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The company has benefited from booming demand for its new IPhone 13 and other older models as well as subscription services such as Apple Music, Apple TV+, iCloud and its popular App Store.

Sales surged nearly 30% to more than $83 billion in Apple's most recent quarter, which ended in September.

The company has a whopping $191 billion in cash as well.Read More

Apple may have some company in the $3 trillion club. Microsoft (MSFT) is now worth about $2.6 trillion and Google owner Alphabet's (GOOGL) market value is right around $2 trillion.

Still giant but further behind are Amazon (AMZN), which has a market cap of $1.7 trillion, and Elon Musk's Tesla (TSLA), worth $1 trillion.

he is discussing possible charges against Henry with the judge.

Symbolic acts of sanctioning individuals and issuing sharply worded statements are nothing new in the long and troubled relationship between Tehran and Washington.

The Biden administration needs a foreign policy success, particularly after the chaotic exit from Afghanistan, and has said it prefers a diplomatic resolution to the nuclear standoff over military confrontation.

The Biden administration initially wanted to return to the original deal while following the Trump blueprint on missiles and foreign policies, but has now indicated it would accept a return to the 2015 accord without those strings attached.

initially demanded the lifting of all sanctions imposed by Mr. Trump and guarantees that a future American president would not withdraw from the deal. But Tehran has softened those demands as the negotiations have progressed in Vienna.

Former President Donald Trump withdrew from the nuclear deal in 2018 and imposed tough economic sanctions cutting off most of Iran’s oil revenues and international financial transactions. Mr. Trump’s goal was to pressure Iran into a deal that reached beyond its nuclear program, restricting its ballistic missiles and regional political and military activities.

“We will facilitate revenge on Americans in any place, even their own homes and by people close to them, even if we are not present,” he said in a video of the speech.

Yet neither side wants to seem too eager to compromise, which would risk appearing weak.

The recent jousting between Tehran and Washington is linked to Iran’s commemoration on Jan. 3 of the two-year anniversary of the U.S. assassination of General Suleimani. In speech after speech during the ceremonies, Iranian officials threatened revenge against American officials — even though Iran had retaliated five days after the assassination with a ballistic missile strike on an American military facility in Iraq.

Ebrahim Raisi, the newly elected hard-line Iranian president, said that former President Trump and his secretary of state, Mike Pompeo, should stand trial in an impartial court and face “ghesas,” a term that in Islamic jurisprudence means an “eye for an eye.” Otherwise, he warned, people would take their own revenge.

Iran’s supreme leader, Ayatollah Ali Khamenei, signaled an indirect endorsement of talks with the U.S. in a speech on Monday when he said the Islamic Republic “holding talks and negotiating with the enemy at certain junctures does not mean surrendering.”

Over a four-day period, they unleashed a series of rocket and drone attacks on a U.S. military base in western Iraq and on the living quarters of State Department employees at the Baghdad airport, according to the Iraqi military and an official with the U.S.-led anti-ISIS coalition based in Baghdad, who asked not to be named because he was not authorized to speak publicly.

In northeastern Syria, artillery rounds were fired at a Syrian-Kurdish-led base with U.S. advisers, according to the U.S.-led coalition, which issued a statement blaming the attacks on “Iran-supported malign actors.”

Tehran’s proxies were launching the attacks, Iranian officials were expressing a surprisingly optimistic view of the talks in Vienna, now in their eighth round, while the State Department was offering a more measured assessment.

An adviser to Iran’s Foreign Ministry said he believed a deal could be reached before mid-February, which would coincide with the anniversary of the 1979 Islamic revolution.

made an important concession to get things rolling by agreeing to work from a draft agreement worked out with Mr. Rouhani’s team,

Under that agreement, the U.S. would lift all sanctions related to the nuclear deal (while keeping those for human rights and other issues) and Iran would return to its technical commitments regarding its nuclear program under the old treaty.

Washington’s outlook has been more cautious than Tehran’s.

“I’m not going to put a time limit on it or give you the number of meters remaining on the runway, except to say, ‘Yes, it is getting very, very, very short,’”

Iran may have softened its initial demand for the removal of all sanctions imposed after Mr. Trump exited the deal, including those related to human rights.

Iran was pursuing “the removal of sanctions” related only to the original nuclear deal and looking to complete sanctions removal sometime in the future.

Iran has long maintained that its nuclear program is for peaceful purposes. But if the talks fail, he said, its efforts at enriching uranium since the U.S. exited the nuclear deal have put it in a position to move toward weaponization very quickly.

in the early 1340s, the disease had struck China, India, Persia, Syria and Egypt.

They know that the bacillus travels from person to person pneumonically, or through the air, as well as through the bite of infected fleas and rats.

The Black Death was terrifyingly, indiscriminately contagious

Today, scientists understand that the Black Death, now known as the plague, is spread by a bacillus called Yersina pestis.

However, Europeans were scarcely equipped for the horrible reality of the Black Death.

Not long after it struck Messina, the Black Death spread to the port of Marseilles in France and the port of Tunis in North Africa

Then it reached Rome and Florence, two cities at the center of an elaborate web of trade routes.

Today, this grim sequence of events is terrifying but comprehensible

No one knew exactly how the Black Death was transmitted from one patient to another, and no one knew how to prevent or treat it

Meanwhile, in a panic, healthy people did all they could to avoid the sick

Because they did not understand the biology of the disease, many people believed that the Black Death was a kind of divine punishment – retribution for sins against God such as greed, blasphemy, heresy, fornication and worldliness.

Teachers are facing a rising tide of disruptive behavior.

“Hate Crime Reports in U.S. Surge to the Highest Level in 12 Years, F.B.I. Says.” The F.B.I. found that between 2019 and 2020 the number of attacks targeting Black people, for example, rose to 2,871 from 1,972.

The number of gun purchases has soared. In January 2021, more than two million firearms were bought, The Washington Post reported, “an 80 percent year-over-year spike and the third-highest one-month total on record.”

As Americans’ hostility toward one another seems to be growing, their care for one another seems to be falling.

the share of Americans who give to charity is steadily declining. In 2000, 66.2 percent of households made a charitable donation. But by 2018 only 49.6 percent did.

now the college students I know fear that one errant sentence could lead to social death. That’s a monumental sea change.

not every trend is bad.

Substance use among teenagers, for example, seems to be declining.

t something darker and deeper seems to be happening as well — a long-term loss of solidarity, a long-term rise in estrangement and hostility.

This is what it feels like to live in a society that is dissolving from the bottom up as much as from the top down.

What the hell is going on? The short answer: I don’t know.

I also don’t know what’s causing the high rates of depression, suicide and loneliness that dogged Americans even before the pandemic and that are the sad flip side of all the hostility and recklessness I’ve just described.

We can round up the usual suspects: social media, rotten politics. When President Donald Trump signaled it was OK to hate marginalized groups, a lot of people were bound to see that as permission.

the fraying of the social fabric. Last year, Gallup had a report titled, “U.S. Church Membership Falls Below Majority for First Time.”

“America Is a Nation of Narcissists, According to Two New Studies.”

there must also be some spiritual or moral problem at the core of this. Over the past several years, and over a wide range of different behaviors, Americans have been acting in fewer pro-social and relational ways and in more antisocial and self-destructive ways. But why?

The Details: China, North Korea and Indonesia chose to boycott the first Games held in an Asian country after the International Olympic Committee (IOC) declared it would disqualify athletes who competed in the 1963 Jakarta-held Games of the New Emerging Forces, created as an alternative multinational amateur competition. The boycotting countries sent many of their top athletes to the Jakarta games.

The Details: When New Zealand’s national rugby team defied an international sports embargo against South Africa and toured the apartheid nation earlier in the year, 28 African nations—comprising most of the continent—declared a boycott of the Olympics, which was allowing New Zealand to participate. Led by Tanzania, the boycott involved more than 400 athletes. In a separate action, Taiwan withdrew from the Games when Canada refused to let its team compete as the Republic of China. Of Note: The boycott led to hotel and ticket refunds totaling $1 million Canadian dollars. It especially affected several track and field events, where nations such as Kenya and Tanzania were frequent medal winners.

