Exactly back-asswards

I see, in a report in The Guardian, that former British Prime Minister Gordon Brown "has urged world leaders to create a temporary form of global government to tackle the twin medical and economic crises caused by the Covid-19 pandemic ... [and] ... The former Labour prime minister, who was at the centre of the international efforts … Continue reading Exactly back-asswards

Is the cure worse than the disease?

Richard Milne, the Nordic and Baltic Correspondent for the Financial Times, reports that "Jacob Wallenberg ... [the Swedish industrialist, whose family investment vehicle has controlling stakes in companies from telecoms equipment maker Ericsson to one of Europe's premier corporate banks] ... warned governments to weigh the economic threat from coronavirus more heavily or risk depression, social … Continue reading Is the cure worse than the disease?

The return of the nation

Gideon Rachman, writing in the Financial Times, says that despite the popularity of the idea of a borderless world, which became near gospel about 30 years ago, "borders are now returning with a vengeance," and their return, he says, is being driven by the frightening spread of the COVID- 19 corona-virus. "When the pandemic passes, … Continue reading The return of the nation

How to face a ‘Greater Depression:’ with a government of national unity.

Dr Nouriel Roubini is a world-famous economist. He is Professor of Economics at New York University's Stern School of Business and Chairman of Roubini Macro Associates. He was Senior Economist for International Affairs in the White House’s Council of Economic Advisers during the Clinton Administration. He has worked for the International Monetary Fund, the US … Continue reading How to face a ‘Greater Depression:’ with a government of national unity.

More on the impact of the pandemic

Sticking with the subject of the COVID-19 pandemic and the future of our (shaky) liberal, global socio-economic 'order,' I saw this article in Foreign Affairs, by Professors Henry Farrell and Abraham Newman of George Washington University, in which they say that "The new coronavirus is shaping up to be an enormous stress test for globalization … Continue reading More on the impact of the pandemic

Will China seize the day?

Dr Kurt M. Campbell, who was, amongst many other things, Assistant Secretary of State for East Asian and Pacific Affairs in the Obama administration where he was widely credited as being the architect of the “pivot to Asia,” and Dr Rush Doshi, who is the director China Strategy Initiative at the Brookings Institution, argue, in … Continue reading Will China seize the day?

A fundamental shift?

Professor Branko Milanović, formerly lead economist in the World Bank Research Department, writes, in Foreign Affairs, that "As of March 2020, the entire world is affected by an evil with which it is incapable of dealing effectively and regarding whose duration no one can make any serious predictions. The economic repercussions of the novel coronavirus … Continue reading A fundamental shift?