Nationalism Will Go Bankrupt
Nationalism versus globalism, not populism versus elitism, appears to be this decade’s defining political conflict. Almost wherever we look – at the … [Read more...]
Today’s Rational Exuberance
With share prices around the world setting new records almost daily, it is tempting to ask whether markets have entered a period of “irrational … [Read more...]
Britain’s Road To Perdition
Full English Brexit is off the menu. Before leaving the European Union altogether, the British government now wants an “interim period,” in which the … [Read more...]
A “Macroneconomic” Revolution?
Next month will mark the tenth anniversary of the global financial crisis, which began on August 9, 2007, when Banque National de Paris announced that … [Read more...]
The Divergence Of US And British Populism
Britain, France, the United States – which is the odd one out politically? The answer seems obvious. Last year’s Brexit referendum in the United … [Read more...]
Theresa May’s Pyrrhic Victory
The British election called by Prime Minister Theresa May for June 8 will transform the outlook for Britain’s politics and its relationship with … [Read more...]
The Great Eurozone Bounceback
Where in the world would you expect economic growth to accelerate most this year? In my view, the region set to enjoy the most positive economic and … [Read more...]
Blair’s Democratic Insurrection
Former British Prime Minister Tony Blair’s recent call for voters to think again about leaving the European Union, echoed in parliamentary debates … [Read more...]
Trumping Capitalism?
Donald Trump’s inauguration as the 45th president of the United States is widely seen as the beginning of the end of the post-1945 capitalist order … [Read more...]
The Crisis Of Market Fundamentalism
The biggest political surprise of 2016 was that everyone was so surprised. I certainly had no excuse to be caught unawares: soon after the 2008 … [Read more...]
End Of The Backlash Against Modernity If Trump Loses
If Donald Trump loses the US election, will the tide of populism that threatened to overwhelm the world after the Brexit vote in June begin to wane? … [Read more...]
Saving Europe By Reversing Brexit
“Never let a crisis go to waste” has always been one of the European Union’s guiding principles. But what about five simultaneous crises? Today, the … [Read more...]
Reversing Brexit
How should the European Union respond to the narrow decision by voters in the United Kingdom to leave? European leaders are now focusing, rightly, on … [Read more...]
Are We Heading Towards A Roman Europe?
As the European Union begins to disintegrate, who can provide the leadership to save it? German Chancellor Angela Merkel is widely credited with … [Read more...]
What’s Next For Global Capitalism When Things Fall Apart?
All over the world today, there is a sense of the end of an era, a deep foreboding about the disintegration of previously stable societies. In the … [Read more...]
Why There Will Be No Brexit
Among the multiple existential challenges facing the European Union this year – refugees, populist politics, German-inspired austerity, government … [Read more...]
Greece Is Playing To Lose
The future of Europe now depends on something apparently impossible: Greece and Germany must strike a deal. What makes such a deal seem impossible is … [Read more...]