Afghani athletes, notably, competed in the Games. Some countries did not forbid athletes from competing as individuals under the Olympic flag, but American athletes attempting to compete faced losing their passports. A group of American athletes sued the U.S. Olympic Committee to participate but lost the case. The boycott resulted in just 80 countries competing in the Olympics, the fewest since 1956.

In retaliation for the U.S.-led boycott of the Moscow Games four years earlier, 14 nations, led by the Soviet Union and including East Germany, boycotted the Los Angeles-held Olympics. Joined by most of the Eastern Bloc nations, the Soviets said they feared physical attacks and protests on American soil. "Chauvinistic sentiments and anti-Soviet hysteria are being whipped up in this country,” a government statement read.

and Joan Benoit, along with Mary Lou Retton, the first American gymnast to win the gold for all-around, became instant stars. And the Games were considered a huge financial success, with almost double the ticket sales of Montreal and earning the title as the most-seen event in TV history.

Angered over not being allowed to co-host the Games with South Korea, North Korea refused to attend the 1988 event in neighboring Seoul. The Soviet Union, meanwhile, accepted the IOC's invitation to compete, along with China and Eastern Bloc nations, leaving just Cuba, Ethiopia and Nicaragua joining North Korea in the boycott. “To have the Olympics in Seoul would be like having them at the Guantanamo naval base occupied by the United States," Cuba President Fidel Castro told NBC News at the time. "I wonder that, if Socialist countries refused to go to (the 1984 Olympics in) Los Angeles for security reasons, if really there is more security in Seoul than in Los Angeles.”

candals tarnished the Seoul Games, including reports of residents being forced from their homes and homeless people being detained at facilities in preparation for the Games. Canadian sprinter Ben Johnson made global headlines when he was stripped of his world-record-setting 100-meter victory after testing positive for steroids, and controversial boxing calls that went against South Korean athletes caused outrage.

North and South Korean leaders met following the events, and agreed to send a combined team to the 2021 Tokyo Summer Games. However, North Korea announced in April 2021 that it would not participate because of the coronavirus pandemic. 

The principle of the equality of taxation was maintained, all citizens were liable. This reflected a confirmation of the abolition of feudalism and an expressed belief in “career open to talent”. There was to be both formal legal equality and equality of opportunities, holding office would depend on ability, loyalty and experience, not accident of birth.

Analysis of the massive votes in favour had undermined their credibility. The organiser of the 1800 plebiscite, Napoleon’s brother, perhaps worried at the Jacobin sympathies of many soldiers, simply added 500,000 votes to the “yes” column for the army. What is more, the system of voting was open rather than by secret ballot and the question in the plebiscite only sought approval for a decision that had already been taken.

In the government Napoleon agreed with Sieyes concept, there should be authority from above and trust from below, of the general nature of the Constitution but instead of 3 Consuls as Sieyes thought Napoleon wanted political authority in his own hand. At the end he accepted maintaining the government with 3 consuls but he named himself the First Consul and ordered that the other two would have no independent executive authority. This showed how Napoleon wanted power. He reinforced his power when in the 2 Constitution he was made the First Consul for life and in the 3 Constitution named himself Emperor. Moreover, Napoleon established effective control over the legislative process. He established a similar control over the executive. Under the Constitution he could appoint the second and third consuls, government ministers, the prefects of the departments of France and the mayor of larger communes. The first three were appointed from the national list and the last from the communal lists. At the centre there was no cabinet system, individual ministers reported directly to Napoleon. All effective decision making was concentrated in his hands, no minister or prefect, for instance, could take action unless sure that it was authorised by Napoleon. This was top-down government, centralised and authoritarian. Even at the local level, holders of government posts were appointed from above, not elected from below. Napoleon’s control of the government system was more absolute than that of the monarchy that ruled in France before 1789.

In terms of liberty, it could be argued that Napoleon fundamentally violated revolutionary principles. Whilst he allowed religious freedom by tolerating all religions, as is expressed in the Organic Articles, the hierarchies of the various churches were under his control. What is more, there was no freedom of speech. Censorship was a key element of Napoleonic rule of France, and those suspected of sedition could be tried and punished outside the normal framework of the law. Nor was there freedom of movement for workers compelled to carry their livret. It also affected Napoleon’s view about the subordinate position of women and children. Whilst a man could imprison an adulterous wife or disobedient child, a married woman had few property rights and could only sue for divorce if a husband insisted on his mistress sharing the family home.

Secondary education was largely restricted to the middle classes and sons of officers in the army. In the 37 schools that were found in France the curriculum was closed supervised. Free thinking was discouraged. Schools taught a utilitarian curriculum based around France, mathematics, history, geography and science and inculcated both military values and loyalty to the regime. Alongside this state system, independent and Catholic schools continued to flourish, despite high fees. In order to bring such schools under closer government supervision, in 1806 Napoleon set up the Imperial University, which was in some respects a kind of nineteenth-century Ofsted, to oversee the curriculum and inspect schools.

A senior State Department official underscored the urgency, telling reporters: “We are now at a point where Russia could launch an attack on Ukraine at any time.” The official spoke on condition of anonymity.

White House press secretary Jen Psaki underscored the urgency. “We’re now at a stage where Russia could at any point launch an attack in Ukraine. And what Secretary Blinken is going to go do is highlight very clearly there is a diplomatic path forward,” she said.

From Kyiv, Blinken will travel to Berlin, where he will meet with his German, British and French counterparts to discuss a possible response to any Russian military action. In Geneva on Friday, Blinken will be testing Lavrov on Russia’s interest in a “diplomatic off-ramp” for the crisis, the senior State Department official said.

Blinken’s meetings follow inconclusive diplomatic talks between Moscow and the West in Europe last week that failed to resolve stark disagreements over Ukraine and other security matters.

Russia has massed some 100,000 troops with tanks and other heavy weapons on its own soil near the Ukrainian border in what many observers believe may be preparation for an invasion.

CIA Director William Burns visited Kyiv last Wednesday to consult with his Ukrainian counterparts and discuss current assessments of the risk to Ukraine, a U.S. official said, speaking on condition of anonymity to discuss Burns’ schedule, which is classified. While there, he also discussed the current situation with Zelenskyy and efforts to de-escalate tensions.Blinken spoke by phone Tuesday with Lavrov, discussing the diplomatic talks and meetings held last week. The State Department said Blinken “stressed the importance of continuing a diplomatic path to de-escalate tensions” surrounding the Russia-Ukraine situation and “reiterated the unshakable U.S. commitment” to Ukraine’s sovereignty and territorial integrity.On Monday, Lavrov, Russia’s top diplomat, rejected the U.S. allegations that his country was preparing a pretext to invade Ukraine. Speaking to reporters, he dismissed the U.S. claim as “total disinformation.”

Russia in 2014 seized the Crimean Peninsula after the ouster of Ukraine’s Moscow-friendly leader and also threw its weight behind a separatist insurgency in eastern Ukraine. More than 14,000 people have been killed in nearly eight years of fighting between the Russia-backed rebels and Ukrainian forces in the country’s industrial heartland called Donbas.

Putin has warned that Moscow will take unspecified “military-technical measures” if the West stonewalls its demands.

For Berlin, loosening its energy dependence on Russia is not simply about hitting Moscow’s main revenue stream. It’s a threat to roll back “Ostpolitik,” a totemic post-World War II policy of rapprochement with the Soviet Union, and by extension later Russia, that involved economic and political engagement, notably through oil and gas links.

Yet as customers desert Russia, its partnership with the oil titans of the Middle East, with which it jointly leads the OPEC+ coalition, has so far stayed intact. Russia and Saudi Arabia are the world’s top oil exporters, accounting for 29% of the global total. 

“The U.S. can try to make Saudi Arabia increase production, but why would they accept a break in the alliance, which is key for them?”

Riyadh’s OPEC+ partnership with Moscow calmed years of distrust between the two oil rivals, and saved the kingdom from relying exclusively on Washington.

