I think we now have seen the descent of a new Cold War divide – this time not in Berlin but on Russia’s borders. Can it end there? I mean it’s already fateful – can it not get worse? I think it depends on whether the West now rises to leadership and gives Putin the guarantees he needs to back off. Now, in America there’s a different view – that he has to back off first. But that’s where we stand. -- Steven Cohen
Inequality across much of Europe has widened, but it is still quite modest when compared with the vast income gap in the United States.The question is whether relative equity can hold as workplace institutions that for decades protected European employees’ standard of living give way to a more lightly regulated, American-style approach, where the government hardly interferes in the job market and organized labor has little say.
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