Budget constraints have gone missing. That presents both danger and opportunity
It is sometimes said that governments wasted the global financial crisis of 2007-09 by failing to rethink economic policy after the dust settled. Nobody will say the same about the covid-19 pandemic. It has led to a desperate scramble to enact policies that only a few months ago were either unimaginable or heretical. A profound shift is now taking place in economics as a result, of the sort that happens only once in a generation. Much as in the 1970s when clubby Keynesianism gave way to Milton Friedman’s austere monetarism, and in the 1990s when central banks were given their independence, so the pandemic marks the start of a new era. Its overriding preoccupation will be exploiting the opportunities and containing the enormous risks that stem from a supersized level of state intervention in the economy and financial markets.
A selection of three essential articles read aloud from the latest issue of The Economist. This week, why ESG should be boiled down to emissions, why the Tory leadership race should focus on Britain’s growth challenge (10:00), and how software developers aspire to forecast who will win a battle (18:20).
Activists are combining voter suppression with election conspiracies to capture the state in 2022 and beyond.By Dan Kaufman
Annals of a Warming PlanetLiving Through India’s Next-Level Heat WaveIn hospitals, in schools, and on the streets, high temperatures have transformed routines and made daylight dangerous..By Dhruv Khullar
A selection of three essential articles read aloud from the latest issue of The Economist. This week, why the Democrats need to wake up and stop pandering to their extremes, Europe’s winter of discontent (9:50), and why bottling white wine in clear glass is an error (18:09).
A selection of three essential articles read aloud from the latest issue of The Economist. This week, why Britain is in a dangerous state, why the world’s most exciting app is also its most mistrusted (10:49), and Trumpism’s new Washington army (18:38).
The hype about TikTok is justified—and so are the concerns. There’s a reason why the world’s most exciting app is also its most mistrusted https://econ.st/3bQE9JX
A selection of three essential articles read aloud from the latest issue of The Economist. This week, how to win the long war in Ukraine, why the Supreme Court’s judicial activism will deepen cracks in America (10:20), and beach reads for business people (17:55).
Ukraine won the short war. Now comes the long war, and so far, Russia is winning. But it does not have to be fought on Vladimir Putin’s terms
Ukraine won the short war. Mobile and resourceful, its troops inflicted terrible losses and confounded Russian plans to take Kyiv. Now comes the long war. It will drain weapons, lives and money until one side loses the will to fight on. So far, this is a war that Russia is winning.
In recent days its forces have taken the eastern city of Severodonetsk. They are advancing on Lysychansk and may soon control all of Luhansk province. They also threaten Slovyansk, in the north of next-door Donetsk. Ukrainian leaders say they are outgunned and lack ammunition. Their government reckons as many as 200 of its troops are dying each day.
Read more: https://econ.trib.al/tGgFvii
A selection of three essential articles read aloud from the latest issue of The Economist. This week, how to fix the world’s energy emergency without wrecking the environment, the Biden-Harris problem (10:15), and China’s worsening mental-health crisis (16:45).
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