“Saudi Arabia doesn’t want to switch horses mid-race when they do not know if the other horse is actually going to show up,”

Gulf Arab nations accused the U.S. of a lack of support in the face of repeated attacks by Iranian-backed militia on Saudi oil facilities and Gulf tanker traffic, and on Abu Dhabi this year. In a measure of the discord, the United Arab Emirates abstained in a U.S.-led United Nations Security Council vote to condemn Russia’s invasion.

“Now that we are in a crisis moment, we’re reaping the effect of that lack of trust that’s been building over the years,” said Karen Young, senior fellow at the Middle East Institute in Washington. 

Another source of friction lies in U.S. efforts to reinstate the nuclear agreement with Iran, Saudi Arabia’s regional rival.

Demonstrating just how exceptional the times are, a U.S. delegation traveled to Russian ally Venezuela last weekend in an overture to a country that holds the largest known crude reserves in the world.

Venezuela has been subject to international sanctions since the Trump era that have crippled its ability to sell oil. While there is not yet talk of allowing exports to resume, President Nicolas Maduro responded by offering to turn on the taps anyway, saying that state oil company PDVSA is prepared to raise output to as many three million barrels a day “for the world.”

the U.S. visit was “unexpected, surprising, a complete change in policy orientation,” with energy as the strategic catalyst.

“But I think there is a more important geopolitical move that is redefining the West,” he added. The U.S. is looking to confine the spheres of influence enjoyed by Russia and especially China, and for Venezuela that means a gradual process “to reincorporate with the West, through energy.” 

China will continue to carry on “normal trade cooperation” with Russia, including in oil and gas, said Zhao Lijian, a foreign ministry spokesperson. China is considering buying or increasing stakes in Russian companies such as Gazprom PJSC,

Even assuming a discount on the price per barrel, state-owned importers would weigh very carefully the impact on their global business of large purchases from a country that’s subject to so many sanctions, according to Qin Yan, an analyst with research house Refinitiv.

Neither would buying energy from Moscow be an easy solution, even if it meant less pollution, said Li Shuo, a climate analyst at Greenpeace East Asia. “To change China’s current energy structure, to replace a lot of coal it uses now with Russia’s oil and gas, would be a huge project for China, and it would take time,”

In Europe, the EU is refusing to budge on its climate commitments as it seeks to slash imports from its biggest supplier this year and replace flows from Russia completely by 2027. Those efforts were given a jolt by a suggestion that Moscow might shut off gas supplies through the Nord Stream 1 pipeline to Europe.

“We simply cannot rely on a supplier who explicitly threatens us,” EU Commission President Ursula von der Leyen said as she unveiled the bloc’s plans this week. 

as Scholz told the Bundestag, Russia’s attack on Ukraine means “we are in a new era.” The world today “is no longer the same world that it was before.”

Yet three increasingly authoritarian NATO nations — Poland, Hungary and Turkey — play key roles in the coalition aiding Kyiv. And the United States is grappling with internal assaults to its own democracy.

The war lends urgency to Mr. Biden’s climate change agenda, reinforcing the need for more reliance on renewable clean energy over the fossil fuels that fill Russian coffers.

Yet it has already generated new pressure to increase the short-term supply of oil from the likes of Venezuela’s isolated dictatorship and Saudi Arabia’s authoritarian monarchy.

While some experts warn that a renewed focus on Europe will inevitably divert attention from Asia, several top White House officials say the United States can capitalize on how the war has convinced some Asian governments that they need to work more closely with the West to build up a global ideological front to defend democracy.

“What we are seeing now is an unprecedented level of Asian interest and focus,”

“And I believe one of the outcomes of this tragedy will be a kind of new thinking around how to solidify institutional connections beyond what we’ve already seen between Europe and the Pacific,”

Mr. Biden sought to rebuild American alliances, but did so largely in the name of confronting China.

The Russian invasion has expanded his mission dramatically and urgently, setting the stage for a seismic geopolitical shift that would pit the United States and its allies against China and Russia at once if they form an entrenched anti-Western bloc

“We’ve been trying to get to a new era for a long time,” he said. “And now I think Putin’s invasion has necessitated an American return to the moral high ground.”

Saudi Arabia has declined so far to increase oil production, while the United Arab Emirates waited until Wednesday to ask the OPEC nations to do so. American officials were also furious with the U.A.E. for declining to vote on a United Nations Security Council resolution to condemn Russia, though it did support a similar resolution later in the U.N. General Assembly.

The unreliability of the two nations and Russia’s place in the oil economy have increased momentum within the Biden administration to enact policies that would help the United States more quickly wean itself off fossil fuels and confront the climate crisis.

“We may see more fundamental questioning about the value of these partnerships,” Ms. Kaye said. “These states already believe the U.S. has checked out of the region, but their stance on Russia may only strengthen voices calling for a further reduction of U.S. forces in the region.”

“In times of crisis, there is sometimes a tension between our values and our interests,” said Andrea Kendall-Taylor, a senior fellow at the Center for a New American Security. “In the short term, we’re going to have to prioritize pushing back against Russia, at the risk of taking our foot off the gas on the democracy and human rights concerns that had been at the front and center of the Biden administration’s agenda.”

In interviews with senior American and European officials in recent days, there is a consensus on one point: Just as the last two weeks revealed that Russia’s vaunted military faltered in its invasion plan, the next two or three may reveal whether Ukraine can survive as a state, and negotiate an end to the war.

And there is the possibility that Mr. Putin, angered by the slowness of his offensive in Ukraine, may reach for other weapons: chemical, biological, nuclear and cyber.

Mr. Sullivan said that Russia would suffer “severe consequences” if it used chemical weapons, without specifying what those would be.

Quietly, the White House and the senior American military leadership have been modeling how they would respond to a series of escalations, including major cyberattacks on American financial institutions and the use of a tactical or “battlefield” nuclear weapon by Mr. Putin to signal to the rest of the world that he would brook no interference as he moves to crush Ukraine.

Even with Ukrainians begging for more offensive weapons and American intervention, Mr. Biden has stuck to his determination that he will not directly engage the forces of a nuclear-armed superpower.

The idea that we’re going to send in offensive equipment,” Mr. Biden said in Philadelphia to the House Democratic Caucus on Friday, “and have planes and tanks and trains going in with American pilots and American crews, just understand — and don’t kid yourself, no matter what you all say — that’s called ‘World War III.’ OK? Let’s get it straight here.”

A French government account of a call to Mr. Putin on Saturday by Mr. Macron and Mr. Scholz termed it “disappointing with Putin’s insincerity: He is determined to continue the war.”

no evidence from the conversations so far that Mr. Putin has changed course; he remains “intent on destroying Ukraine.”

Despite his military’s logistical problems, Mr. Putin appears intent on intensifying his campaign and laying siege to Kyiv, the capital; Kharkiv, the country’s second-largest city; and other Ukrainian urban centers.

“I think Putin is angry and frustrated right now,” Mr. Burns said. He is likely to “try to grind down the Ukrainian military with no regard for civilian casualties,” he added.

Mr. Putin has demonstrated in past conflicts in Syria and Chechnya a willingness not only to bomb heavily populated areas but also to use civilian casualties as leverage against his enemies. Senior U.S. officials said the coming weeks could see a long, drawn-out fight with thousands of casualties on both sides, as well as among the roughly 1.5 million citizens remaining in the city.

“It will come at a very high price in Russian blood,” said retired Adm. James G. Stavridis, the former supreme allied commander for Europe. That high cost, he added, could cause Mr. Putin to destroy the city with an onslaught of missiles, artillery and bombs — “continuing a swath of war crimes unlike any we have seen in the 21st century.”

Russian forces are still subjecting Mariupol to siege and bombardment, but are close to securing that strategic southern port city and, with it, a land bridge from Crimea in the south to the Donbas region in the east that has been controlled by Russian-backed separatists since 2014.

And if Russia can seize Odessa, a pivotal Black Sea port city, and perhaps the remaining Ukrainian coast to the southeast, it would deprive Ukraine of important access to the sea.

