As the world moves on from four decades of neoliberalism, the Economist remains faithful to the orthodoxy of Margaret Thatcher, Ronald Reagan,
Neoliberalism’s Final Stronghold
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Xi of Arabia
After decades of heeding Deng Xiaoping’s advice to “hide its strength, bide its time, never take the lead,” China has apparently decided
China’s Abandoned Illusion of High Growth
China is moving away from growth for growth’s sake. Instead, the focus is on balanced growth and macroeconomic stability.
In Search of a New Political Economy
The late-twentieth-century assumption that democracy and markets would ultimately triumph everywhere has since been met by an intellectual
Crises of Uncertainty
National governments’ responses to the latest banking crisis confirm once again that some countries play by different rules than others.
How China Benefits from Another US Banking Crisis
Today, we are witnessing a potentially lethal interplay between two sources of tension: a financial crisis, reflected in the failure of Silicon
Revisiting America’s War of Choice in Iraq
Wars are fought not only on the battlefield but also in domestic political debates and in histories written after the fact. In the case of
The Inflation Picture Gets Murkier
Despite signs that inflation in most major economies has peaked and is trending back down, recent data releases have renewed fears that central
The Crusade to Ban ESG Makes No Sense
Efforts to prohibit financial institutions from considering environmental, social, and governance criteria reflect a fundamental misunderstanding
China Is Dying Out
Chinese policymakers must somehow implement policies to reduce the cost of raising children without crashing the economy. But even if they
Quitting While on Top
New Zealand Prime Minister Jacinda Ardern’s decision to resign, despite the support of a solid parliamentary majority and no challenge from
Utopia or Bust
The grand narrative of the long century between 1870 and 2010 was about technological triumph, coupled with social-organizational failure.
What Price McCarthy?
The Republican extremists who blocked their own party’s choice for Speaker of the US House of Representatives have gotten their way,
Whose Rule of Law?
Figuring out Ukraine’s post-conflict future will be essential not just for the Ukrainian victims of Russia’s invasion, but also for Europe
New Year, New Congress, New Economic Risks
With almost everyone having been blindsided by surging inflation and other unanticipated developments, neither economic nor political forecasters
What US Leadership Can Do for Nature
Although the United States is not a party to the Convention on Biological Diversity, its heavyweight status affords it ample opportunities
The Unavoidable Crash
After years of ultra-loose fiscal, monetary, and credit policies and the onset of major negative supply shocks, stagflationary pressures are
America’s Silent Progressive Majority
The unanticipated outcome of the US 2022 midterm election shows that Americans can sense the challenges they face, and believe that they can
The World Cup’s Education Goal
After the Taliban returned to power in Afghanistan 15 months ago, its leaders broke their promise to allow girls to continue pursuing secondary
The Entrepreneurial State Must Lead on Climate Change
As a much-touted green alliance of financial institutions crumbles, the private sector has once again proven unequal to the task of climate
The Muddled Politics of US Inflation
While today’s inflationary surge is nothing like the hyperinflationary episodes of the twentieth century, its long-term impact may reverberate
Who Broke American Democracy?
Democracy is premised on equality, and all citizens are supposed to have an equal chance to influence political decisions. But for too long
China Takes Center Stage
Chinese President Xi Jinping seems determined to use his unprecedented third five-year term to reshape international institutions to suit
Saudi Arabia Swings Toward Russia
In the short term, Western countries seeking to counter the Kingdom’s swing-producer power could release additional strategic reserves