The world is full of risk, but we refuse to act like it. Parag Khanna and Karan Khemka explain why America Inc. needs to get serious if it wants to survive.
Everyone knows the current stock market roller-coaster is more digital hallucination than real economy rebound. Wall Street seems confused about the severity of COVID-19 even as thousands of Main Street businesses fail. The Federal Reserve has supplied markets trillions of dollars of liquidity, while the Treasury has mailed millions of Americans checks to tide them over. Amateur investors, bored at home, are pouring their savings into the latest chimera.
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