Financial Markets

Foreign Affairs Article

Capitalism and Inequality

Author: Jerry Muller

Inequality is rising across the post-industrial capitalist world. The problem is not caused by politics and politics will never be able to eliminate it. But simply ignoring it could generate a populist backlash. Governments must accept that today as ever, inequality and insecurity are the inevitable results of market operations. Their challenge is to find ways of shielding citizens from capitalism's adverse consequences -- even as they preserve the dynamism that produces capitalism's vast economic and cultural benefits in the first place.

See more in Financial Markets; Poverty

Analysis Brief

Bears in Moscow

Author: Lee Hudson Teslik

The global financial crisis has taken a particularly harsh toll on Russia, where the leading stock index has lost more than half its value since July. Moscow has devised a bailout package, but analysts say more pain could be on the way, particularly if oil prices keep falling.

See more in Russian Federation; Financial Markets