The 21st century was supposed to belong to Africa: it heralded the start of the “Africa Rising” era, when the continent seemed destined to enjoy an extended period of economic growth and rising incomes. Two decades later, however, that narrative …
Will rural China survive the Covid wave?
As Chinese New Year approaches, there is apprehension in a part of China often overlooked by overseas news reports: the countryside. China’s now-abandoned Zero-Covid policy was always more focused on urban areas; locking down apartment blocks in Shanghai or smartphone …
The paradox of Degrowth Communism
One might think that the arrival of the planet’s eight-billionth resident — a title symbolically awarded to Vinice Mabansag, a baby girl born in the Philippines — would be cause for celebration. Amid a sharp drop in the global fertility …
A boomer Budget from Jeremy Hunt
After nearly two decades of stagnant wages, lethargic economic growth and public service atrophy, Britain has been prescribed more of the same. After yesterday’s Autumn Statement, we are set to have the punitively high taxes of southern Europe, the leaden …
How BlackRock Conquered the World – Part 1: A Brief History of BlackRock
Over the course of this investigative series, you’re going to get a crash course in the creepiest company you’ve never heard of.
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The bankers have launched a class war
When the Bank of England announced its single biggest interest rate hike in 33 years last week, and warned that the UK faces its longest recession ever, it forgot to mention one important detail. It’s the actions of the Bank …
Why Truss’s gamble failed
Shortly before the Government’s ill-fated budget, I had coffee with a Conservative MP who was keen to stress that the Tory party was heading towards disaster. It isn’t going to work, the MP told me, likening Truss’s breakneck dash for …
Is this the end for Liz Truss?
“You were only supposed to blow the bloody doors off,” the markets replied to one of the most fiscally expansionary speeches a Chancellor of the Exchequer has ever given to the House of Commons. Liz Truss and Kwasi Kwarteng could …
What does Liz Truss see in Canada?
Faced with soaring costs of living, increased collateral damage from the war in Ukraine, and widening national inequality, Liz Truss seemed curiously optimistic in her first speech as Prime Minister. What could possibly be driving such bullishness? Absent any sign …
It’s time for Anglofuturism
Just a few years ago, to be concerned with national resilience was to be seen as some kind of crank at best, and some kind of nativist radical at worst. Even at the height of Covid, to diagnose the fundamental …
America has an Oedipus complex
As in Sophocles’s tragedy Oedipus Rex, we are witnessing a generational drama in which inheritors kill their proverbial father to marry their mother, in this case Mother Earth. The psychology behind this pattern is above my pay grade, but many …
Has Joe Manchin saved the planet?
The stakes associated with any particular climate policy are almost always less than claimed. This rule of thumb, which I’ve learned after more than 30 years working on the climate issue, is worth keeping in mind in the wake of …
Will Europe survive?
In our age of crisis, the state has been reawakened, breaking the taboos of the past few decades. But it’s still an uphill climb. Over the past 40 years, there was broad political agreement that markets were not to be …
The cost of Biden’s racialism
Joe Biden may have once bragged about his cooperative relations with segregationists, but he still arguably owes more to African-American leadership and voters than any politician in recent history. After all, it was black voters who bequeathed him the two …
Our Russia strategy has backfired
Whatever the origins of the Ukraine war, the West and Russia are now engaged in a broader confrontation that is not confined to the military struggle: the war has become a competition in pain-tolerance.
This is, as Thomas Schelling wrote, …
