Recent Posts

Ukraine and the Return of the Multipolar World

Ukraine is itself not a repudiation of the idea of spheres of influence, but rather a clear example of how they work in practice. IN DECEMBER 2021, Secretary of State Antony Blinken addressed negotiations over Russia’s formidable military buildup around Ukraine. He reiterated that the United States would not discuss …

Read More »

Turkey’s runaway inflation soars to near 79%

The Turkish government’s continued failure to stabilize the battered lira raises the prospect of inflation topping 100% in the fall. Consumer prices in Turkey rose 4.95% in June, bringing annual inflation to 78.6%, the highest reading since 1998, according to official data released Monday. The spiraling inflation — fueled mainly …

Read More »

The Second-Coming Of The BRICS

When the inaugural BRIC summit took place in 2009, it was a moment of relative triumph for its members. While the West dealt with the worst financial crisis since the Great Depression, BRIC countries — Brazil, Russia, India and China — enjoyed temporary shelter from the turmoil. When South Africa …

Read More »