Follow @AEIdeas on Twitter
Most Popular on AEIdeas
What’s New on AEI
Get the best from AEI each morning
Bolsonaro has learned in the cruelest possible way that assembling a “team of rivals” requires vigilance and strong adjudication skills to enforce clear lines of authority. Most concerning of all, the palace intrigue now overtaking Brasília threatens Bolsonaro’s ambitious reform agenda, including the realignment of relations with the US.
The Islamic Republic has long been an aggressive and destabilizing actor globally, often threatening the US and its allies. The same individuals have ruled for decades, and Iranian behavior has changed little over that time. A new generation will take power in the next decade and Iran’s population is restive as never before. Iran will transform — but not necessarily for the better.
Promoting stability in countries one has no intention of intervening in is classic realpolitik. But as with Venezuela, communist ideology, the resulting cronyism, corruption, and a whole host of other traits can and should be exposed. At the very least students, including those recently elected to Congress, can be reminded of the myriad follies of an all-powerful Government.
An impractical wealth tax is unserious signalling, although it packs more political punch than economically efficient potential alternatives such as consumption taxes (which could also deal with the political power aspect of concentrated wealth, as would making government less intrusive) or raising capital gains taxes and lowering corporate taxes.