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Posts published in “Politics”

Europe’s Struggle with China on Trade

It’s no secret that China is upending today’s world order that took shape after the dust settled post-Cold War. Rivaling US hegemony, China poses risks as well as opportunities depending on who you talk to: an emerging markets investor, a US politician or an executive of a global company.

Broadly speaking, the US, embroiled in a drawn out trade war with China, looks at the second largest economy in the world with contention. It used to be the same in Europe. Increasingly, however, countries in Europe are starting to extend their hand to China’s tempting propositions. Unfortunately, the EU only recently started to really sweat about China.…

Ode to the Free Market, I Love Capitalism!

In a New York Times letter to the editor back in 1992, a gentleman in New Jersey who lived in Russia for 35 years of his life wrote that “the way socialism works is this: By distributing the wealth, it does not make all the people rich. It makes the people poor.” Brief, yet effective and authentic, the letter recounts the poverty and anguish he witnessed in the country following World War II.

In his recent autobiography “I Love Capitalism!”, Stern’s very own Ken Langone (MBA ’60) speaks of enthusiasm, perseverance, confidence and healthy competition, as related to business and investing.…

Years in the Making, U.S.-China Trade Conflict Takes Center Stage

In an interconnected world with faster, more efficient trade flows and supply chains, the perception is often that the protectionist countries stand alone, erecting economic barriers that isolate them from the global community. Global trade is a sign of prosperity and benefits to consumers who gain access to a diverse array of goods and services, often striking a more favorable balance between price and quality. Those who question such prosperity often garner admonishment from heads of government, economists, or the media, among others.

However, globalism, or any particular system for that matter, is imperfect. Some countries or individuals benefit at the expense of others, breaking rules or violating trade agreements as they gather wealth and influence.…

To Be Held to a Higher Standard in Business

According to the Global Ethics Network, moral leadership is when an individual puts the needs of the many above his/her own and leads through persuasion, motivation, self-awareness and, most importantly, their own actions. Similarly, the Centre for Ethical Leadership defines ethical leadership as converting the values of justice, integrity, and respect into effective actions during complex and dynamic situations. More often than not, businesses find themselves in the headlines due to their financial performance rather than their moral and ethical leadership. When they do appear in the news for the latter reasons, we often ignore the headlines or give businesses and their leaders the benefit of the doubt. Recently,…

Populism: Back from the Margins of Global Politics

The return of populism to the forefront of global politics isn’t a shift of world order but does mark a turn in modern history. The world has seen a surge of populist activity in recent years, threatening to undermine democracy and liberalism in its best philosophical sense. The world must be reminded, however, that populism sniffs the air for fear and rides the tide against the existing mandate. As Winston Churchill said: “Those who fail to learn from history are doomed to repeat it.” Back from the margins of the political spectrum, populism relies on the same issues and same types of voters from history, and liberalism is tested once again.…

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