James K. Galbraith: The Democrats’ Disastrous Debt Deal

with Lucrezia Reichlin, Dani Rodrik, Ana Palacio, and more The Sunday Newsletter [View this message in a web browser]( [PS on Sunday]( JUNE 11, 2023 This week at [Project Syndicate]( George Soros warns that human civilization is in peril; Nina L. Khrushcheva considers whether public criticisms of Russia’s military leaders by the chief of the feared Wagner Group imply a real threat to Vladimir Putin’s regime; James K. Galbraith laments that, with the recent US debt deal, the bogus myth of bipartisanship has yet again been invoked at the American people’s expense; and more. Politics & World Affairs [Can Democracy Survive the Polycrisis?]( [George Soros]( calls attention to the growing challenges posed by AI, climate change, and the war in Ukraine. Politics & World Affairs [Russia's New Rasputin]( [Nina L. Khrushcheva]( suggests that Yevgeny Prigozhin's escalating attacks on the country's elites reflect the regime's decadence. [PS. Subscribe to PS Premium to claim your copy of PS Quarterly: At Arms.]( Economics & Finance [The Democrats’ Disastrous Debt Deal]( [James K. Galbraith]( decries the party’s willingness to play along with the Republicans’ bad-faith politicking. Economics & Finance [Can the ECB Escape Its Own Trap?]( [Otmar Issing]( examines the policy dilemma facing central banks as they try to shrink their bloated balance sheets. [The View from Poland]( [The View from Poland]( [Adam Michnik]( interviewed by [Irena Grudzińska Gross]( about recent domestic and geopolitical developments that will shape the country's future. Culture & Society [The Ukraine-Russia Culture War]( [Yuriy Gorodnichenko]( and [Ilona Sologoub]( survey the heated battles that have been playing out far from the physical battlefield. Economics & Finance [The Fight Over EU Fiscal Reform]( [Lucrezia Reichlin]( shows why the European Commission’s latest proposal, in contrast to its predecessor, solves nothing. [PS Say More: Joseph S. Nye, Jr., on Chinese power, US politics, the new cold war, and more]( [Joseph S. Nye, Jr., on Chinese power, US politics, the new cold war, and more]( [Joseph S. Nye, Jr.]( considers how China undermines its own soft power, traces the potential causes of a war over Taiwan, welcomes Europe’s embrace of “smart” power, and more. Innovation & Technology [Building a Biotech Alliance of Democracies]( [Jafer Ahmad]( and [Abigail Kukura]( explains how the US and its allies and partners can maintain leadership in a strategically vital sector. Politics & World Affairs [The Modi Decade]( [Shashi Tharoor]( assesses the sources of the Indian government's popularity, despite its mixed record over the last nine years. [From the Archive: The Republicans Lose with Trump]( From the Archive [The Republicans Lose with Trump]( [Michael R. Strain]( urges the party to draw the right conclusions from its lackluster performance in the US midterm elections. Politics & World Affairs [Can Spain Show European Leadership?]( [Ana Palacio]( worries that a snap election will undermine the effectiveness of the country’s Council of the EU presidency. Economics & Finance [National Sovereignty’s Silver Lining]( [Dani Rodrik]( explains how countries can help the global economy by pursuing their own economic-policy agendas. [PS. Subscribe to PS Digital now.]( Project Syndicate publishes and provides, on a not-for-profit basis, original commentary by the world's leading thinkers to more than 500 media outlets in over 150 countries. Receipt of this newsletter does not guarantee rights to re-publish any of its content. This newsletter is a service of [project-syndicate.org](. © Project Syndicate, all rights reserved. [Unsubscribe from this list](