
The U.S. retains at least two instruments to exercise power in the Asia-Pacific. RIMPAC provides a military instrument. For economic leverage there is APEC, which meets on Friday

Official Washington has long embraced “free-market” mantras, whether bank deregulation or fast-track trade bills promising prosperity for all. But the promises have been hollow, hollowing out the Middle Class and now causing problems for President Obama’s Pacific trade deal, write Bill Moyers and Bernard Weisberger.