Foreign Affairs Article

Fixing Finance

Author: Gillian Tett

As the global financial sector has swelled, the gap between the rich and the poor has grown. Three new books -- by James Galbraith, Robert Shiller, and Charles Ferguson -- come down differently on how much banks are to blame for inequality and what the government should do about it.

See more in International Finance; Financial Crises; Global

Foreign Affairs Article

Making Modernity Work

Author: Gideon Rose

Today's troubles are real, but not ideological: they relate more to policies than to principles. The postwar order of mutually supporting liberal democracies with mixed economies solved the central challenge of modernity, reconciling democracy and capitalism. The task now is getting the system back into shape.

See more in North America; Global; Politics and Strategy; History and Theory of International Relations

Foreign Affairs Article

The Democratic Malaise

Author: Charles A. Kupchan

Globalization is widening the gap between what voters demand and what their governments can deliver. Unless the leading democracies can restore their political and economic solvency, the very model they represent may lose its allure.

See more in Globalization; Global