“The most probable endgame, sadly, is a partition of Ukraine,” said Mr. Stavridis, pointing to the outcome of the Balkan wars in the 1990s as a model. “Putin would take the southeast of the country, and the ethnic Russians would gravitate there. The rest of the nation, overwhelmingly Ukrainian, would continue as a sovereign state.”

The fear now is that the war could expand.The more the fighting moves west, the more likely it is that an errant missile lands in NATO territory, or the Russians take down a NATO aircraft.

So far there are none of the procedures in place that American and Russian pilots use over Syria, for example, to prevent accidental conflict. And Mr. Putin has twice issued thinly veiled reminders of his nuclear capabilities, reminding the world that if the conflict does not go his way he has far larger, and far more fearsome, weapons to call into play.

The fear in China now is that the “zero Covid” policy has become another Mao-style political campaign that is based on the will of one person, the country’s top leader, Xi Jinping — and that it could end up hurting everyone.

Right now, the outcome that we have been sliding toward seems one in which an autocratic East gradually divides from — and then potentially accelerates past — a democratic but divided West. 

Seizing that opportunity will require an understanding of both economics and history.

By any economic measure the West is significantly more powerful than the East, using the terms “West” and “East” to mean political alliances rather than just geographical regions. The U.S. and its allies account for 60% of global gross domestic product at current exchange rates; China, Russia and the autocracies amount to barely a third of that. And for the first time in years, the West is coming together rather than falling apart.

The question for Biden and the European leaders he will meet this week is simple: What sort of world do they want to build in the future? Ukraine could well mark the end of one great episode in human history. It could also be the time that the free world comes together and creates another, more united, more interconnected and more sustainable one than ever before

the answer to globalization’s woes isn’t to abandon economic liberalism, but to redesign it. And the coming weeks offer a golden opportunity to redesign the global economic order.

Yet once politicians got out of the way, globalization sped up, driven by technology and commerce.

Only after the Second World War did economic integration resume its advance — and then only on the Western half of the map

What most of us today think of as globalization only began in the 1980s, with the arrival of Thatcherism and Reaganism, the fall of the Berlin Wall, the reintegration of China into the world economy, and, in 1992, the creation of the European single market.

When the guns finally fell silent in 1918 and peace was forced on Germany at Versailles (in the Carthaginian terms that Keynes decried so eloquently), the Bidens, Johnsons and Macrons of the time tried to restore the old world order of free trade and liberal harmony — and comprehensively failed. 

As the new century dawned and an unknown “pro-Western” bureaucrat called Vladimir Putin came to power in Russia, the daily volume of foreign-exchange transactions reached $15 trillion. 

More recently, as the attacks on globalization have mounted, economic integration has slowed and in some cases gone into reverse.

Meanwhile in the West, Ukraine has already prompted a great rethink. As German Chancellor Olaf Scholz has proclaimed, we are at a Zeitenwende — a turning point. Under his leadership, pacifist Germany has already proposed a defense budget that’s larger than Russia’s. Meanwhile, Ukrainian immigrants are being welcomed by nations that only a few months ago were shunning foreigners, and, after a decade of slumber in Brussels, the momentum for integration is increasing.

But this turning point can still lead in several directions.

the invasion of Ukraine is accelerating changes in both geopolitics and the capitalist mindset that are deeply inimical to globalization.

The changes in geopolitics come down to one word: China, whose rapid and seemingly inexorable rise is the central geopolitical fact of our time.  

absent any decisive action by the West, geopolitics is definitively moving against globalization — toward a world dominated by two or three great trading blocs: an Asian one with China at its heart and perhaps Russia as its energy supplier; an American-led bloc; and perhaps a third centered on the European Union, with the Europeans broadly sympathetic to the U.S. but nervous about the possible return of an America-First isolationist to the White House and irked by America’s approach to digital and media regulation.

World trade in manufactured goods doubled in the 1990s and doubled again in the 2000s. Inflationary pressures have been kept low despite loose monetary policies.

From a CEO’s viewpoint, Putin’s invasion of Ukraine has done more than unleash Western embargoes and boost inflation. It is burying most of the basic assumptions that have underlain business thinking about the world for the past 40 years. 

Commercially speaking, this bet paid off spectacularly. Over the past 50 years multinationals have turned themselves from federations of national companies into truly integrated organizations that could take full advantage of global economies of scale and scope (and, of course, global loopholes in taxes and regulations)

Just as important as this geopolitical shift is the change in the capitalist mindset. If the current age of globalization was facilitated by politicians, it has been driven by businesspeople. Ronald Reagan and Margaret Thatcher didn’t decide that the components of an iPhone should come from 40 countries. Facebook wasn’t created by senior politicians — not even by Al Gore. Uber wasn’t an arm of the Department of Transportation. 

profits have remained high, as the cost of inputs (such as energy and labor) have been kept low.

Now what might be called the Capitalist Grand Illusion is under assault in Kyiv — just as Norman Angell’s version was machine-gunned on the Western Front.

Militarism and cultural rivalries keep trumping economic logic.

The second is Biden’s long experience

Every Western company is now wondering how exposed it is to political risk. Capitalists are all Huntingtonians now.

Greed is also acquiring an anti-global tint. CEOs are rationally asking how they can profit from what Keynes called “monopolies, restrictions and exclusions.

So the second age of globalization is fading fast. Unless something is done quickly and decisively, the world will divide into hostile camps, regardless of what happens in Ukraine.

this divided world will not suit the West. Look at the resolution passed by the United Nations General Assembly to condemn Russia’s invasion of Ukraine. The most trumpeted figure is that only 40 countries did not vote for this (35 abstained, and five voted against it), compared with 141 countries who voted in favor. But those 40 countries, which include India and China, account for the majority of the world’s population.

we still have time to shape a very different future: one in which global wealth is increased and the Western alliance bolstered.

One of the great problems with modern liberalism for the past few decades has been its lack of a gripping narrative and a compelling cast of heroes and villains

Now Putin has inadvertently reversed all that. Freedom is the creed of heroes such as Zelenskiy; anti-liberalism is the creed of monsters who drop bombs on children.

Biden can soften that message at home by adding a political dimension to his trade agenda. “Build back better” applies to globalization, too. A global new deal should certainly include a focus on making multinational companies pay their taxes, and the environment should be to the fore. But Biden should also talk about the true cost of protectionism in terms of higher prices, worse products and less innovation.

So far, Biden’s handling of the Ukraine invasion has been similarly nuanced. He has drawn a line between supplying the resistance and becoming involved in the war (or giving others an excuse to claim the U.S. is involved). And he has put firm pressure on China to stay out of the conflict.

Biden needs to recognize that expanding economic interdependence among his allies is a geostrategic imperative. He should offer Europe a comprehensive free-trade deal to bind the West together

It is not difficult to imagine Europe or democratic Asia signing up for these sorts of pacts, given the shock of Putin’s aggression and their fear of China. Biden’s problem is at home. Why should the Democratic left accept this? Because, Biden should say, Ukraine, China and America’s security matter more than union votes.

Biden should pursue a two-stage strategy: First, deepen economic integration among like-minded nations; but leave the door open to autocracies if they become more flexible.

CEOs who used to build empires based on just-in-time production are now looking at just-in-case: adding inefficient production closer to home in case their foreign plants are cut off.

Constructing such a “new world order” will be laborious work. But the alternative is a division of the world into hostile economic and political blocs that comes straight out of the 1930s

Biden, Johnson, Scholz and Macron should think hard about how history will judge them. Do they want to be compared to the policymakers in the aftermath of World War I, who stood by impassively as the world fragmented and monsters seized the reins of power? Or would they rather be compared to their peers after World War II, policymakers who built a much more stable and interconnected world?

The Western policymakers meeting this week will say they have no intention of closing down the global order. All this economic savagery is to punish Putin’s aggression precisely in order to restore the rules-based system that he is bent on destroying — and with it, the free flow of commerce and finance. In an ideal world, Putin would be toppled — the victim of his own delusions and paranoia — and the Russian people would sweep away the kleptocracy in the Kremlin. 

