Will Democracy Govern Capitalism — or Be Consumed by It?
Taxing extreme wealth and multinationals is essential to defeating "21st-century Caesarism" and reclaiming democratic governance from the global elite.
Jayati Ghosh
Reaching Net Zero Might Fail—And It’s Not Because Renewables Are Too Expensive
Solar and wind are now cheaper than fossil fuels, but...
Saving the planet from plastics
If corporate interests undermine efforts to reduce plastic manufacturing, they will derail the fight against climate change.
What the Indian election result means for Europe
The jolt for Narendra Modi, Jayati Ghosh writes, should also make western leaders look in the mirror.
The ‘billions to trillions’ charade
Multilateral development banks believe private investment can meet developing economies’ climate and development needs.
The double life of the Indian economy
Narendra Modi aims to return to power, Jayati Ghosh writes, against a backdrop of unprecedented inequality.
Can the IMF and the World Bank really be changed?
Those with seats at the table of the international financial institutions, Jayati Ghosh writes, cling to their power.
Global tax evasion: the good and the bad news
A genuine assault on individual and corporate tax evasion, Jayati Ghosh writes, would tap vast revenue resources.
Taking inequality seriously—and tackling it seriously
Rising inequality is a challenge for the multilateral system, Jayati Ghosh writes, which must first measure it properly.
Why the Paris financing summit failed
The June summit promised to catalyse a revolution in climate finance but concluded without a single firm commitment.
The fertiliser conundrum
Making the global food system more sustainable and equitable is hugely complex and involves difficult trade-offs.
The discreet (but dubious) charm of tax treaties
Jayati Ghosh writes that, as with much else, bilateral tax treaties binding rich and poor countries are not equal partnerships.
How not to deal with a debt crisis
Jayati Ghosh warns against historically disastrous approaches to the sovereign-debt crisis hitting low- and middle-income countries.
The monetary tightening trap
The over-reliance on interest-rate increases will likely lead to economic disaster in low- and middle-income countries.
Grappling with power imbalances
In a world of interlocking crises, Jayati Ghosh finds an antidote to despair in the potential of mobilisation for a new eco-social contract.
Effective pandemic response must be truly global
The world needs a pandemic preparedness and response strategy built on equitable and representative decision-making.
Dealing with inflation, really
Jayati Ghosh bemoans the economics profession’s inability to think beyond crude analyses of inflation—and crude policies to stem it.