Felix Haass: In the past, Transatlantic-Iranian relations have suffered from mutual mistrust on both sides. This has been a major impediment to a solution to the Iranian nuclear crisis. Any policy aimed at resolving the issue has to address these trust issues in one way or the other.
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The financial crisis is the consequence of a democratic deficit. ++ “Market capitalism only works when it can feed off democratic social capital” and the lack of political trust, which is a form of social capital, hinders people from participating in the market ++ The “secret of the invisible hand” is not economic but social capital. ++ There is a need for not only
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