In this optimistic scenario, Putin’s humiliation would do more than bring Russia back to its senses. It would bring the West back as well. The U.S. would abandon its Trumpian isolationism while Europe would start taking its own defense seriously. The culture warriors on both sides of the Atlantic would simmer down, and the woke and unwoke alike would celebrate their collective belief in freedom and democracy.

There’s a chance this could happen. Putin wouldn’t be the first czar to fall because of a misjudged and mishandled war.

Regardless of whether China’s leader decides to ditch Putin, the invasion has surely sped up Xi’s medium-term imperative of “decoupling” — insulating his country from dependence on the West.

For the “wolf pack” of young Chinese nationalists around Xi, the reaction to Ukraine is another powerful argument for self-sufficiency. China’s vast holdings of dollar assets now look like a liability given America’s willingness to confiscate Russia’s assets,

Some Americans are equally keen on decoupling, a sentiment that bridged Republicans and Democrats before Putin’s invasion of Ukraine.

In the great intellectual battle of the 1990s between Francis Fukuyama, who wrote “The End of History and the Last Man” (1992), and his Harvard teacher Samuel Huntington, who wrote “The Clash of Civilizations” (1996), CEOs have generally sided with Fukuyama.

Biden needs to go further in the coming weeks. He needs to reinforce the Western alliance so that it can withstand the potential storms to come

Keynes, no longer a protectionist, played a leading role in designing the International Monetary Fund, the World Bank, and the infrastructure of the postwar Western order of stable exchange rates. He helped persuade the U.S. to lead the world rather than retreating into itself. He helped create the America of the Marshall Plan. This Bretton Woods settlement created the regime that eventually won the Cold War and laid the foundations for the second age of globalization.

At the closing banquet on July 22, the great man was greeted with a standing ovation. Within two years he was dead — but the world that he did so much to create lived on. That world does not need to die in the streets of Kyiv. But it is on course to do so, unless the leaders meeting this week seize the moment to create something better. 

In March 1940 two more exiled German scientists working at Birmingham University, Otto Frisch and Rudolf Peierls, outlined the first practical exposition of how to build a nuclear weapon, a device “capable of unleashing an explosion at a temperature comparable to that of the interior of the sun”. Peierls recruited Fuchs to join him in the top-secret project to develop a bomb, codenamed “Tube Alloys”.

Fuchs arrived as a refugee in Britain in 1933 and, like many scientists escaping Nazism, he was warmly welcomed by the academic community. At Edinburgh University he studied under the great physicist Max Born, another German exile.

Fuchs was extremely clever and very odd: chain-smoking, obsessively punctual, myopic, gangling and solitary, the “perfect specimen of an abstracted professor”, in the words of one colleague. He kept his political beliefs entirely concealed.

The son of a Lutheran pastor, Fuchs came of age in the economic chaos and violent political conflict of Weimar Germany. Like many young Germans, he embraced communism, the creed from which he never wavered. He was studying physics at Kiel University when his father was arrested for speaking out against Hitler. His mother killed herself by drinking hydrochloric acid. Returning from an anti-Nazi rally, he was beaten up and thrown into a river by fascist brownshirts. The German Communist Party told him to flee.

When Churchill and Roosevelt agreed to collaborate on building the bomb (while excluding the Soviet Union), “Tube Alloys” was absorbed into the far more ambitious Manhattan Project. Fuchs was one of 17 British-based scientists to join Oppenheimer at Los Alamos.

“I never saw myself as a spy,” Fuchs later insisted. “I just couldn’t understand why the West was not prepared to share the atom bomb with Moscow. I was of the opinion that something with that immense destructive potential should be made available to the big powers equally.”

In June 1945 Gold was waiting on a bench in Santa Fe when Fuchs drove up in his dilapidated car and handed over what his latest biographer calls “a virtual blueprint for the Trinity device”, the codename for the first test of a nuclear bomb a month later. When the Soviet Union carried out its own test in Kazakhstan in 1949, the CIA was astonished, believing Moscow’s atomic weapons programme was years behind the West. America’s nuclear superiority evaporated; the atomic arms race was on.

Fuchs was a naive narcissist and a traitor to the country that gave him shelter. He was entirely obedient to his KGB masters, who justified his actions with hindsight. But without him, there might have been only one superpower. Some in the Truman administration argued that the bomb should be used on the Soviet Union before it developed its own. Fuchs and the other atomic spies enabled Moscow to keep nuclear pace with the West, maintaining a fragile peace.

As the father of the atomic bomb, Oppenheimer made the world markedly less secure. Fuchs, paradoxically, made it safer.

Friedman worried that students also saw themselves as fragile, and seemed to believe that coming into contact with offensive or challenging information was psychologically detrimental. In asking for more robust warnings about potentially upsetting classroom material, the students seemed to be saying: This could hurt us, and this institution owes us protection from distress.

My own doubts about all of this came, ironically, from reporting on trauma. I’ve interviewed women around the world about the worst things human beings do to one another. I started to notice a concerning dissonance between what researchers understand about trauma and resilience, and the ways in which the concepts were being wielded in progressive institutions. And I began to question my own role in all of it.

as the mental health of adolescent girls and college students crumbles, and as activist organizations, including feminist ones, find themselves repeatedly embroiled in internecine debates over power and language, a question nags: In giving greater weight to claims of individual hurt and victimization, have we inadvertently raised a generation that has fewer tools to manage hardship and transform adversity into agency?

Since my days as a feminist blogger, mental health among teenagers has plummeted. From 2007 to 2019, the suicide rate for children ages 10 to 14 tripled; for girls in that age group, it nearly quadrupled. A 2021 CDC report found that 57 percent of female high-school students reported “persistent feelings of sadness or hopelessness,” up from 36 percent in 2011. Though the pandemic undoubtedly contributed to a crash in adolescent mental health, the downturn began well before COVID hit.

Part of the issue may be a social-media ecosystem that lets teens live within a bubble of like-minded peers and tends to privilege the loudest, most aggrieved voices; this kind of insularity can encourage teenagers to understand distressing experiences as traumatizing. “I think it’s easier for them to artificially curate environments that are comfortable,” Shaili Jain, a physician and PTSD specialist, told me. “And I think that is backfiring. Because then when they’re in a situation where they’re not comfortable, it feels really alarming to them.”

The CDC study suggests that, over the past decade, bullying among high schoolers has actually decreased in certain respects. Today’s teenagers are also less likely to drink or use illicit drugs than they were 10 years ago. And even before pandemic-relief funds slashed the child-poverty rate, the percentage of children living in poverty fell precipitously after 2012. American public high schoolers are more likely to graduate than at any other time in our country’s history, and girls are significantly more likely to graduate than boys.

So what has changed for the worse for teenage girls since roughly 2010? The forces behind their deteriorating mental health are opaque and complex, but one big shift has been a decline in the time teenagers spend with their friends in person, dipping by 11 hours a week—a decline that began before the pandemic, but was badly exacerbated by it

Since 2014, the proportion of teens with smartphones has risen by 22 percent, and the proportion who say they use the internet “almost constantly” has doubled

this idea—that to develop resilience, we must tough out hard situations—places a heavier burden on some people than others.

Applying the language of trauma to an event changes the way we process it. That may be a good thing, allowing a person to face a moment that truly cleaved their life into a before and an after, and to seek help and begin healing. Or it may amplify feelings of helplessness and hopelessness, elevating those feelings above a sense of competence and control.

“We have this saying in the mental-health world: ‘Perception is reality,’ ” Jain said. “So if someone is adamant that they felt something was traumatizing, that is their reality, and there’s probably going to be mental-health consequences of that.”

Martin Seligman, the director of the Positive Psychology Center at the University of Pennsylvania, has spent the past 50 years researching resilience. One study he co-authored looked at the U.S. Army, to see if there was a way to predict PTSD. Unsurprisingly, he and his fellow researchers found a link to the severity of the combat to which soldiers were exposed

But the preexisting disposition that soldiers brought to their battlefield experiences also mattered. “If you’re a catastrophizer, in the worst 10 or 20 percent, you’re more than three times as likely to come down with PTSD if you face severe combat,” Seligman told me. “And this is true at every level of severity of combat—the percentage goes down, but it’s still about twice as high, even with mild combat or no obvious combat.”

