Norman A. Bailey is a Professor of Economics and National Security at IWP and Former Senior Director of International Economic Affairs with the White House National Security Council.
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The world just got more complicated

The new U.S. president will have his hands full abroad, and even more so at home. How Israel fits in is an open question. The first week of 2021 foreshadowed serious problems for the U.S. during the rest of the new year. On January 20th, Joe Biden will become president of the U.S., and, due…

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Middle East gains clarity

The Western-oriented alliance has largely improved its position in 2020; avoiding war with Iran will be the main challenge of 2021. Ever since the final collapse of the Ottoman Empire in World War I, the Middle East has become increasingly complex from the geopolitical standpoint, until very recently. It is still the playground of internal…

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Post-election US: What will it mean for Israel?

At some point between the evening of November 3 and days or even weeks after, Donald Trump or Joe Biden will be declared president-elect of the United States. This may come after an extended period of uncertainty, charges, counter-charges, lawsuits, demonstrations, and/or rioting. One or more states may be awarded to Trump or Biden by the…

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Israel’s Turkish conundrum

Israel needs to confront Turkish neo-imperialism, but is economically and politically hamstrung. Among its many other insidious effects, the coronavirus crisis is complicating various aspects of Israeli foreign relations. Prior to the outbreak of the pandemic, the Israeli economy was in excellent shape, with good GNP and export growth, low unemployment, low inflation, and healthy…

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New Year: the good, the bad, and the ugly

As the Jewish New Year gets under way, it’s time to assess whether things will get any better in coming months As the Jewish New Year begins, we should look backward and forward in time to decide what is good, what is bad, and what is ugly. Looking backward, the last category is easy. This past…

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The geopolitical transformation of the Middle East

Two distinct blocs are being formed, innately hostile to each other and with the potential at any time to break out into armed action.  After the dramatic announcement of the intention on the part of the United Arab Emirates to normalize relations with Israel, which has given rise to extensive and mostly positive commentary in…

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Hezbollah’s dilemma

With its grip on Lebanon suddenly in doubt, Hezbollah will have to think more than twice before launching an assault on Israel. The gigantic series of explosions which destroyed the port of Beirut and severely damaged much of the rest of the city has, of course, been extensively commented upon. I don’t presume to know…

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Will China save Iran?

With Iran’s regime on the ropes, China sees an opportunity, which for Israel translates into a threat. In recent weeks a series of explosions and fires have spread throughout much of Iran, damaging multiple facilities, including the Natanz nuclear facility and the missile construction center. At the same time, the coronavirus pandemic has hit Iran…

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A Meaningless Jeremiad Presaging Armageddon

In a recent article for The International Economy, IWP professor Dr. Norman Bailey reviewed The Age of Surveillance Capitalism: The Fight for a Human Future at the New Frontier of Power by Shoshana Zuboff. Read the article at The International Economy

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Mixing oil and water and calling it champagne

Israel’s new so-called unity government is an obscenely expensive monster inadequate to deal with the challenges it faces. Well, it appears that Israel will have a government finally after months and months of shoddy political maneuvering. That is the good news–all of it. The bad news is that this “coalition” government is a hunchbacked, three-legged…

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