Larry Summers On Modi’s Demonetisation

Without new measures to combat corruption, we doubt that this currency reform will have lasting benefits.  Corruption will continue albeit with slightly different arrangements.

It's A Long, Deep, Constant Fight Against Corruption: Modi

The Kushner Factor

Just as Trump’s unorthodox style allowed him to win the Republican nomination while spending far less than his more traditional opponents, Kushner’s lack of political experience became an advantage. Unschooled in traditional campaigning, he was able to look at the business of politics the way so many Silicon Valley entrepreneurs have sized up other bloated industries.

“Jared understood the online world in a way the traditional media folks didn’t. He managed to assemble a presidential campaign on a shoestring using new technology and won. That’s a big deal,” says Schmidt, the Google billionaire. “Remember all those articles about how they had no money, no people, organizational structure? Well, they won, and Jared ran it.”

“There’s some aspects of the Democrat Party that didn’t speak to me, and there are some aspects of the Republican Party that didn’t speak to me. People in the political world try to put you into different buckets based on what exists. I think Trump’s creating his own bucket–a blend of what works and eliminating what doesn’t work.”

The Two Party System Continues

America is a two party democracy, and it continues. The Republican Party is not dead, although a major act of creative destruction might have happened. The Democratic Party is now a municipal party, but such total defeat is also the best place to be from where to mount a strong comebck.

NATO is too expensive. That is the electoral verdict. The unfinished business of ending the Cold War once and for all perhaps now will be finished. Architecting a normal relationship with Russia might be at hand.

Trump's ascent might be a challenge to the solar entrepreneurs who now have to make sure dirty energy gets priced out completely.