the
increasing irrelevance of
the G-20.
November/December 2016

Plik z chomika:

Inne pliki z tego folderu:

Inne foldery tego chomika:

Zgłoś jeśli naruszono regulamin