I do not believe that the very sharp Branko Milanovic ever studied George Kennan’s “Long Telegram”: his 8000-word message in 1946 back from Moscow, where he was then U.S. ambassador, to the State Department in Washington. In Kennan’s view, what was required was containment. And, indeed, containment was the keystone, indeed the whole arch, of … Continue reading Perhaps Today We See Not a New Crisis of Liberal Democratic Capitalism, But an Old Condition Recurring