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Hong Kong’s Fight for Life  

Hong Kong has justified its existence as an interface between Western neoliberal globalism and China’s statist authoritarian capitalism. China no longer needs the city to play that role; Hong Kongers desperately need an alternative.



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Ayn Rand and the Cruel Heart of Neoliberalism  

Trump is in most ways a Rand villain—a businessman who relies on cronyism and manipulation of government. Yet he praises The Fountainhead: “It relates to business, beauty, life and inner emotions. The book relates to . . . everything.”



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Balancing Act  

If two recent analyses of populism agree on one thing, it’s that democracy and capitalism have fallen out of balance. Less clear is how—or whether—the truce between them should be restored.