In other words, a person’s sense of themselves as either capable of persevering through hardship or unable to manage it can be self-fulfilling. “To the extent we overcome and cope with the adversities and traumas in our life, we develop more mastery, more resilience, more ability to fend off bad events in the future,”

Teenage girls report troublingly high rates of sexual violence and bullying, as well as concern for their own physical safety at school. But it’s not clear that their material circumstances have taken a plunge steep enough to explain their mental-health decline

soldiers who experienced severe trauma could not only survive, but actually turn their suffering into a source of strength. “About as many people who showed PTSD showed something called post-traumatic growth, which means they have an awful time during the event, but a year later they’re stronger physically and psychologically than they were to begin with,” he said. But that empowering message has yet to take hold in society.

what would be a more productive way to approach adversity

physical exercise. “It’s like any form of strength training,” he told me. “People have no hesitation about going to the gym and suffering, you know, muscle pain in the service of being stronger and looking a way that they want to look. And they wake up the next day and they say, ‘Oh my God, that’s so painful. I’m so achy.’ That’s not traumatic. And yet when you bring that to the emotional world, it’s suddenly very adverse.”

“But conversely, to the extent that we have an ideology or a belief that when traumatic events occur, we are the helpless victims of them—that feeds on itself.”

he exercise metaphor rankled Michael Ungar, the director of the Resilience Research Centre at Dalhousie University, in Halifax, Canada. “Chronic exposure to a stressor like racism, misogyny, being constantly stigmatized or excluded, ableism—all of those factors do wear us down; they make us more susceptible to feelings that will be very overwhelming,” he told me. There are, after all, only so many times a person can convince themselves that they can persevere when it feels like everyone around them is telling them the opposite.

“the resiliency trap.” Black women in particular, she told me, have long been praised for their toughness and perseverance, but individual resiliency can’t solve structural problems

From Dent’s perspective, young people aren’t rejecting the concept of inner strength; they are rejecting the demand that they navigate systemic injustice with individual grit alone. When they talk about harm and trauma, they aren’t exhibiting weakness; they’re saying, Yes, I am vulnerable, and that’s human.

patients are being more “transparent about what they need to feel comfortable, to feel safe, to feel valued in this world,” she said. “Is that a bad thing?”

Most of the experts I spoke with were careful to distinguish between an individual student asking a professor for a specific accommodation to help them manage a past trauma, and a cultural inclination to avoid challenging or upsetting situations entirely

Thriving requires working through discomfort and hardship. But creating the conditions where that kind of resilience is possible is as much a collective responsibility as an individual one.

to replace our culture of trauma with a culture of resilience, we’ll have to relearn how to support one another—something we’ve lost as our society has moved toward viewing “wellness” as an individual pursuit, a state of mind accessed via self-work.

“If everything is traumatic and we have no capacity to cope with these moments, what does that say about our capacity to cope when something more extreme happens?”

“Resilience is partly about putting in place the resources for the next stressor.” Those resources have to be both internal and external

Social change is necessary if we want to improve well-being, but social change becomes possible only if our movements are made up of people who believe that the adversities they have faced are surmountable, that injustice does not have to be permanent, that the world can change for the better, and that they have the ability to make that change.

we need to provide material aid to meet basic needs. We need to repair broken community ties so fewer among us feel like they’re struggling alone. And we need to encourage the cultivation of a sense of purpose beyond the self. We also know what stands in the way of resilience: avoiding difficult ideas and imperfect people, catastrophizing, isolating ourselves inside our own heads.

In my interviews with women who have experienced sexual violence, I try not to put the traumatic event at the center of our conversations. My aim instead is to learn as much as I can about them as people—their families, their work, their interests, what makes them happy, and where they feel the most themselves. And I always end our conversations by asking them to reflect on how far they’ve come, and what they are proudest of.

It isn’t hard to understand why prophets of doom get so much public attention, but how does one explain famous ones being so unimpressive after they become famous?

Numerous studies of expert opinion have shown that pundits are, as a group, as accurate as a coin flip.

The explanation is simple, according to “Predicting the Next Big Thing,” a 2010 study by Jerker Denrell and Christina Fang. People who got rich and famous on extreme bets tend to follow up with more of them, and outlier predictions typically fail.

Consumption remains technically against the law, but instead of jail, people who misuse drugs are registered by police and referred to “dissuasion commissions.” For the most troubled people, authorities can impose sanctions including fines and recommend treatment. The decision to attend is voluntary.

Other countries have moved to channel drug offenses out of the penal system too. But none in Europe institutionalized that route more than Portugal. Within a few years, HIV transmission rates via syringes — one the biggest arguments for decriminalization — had plummeted. From 2000 to 2008, prison populations fell by 16.5 percent. Overdose rates dropped as public funds flowed from jails to rehabilitation. There was no evidence of a feared surge in use.

None of the parade of horrors that decriminalization opponents in Portugal predicted, and that decriminalization opponents around the world typically invoke, has come to pass,” a landmark Cato Institute report stated in 2009.

But in the first substantial way since decriminalization passed, some Portuguese voices are now calling for a rethink of a policy that was long a proud point of national consensus. Urban visibility of the drug problem, police say, is at its worst point in decades and the state-funded nongovernmental organizations that have largely taken over responding to the people with addiction seem less concerned with treatment than affirming that lifetime drug use should be seen as a human right.

“At the end of the day, the police have their hands tied,” said António Leitão da Silva, chief of Municipal Police of Porto, adding the situation now is comparable to the years before decriminalization was implemented.

the percent of adults who have used illicit drugs increased to 12.8 percent in 2022, up from 7.8 in 2001, though still below European averages

Overdose rates have hit 12-year highs and almost doubled in Lisbon from 2019 to 2023. Sewage samples in Lisbon show cocaine and ketamine detection is now among the highest in Europe, with elevated weekend rates suggesting party-heavy usage

even proponents of decriminalization here admit that something is going wrong.

In Porto, the collection of drug-related debris from city streets surged 24 percent between 2021 and 2022, with this year on track to far outpace the last.

Crime — including robbery in public spaces — spiked 14 percent from 2021 to 2022, a rise police blame partly on increased drug use

When crack pipes are available, the social workers give them out. There’s no judgment, few questions, and no pressure to embrace change.

Summing up the philosophy, Luísa Neves, SAOM’s president, said: “You have to respect the user. If they want to use, it is their right.”

Police deployed in force to the area three months ago to crack down on dealers, who can be and are being arrested. Patrol cars are now stationed in the neighborhood 24 hours a day, scattering people using drug

overdoses this year in Portland, the state’s largest city, have surged 46 percent.

“When you first back off enforcement, there are not many people walking over the line that you’ve removed. And the public think it’s working really well,

“Then word gets out that there’s an open market, limits to penalties, and you start drawing in more drug users. Then you’ve got a more stable drug culture, and, frankly, it doesn’t look as good anymore.”

An eight-minute walk uphill from Porto’s safe drug-use center, in a neighborhood of elegant two-story homes with hedgerows of roses and hibiscus, neighbors talk of an “invasion” of people using drugs since the pandemic

In Oregon — where the policy took effect in early 2021 openly citing Portugal as a model — attempts to funnel people with addiction from jail to rehabilitation have had a rough start. Police have shown little interest in handing out toothless citations for drug use, grants for treatment have lagged, and extremely few people are seeking voluntary rehabilitation

We have to do something with the law. We know they can’t stay here forever. What happens when the police leave?”

Porto’s mayor and other critics, including neighborhood activist groups, are not calling for a wholesale repeal of decriminalization — but rather, a limited re-criminalization in urban areas and near schools and hospitals to address rising numbers of people misusing drugs.

In a country where the drug policy is seen as sacred, even that has generated pushback — with nearly 200 experts signing an opposition letter after Porto’s city commission in January passed a resolution seeking national-level changes.

ave today no longer serves as an example to anyone.” Rather than fault the policy, however, he blames a lack of funding.

