Carla Robbins of The New York Times and Richard Haass of the Council on Foreign Relations join Martin Savidge to review world markets, U.S. interests in Iran, and land reforms in China.
They discuss Europe’s attempt to redraft the market rules in the absence of a coordinating regulatory framework that can deal with a globalized economy. Haass explains that the current system — set forth after World War II — is inadequate in dealing with economic challenges in the era of globalization.
Robbins says that it’s unlikely for the U.S. to accept a global super-regulator. Haass asserts that no countries will emerge as “winners” in this global crisis.
The discussion turns to Iran, where there are considerations for developing U.S. interests. Robbins considers it a great opportunity to improve relations and gather intelligence, but doubts the American administration will follow through. Haass believes the Iranian government may become easier to deal with as the price of oil falls.
The prospect of Chinese land reforms could affect 800 million peasant farmers through the distribution of land. Haass sees the potential land reform policies as a step toward a more market-oriented, politically-oriented country.