After years of economic crisis, Portugal decentralized its drug oversight operation in 2012. A funding drop from 76 million euros ($82.7 million) to 16 million euros ($17.4 million) forced Portugal’s main institution to outsource work previously done by the state to nonprofit groups, including the street teams that engage with people who use drugs. The country is now moving to create a new institute aimed at reinvigorating its drug prevention programs.

Twenty years ago, “we were quite successful in dealing with the big problem, the epidemic of heroin use and all the related effects,” Goulão said in an interview with The Washington Post. “But we have had a kind of disinvestment, a freezing in our response … and we lost some efficacy.”

Of two dozen street people who use drugs and were asked by The Post, not one said they’d ever appeared before one of Portugal’s Dissuasion Commissions, envisioned as conduits to funnel people with addiction into rehab

“Why?”

“Because we know most of them. We’ve registered them before. Nothing changes if we take them in.”

Some executives like Mr. Haeusgen are embracing transformation, testing new strategies and markets. Other businesses, however, are wary of abandoning a model that for decades enabled Germany to thrive but defied change.

Hawe’s handling of international affairs is not just a concern for its 2,700 employees. The economies of some German towns depend on it.

In Kaufbeuren, a brightly painted Bavarian town nestled below the Alps, Hawe is a top employer. In the tiny village of Sachsenkam, 60 miles to the west, Hawe provides 250 jobs — the next largest employer is the local brewery, with a staff of 17.

“It’s like we were successful for too long,” said Stefan Bosse, the mayor of Kaufbeuren, who is keen to attract other businesses to diversify the employers his town relies on. “Now, gradually, we see: ‘Uh oh — this is not a given. This can also be endangered.’

The archetypal Mittelstand company is based in a rural German town, making a piece of equipment few have heard of, but that is crucial for goods worldwide — like a screw needed for every airplane or passenger car.

The government, too, has a poor record in shedding outdated practices — like its labyrinth, paperwork-based bureaucracy. In 2017, it vowed by 2022 to digitalize its 575 most used services, like company registrations. A year past that deadline, said Mr. Bianchi, only 22 percent of those services are online.

“The German business model, particularly Mittelstand, is being extremely good at doing one thing: Slowly but steadily perfecting one product,” said Mathias Bianchi, spokesman for the German Mittelstand Association. “Because that worked so well for years, they had no need to adapt to changes. But now, they need to adjust to the new economic reality.”

Even as the tech revolution and climate change added strain in recent decades, Germany’s model plodded profitably along.

But the pillars it relied on to do that — cheap Russian natural gas and the Chinese market — are collapsing.

Staking out a socioeconomic transformation for the country, pledged by Chancellor Olaf Scholz’s coalition government, has become a source of national anxiety.

Like its population, Germany’s business owners and entrepreneurs are aging — the average Mittelstand association member is 55.

Some are resistant to adapting to new technologies and cling to a loyalty-based system that created lifetime employees — and customers

How Hawe and other midsize German companies navigate these new global forces will be critical to the country’s future prosperity. Though Germany’s 20th century success as the economic powerhouse of Europe is often seen through its biggest brands — like Volkswagen, Mercedes and Siemens — it is small and medium enterprises that are the backbone of its economy.

Such failures makes businesses wary of transformation plans the government says will be costly now, but will make Germany a diversified, digitized and climate neutral economy.

Over half the companies polled did not want to expand in Germany, and a quarter were considering relocating.

Marita Riesner, inspecting parts, said her heating costs spiked to 740 euros ($803) a month from 120 euros ($130). She and her neighbors are growing vegetable gardens to ease the pain of inflation as the country dips into recession.

“I was a very positive thinker before,” she said. “But these days, I’m sweating it. It seems a lot is going wrong.”

Should geopolitical events disrupt business with China, Mr. Haeusgen said, the consequences could eliminate more than half of Hawe’s jobs in Kaufbeuren. Currently, he said, 20 percent of Hawe’s business comes from China.

Some business groups raised alarm in recent years over Germany’s vast exposure to China — before the risks were taken seriously by former chancellor Angela Merkel’s government, which had heavily encouraged German-Chinese trade.

Today, some policymakers privately worry that an event like a Chinese attack on Taiwan would be an inescapable disaster for Germany’s economy. The government is now pushing “de-risking” by finding alternatives to trade with China.

The new socioeconomic model for Germany may be less about erecting pillars than managing an ever more intricate, international juggling act.

German officials say their strategy will maintain ties to China, but will counterbalance that by strengthening relationships with other nations, like India or Vietnam

The Mittelstand is doing the same: Hawe is investing heavily in India, where it plans to build a new plant, and other companies are looking to North America.

“It used to be that we made a majority of sales with three customers from China,” he said. “Now we have many, many smaller customers scattered all over the globe.

Instead of making a few parts at a huge scale, as cheaply as possible, Hawe must make a wide variety of parts for an array of customers, as quickly as possible.

But major brands like Volkswagen and BASF insist that China, as the world’s second-largest economy, is too important a market to give up. Such German-based multinationals are responsible for a 20 percent rise in foreign direct investment in China this year.

“Being able to live with and manage uncertainty and to handle complexity becomes, in my opinion, a core strength,” Mr. Haeusgen said. “The way my grandpa did it won’t work today.”

Together with—and perhaps because of—its economic malaise, the country is living through a political earthquake. Germany’s wealth, its exemplary parliamentary democracy, and its big efforts to confront its Nazi history are no longer keeping nativist parties at bay.

Outside the EU, “made in Germany” goods struggle to find new clients. Exports to China have been roughly flat since mid-2015 and may even start to drop, as President Xi Jinping has made clear that he wants to make his country less dependent on European industry

The Federal Republic is the only big Euro member whose economy has not yet fully recovered to pre-pandemic levels. In fact, German GDP has roughly stagnated since 2019. And German manufacturing is the main problem: Industrial output lags pre-pandemic levels by some 5 percent.

The reason Germany ceased to be Europe’s growth engine has less to do with Russian energy than with changing circumstances in the export markets where the country’s industrial champions once flourished

In the 2000s, former Chancellor Gerhard Schröder slashed unemployment benefits and created a low-wage sector to help German exporters increase their market shares across Europe. Since then, many other European countries, including France and Italy, have made reforms to cut labor costs themselves, and Germany faces tougher competition in its biggest export market and has been running a trade deficit in goods with other EU members since 2020.

We are living through the end of German exceptionalism. The country’s economy is fragile, and the rise of the AfD makes its politics as unpredictable as those of Austria or Italy. In short, Germany is joining the European mainstream. And that means that trouble is ahead.

German car exports to China were down 24 percent in the first three months of 2023 compared with the same period in 2022

The U.S. is Germany’s second-largest market after the EU, accounting for 8.9 percent of its exports, but to top off Germany’s troubles, Washington is becoming more protectionist under Joe Biden.

The obvious solution is for Germany to spend more. Greater investment could raise productivity in a country where the railways have the worst delays among major European countries and cellphone and internet connectivity are underfunded

Investment could boost demand, and liberalizing policies could rebalance the economy toward services.

But a dogma of balanced budgets and debt avoidance remains deeply anchored among German politicians and voters.

Now Germany, whose effort to confront its Nazi history seemed to inoculate its politicians from having to deal with a large far-right party, is also falling prey to populism and nationalism.

ore and more governments across Europe are led by right-wing parties: in Italy, Sweden, Finland, and soon possibly Spain. In all of these countries, the center-right no longer has qualms about working with the far-right.

the penny has not yet dropped. Germany’s political elite hasn’t been moved to take the risky step of running up debts and liberalizing at the same time. But until it does, the country’s economy will likely lag European growth. And if the economy ceases to serve as a source of national pride, political forces may thrive by brandishing more nativist concepts of German identity.

The AfD’s rise to 20 percent in the polls—twice what it commanded in the 2021 parliamentary elections—has many causes. The party’s bastion is the formerly Communist east, where authoritarian attitudes and resentment of traditional parties feed off of feelings of having been the losers in Germany’s reunification

But something broader is going on. For Germans, the hallmark of good government is “Ruhe und Ordnung,” calm and order. The three parties in Scholz’s ruling coalition—the center-left SPD, the Greens, and the pro-business FDP—squabble over everything

The party has also benefited from a backlash against Germany’s progressive agenda on climate and migration

Despite the country’s reputation abroad as a climate champion, in a poll of seven European countries, Germans were the least willing among Europeans to switch to electric cars, cut meat consumption, or spend out of their own pockets to renovate their houses to save the climate.

As for migration, racist views are ingrained in Germany’s formerly Communist east

But the AfD has also been able to mobilize an anti-immigration electorate in big, rich, formerly West German states, such as Bavaria, the land of Siemens and Weisswurst, and Baden-Württemberg

the CDU will need to decide whether it will continue marginalizing the far-right or start working with it instead. The AfD is leading the polls in Thuringia and polling a strong second in Saxony

ermany is joining the European mainstream, with its political class struggling to counter rising far-right support and an economy that is no longer best-in-class. The two things that made postwar Germany unique in Europe are no more

the rise of the AfD is pushing Berlin to become an unreliable partner in Europe. The CDU was once the champion of Schengen, the EU’s policy to allow for passport-less travel across the continent. The party’s leader, Merz, clearly concerned about covering his right flank, has now called for reintroducing passport checks at Germany’s borders with other EU members, such as Czechia, in order to turn away migrants.

As the AfD criticizes the “reckless” spending of the Scholz government, the FDP and the chancellor are doubling down on spending cuts. Germany is becoming less willing to spend for itself and the EU.

The AfD may one day accede to national government, but it cannot do so on its own. To work in a coalition, the party will almost certainly have to compromise on its most radical policy propositions, such as closing the U.S. military base in Ramstein. But even with the AfD merely exerting pressure on German politics, the EU must sooner or later face an adjustment—to a future in which Germany is no longer an economic and political anchor so much as a source of instability.

Men now receive about 74 bachelor’s degrees for every 100 awarded to women, and men account for more than 70 percent of the decline in college enrollment overall

In 2020, nearly half of women reported in a TD Ameritrade survey that they out-earn or make the same amount as their husbands or partners — a huge jump from fewer than 4 percent of women in 1960.

women are “increasingly selective,” leading to a rise in lonely, single young men — more of whom now live with their parents than a romantic partner.

Men also account for almost 3 of every 4 “deaths of despair,” either from a suicide, alcohol abuse or an overdose.

In my opinion, Peterson served up fairly banal advice: “Stand up straight,” “delay gratification.” His evolutionary-biology-informed takes ranged from amusingly weird to mildly insulting.

Women are still dealing with historical discrimination and centuries of male domination that haven’t been fully accounted for or rectified. Are we really worrying that men feel a little emasculated because their female classmates are doing well?

But millions of men lack access to that kind of power and success — and, downstream, cut loose from a stable identity as patriarchs deserving of respect, they feel demoralized and adrift. The data show it, but so does the general mood: Men find themselves lonely, depressed, anxious and directionless.

It seems like there’s been a breakdown, right? But there’s a very real way in which, at this moment, a lot of guys don’t know — they have no sense of what it means to be them, particularly. They have no idea what it means to be a man.”

Past models of masculinity feel unreachable or socially unacceptable; new ones have yet to crystallize. What are men for in the modern world? What do they look like? Where do they fit

Only one group seems to have no such doubts about offering men a plan.

an entire academic discipline emerged to theorize about gender and excavate women’s history — there hasn’t been a corresponding conversation about what role men should play in a changing world. At the same time, the increasing visibility of the LGBTQ+ movement has made the gender dynamic seem less stable, less defined.

went to that 2018 Peterson appearance as a skeptic. But his appeal — along with that of his fellow “manfluencers” — has become clearer since

Technically, men are slightly in the minority in the United States. But apart from that, Bray had a point — and what he said explained a lot about why the left and the mainstream are losing men.

What’s notable, first, is their empathy. For all Peterson’s barking and, lately, unhinged tweeting, he’s clearly on young men’s side.

This is especially compelling in a moment when many young men feel their difficulties are often dismissed out of hand as whining from a patriarchy that they don’t feel part of. For young men in particular, the assumption of a world built to serve their sex doesn’t align with their lived experience, where girls out-achieve them from pre-K to post-graduate studies and “men are trash” is an acceptable joke.

Then there’s the point-by-point advice. If young men are looking for direction, these influencers give them a clear script to follow — hours of video, thousands of book pages, a torrent of social media posts — in a moment when uncertainty abounds

if instruction is lacking elsewhere, even basic tips (“Clean your room!” Peterson famously advises) feel like a revelation. Plus, the community that comes with joining a fandom can feel like a buffer against an increasingly atomized world.

As one therapist told me: “I have used Jordan Peterson to turn a boy into a man. I used him to turn this guy without a strong father figure into someone who, yes, makes his bed and stands up straight and now is successful.” The books, she said, “do provide a structure that was clearly missing.”

It’s also important that the approach of these male models is both particular and aspirational. The BAPs and Hawleys find ways to celebrate aspects of the male experience — from physical strength to competitiveness to sex as a motivator — that other parts of modern society have either derided as “toxic” or attempted to explain aren’t specific to men at al

the 20-something guy in front of me swung around. “Jordan Peterson,” he told me without a hint of irony in his voice, “taught me how to live.”

the fact that they’re willing to define it outright feels bravely countercultural.

A baby-faced, 19-year-old University of Florida freshman with short, white-blond hair, Bray was wearing a hoodie despite the heat. (He grew up in Sarasota, so he was used to it.) He had agreed to talk to me about how he saw uncertainties about masculinity playing out on his campus.

First, he laid out his liberal, Gen Z bona fides — he’s in a fraternity, but many of his close friends are LGBTQ+. He feels that old versions of masculinity might be dissolving for the better.

But then he got candid. He doesn’t really identify with the manosphere, he told me, but can understand why others might. “I feel like there’s a lot of room to be proudly feminine, but there’s not, in my opinion, the same room to be proudly masculine.”

Men were constantly told to be “better” and less “toxic,” he said, but what that “better” might look like seemed hard to pin down. “You pretty much have to figure it out yourself. But yet society still has the expectation that, you know, you have to be a certain way.

Then he turned wistful. “I don’t feel like men in general have the same types of role models that women do, even in their own personal lives. … Just because you’re in the majority doesn’t mean you don’t need support.”

At their best, these influencers highlight positive traits that were traditionally associated with maleness — protectiveness, leadership, emotional stability — and encourage them, making “masculinity” out to be a real and necessary thing, and its acquisition something honorable and desirable

Even today, some progressives react touchily to any efforts to help men as a group.

In the conversations I had with men for this essay, I kept hearing that many would still find some kind of normative standard of masculinity meaningful and useful, if only to give them a starting point from which to expand.

The strategist described his party as having almost an allergy to admitting that some men might, in fact, be struggling in a unique way and could benefit from their own tailored attention and aid

when you strip out the specificity, people feel less seen,” he said. “There’s less of a resonance. If the question is what scripts we have for men, how are we appealing to men, then being willing and able to talk about men is a pretty key component of that.”

To the extent that any vision of “nontoxic” masculinity is proposed, it ends up sounding more like stereotypical femininity than anything else: Guys should learn to be more sensitive, quiet and socially apt, seemingly overnight

I’m convinced that men are in a crisis. And I strongly suspect that ending it will require a positive vision of what masculinity entails that is particular — that is, neither neutral nor interchangeable with femininity. Still, I find myself reluctant to fully articulate one. There’s a reason a lot of the writing on the crisis in masculinity ends at the diagnosis stage.

Take Richard Reeves’s book “Of Boys and Men,” omnipresent in the discourse since its 2022 release.

even he acknowledges he has felt pressure to shy away from some of the harder questions his subject matter raises.

Reeves told me that in his writing, he tried to stay descriptive, only going so far as saying there are some differences between the sexes that need to be taken into account to create the most viable solutions. He frames the biological differences between the sexes not as a binary but as overlapping distributions of traits — aggression, risk appetite, sex drive — with clusters of one sex or the other at the extremes.

But when it came to writing any kind of script for how men should be, the self-possessed expert scholar faltered.