Tag Archives: Opinion

Report: “Deglobalization Of Finance” – May 11, 2024

Special reports: Worlds apart

The Economist SPECIAL REPORTS (May 8, 2024): The ‘Deglobalization of Finance’ issue features

Worlds apart

The American-led financial order is giving way to a more divided one

Ten years ago your correspondent was fidgeting nervously in a meeting room at vtb Capital, the investment-banking arm of Russia’s second-biggest bank, just across the road from the Bank of England. During the recruitment process for a graduate job, things had taken a worrying turn. A Russian missile had shot down mh17, a passenger flight from Amsterdam to Kuala Lumpur, while it was passing over Ukraine. Plenty of Russian firms were already under Western sanctions owing to the annexation of Crimea earlier that year. Now sanctions were being ramped up, and vtb Capital’s parent bank was a prime target. Hence the fidgeting: how to ask the slightly alarming man across the table whether there would even be a vtb in a few months’ time?

The global financial system is in danger of fragmenting

How crises reshaped the world financial system

The movement of capital globally is in decline

National payment systems are proliferating

The fight to dethrone the dollar

How the financial system would respond to a superpower war

Sources and acknowledgments

Opinion & Politics: Reason Magazine – June 2024

Reason magazine, June 2024 cover image

REASON MAGAZINE (March 21, 2024)The latest issue features ‘The AI Issue’

In the AI Economy, There Will Be Zero Percent Unemployment

AI developer Andrew Mayne explains why technology could create more jobs and lead to unprecedented economic growth.

The Future of AI Is Helping Us Discover the Past

An AI-generated image using the prompt, “Illustration of AI helping the study of history in the style of Da Vinci." | Illustration: Joanna Andreasson/Midjourney

Historical teaching and research are being revamped by AI.

VIRGINIA POSTREL

Will Antitrust Policy Smother the Power of AI?

An AI-generated image using the prompt, “Illustration of antitrust smothering the power of AI." | Illustration: Joanna Andreasson/Midjourney

Left alone, artificial intelligence could actually help small firms compete with tech giants.

PATRICK HEDGER

Special Report: “India’s Economy” – April 27, 2024

Special reports: The India express

The Economist SPECIAL REPORTS (April 22, 2024): The latest issue features The India express – With the right changes, it can continue as an engine of global growth, say Arjun Ramani and Thomas Easton….

For its next phase of growth, India needs a new reform agenda

An illustration showing a modern train pulling old carriages.

With the right changes, it can continue as an engine of global growth, say Arjun Ramani and Thomas Easton

The consecration of the Ram temple in Ayodhya, a city in Uttar Pradesh, in January was a matter of supreme importance to Narendra Modi, India’s prime minister; attendance was thus de rigueur for those seeking his approval. The attendant courtiers included not just politicians, officials and foreign dignitaries but also India’s biggest corporate bosses. Uttar Pradesh is not their normal stamping ground, and Ayodhya has not until recently been much of a destination for tycoons. Now it has 115 hotels under construction, and some of those January visitors may soon be finding reasons to return.

India’s financial system has improved dramatically in the past decade

India’s difficult business environment is improving

India’s leaders must deal with three economic weaknesses

Going green could bring huge benefits for India’s economy

Culture/Politics: Harper’s Magazine – May 2024

HARPER’S MAGAZINE – April 15, 2024: The latest issue features The Life and Death of Hollywood – Film and television writers face an existential threat; The Race for Second Place – The Republican primaries as farce

The Life and Death of Hollywood

Photo illustration by Nicolás Ortega

Film and television writers face an existential threat

by Daniel Bessner

In 2012, at the age of thirty-two, the writer Alena Smith went West to Hollywood, like many before her. She arrived to a small apartment in Silver Lake, one block from the Vista Theatre—a single-screen Spanish Colonial Revival building that had opened in 1923, four years before the advent of sound in film.

Smith was looking for a job in television. She had an MFA from the Yale School of Drama, and had lived and worked as a playwright in New York City for years—two of her productions garnered positive reviews in the Times. But playwriting had begun to feel like a vanity project: to pay rent, she’d worked as a nanny, a transcriptionist, an administrative assistant, and more. There seemed to be no viable financial future in theater, nor in academia, the other world where she supposed she could make inroads.

The Race for Second Place

Illustration by Nate Sweitzer

The Republican primaries as farce

by Kyle Paoletta

On the Saturday before the Iowa caucuses, the super PAC supporting Florida governor Ron DeSantis staged a “drop by” for the candidate at its headquarters in West Des Moines. Outside the modernist office park, much of the Upper Midwest was under a deep freeze brought on by a low-pressure system that had deposited more than a foot of snow in advance of a surge of arctic air that brought the wind chill into the negative thirties. Despite the atrocious road conditions, DeSantis was keeping his schedule as a “special guest” of the Never Back Down PAC, beginning the day at the far western end of Iowa, in Council Bluffs, and concluding it three hundred miles east, in Davenport.

Technology Quarterly: ‘Health And AI’ (April 2024)

Technology Quarterly: A new prescription

The Economist (April 1, 2024): The latest issue of THE ECONOMIST TECHNOLOGY QUARTERLY is focused on:

A new prescription

AIs will make health care safer and better, reports Natasha Loder. It may even get cheaper too

AIs will make health care safer and better

Artificial intelligence has long been improving diagnoses

Medical AIs with human faces are on their way

Artificial intelligence is taking over drug development

Can artificial intelligence make health care more efficient?

Read full report

Opinion: Vulnerability Of Israel, Immigrants In UK And Elon Musk’s Starship

‘Editor’s Picks’ Podcast (March 25, 2024): A selection of three essential articles read aloud from the latest issue of The Economist. This week, as the death toll climbs in Israel’s war on Gaza, we argue that the country looks deeply vulnerable. Plus, we consider Britain as an unexpected beacon of immigration. And finally, as Elon Musk’s Starship reaches space, we examine SpaceX’s approach to rocket development.

Opinion & Politics: Reason Magazine – May 2024

Magazine

REASON MAGAZINE (March 21, 2024)The latest issue features ‘What If America Runs Out Of Bombs?’ – Due to overzealous interventionism, the U.S. is dispensing munitions faster than they can be replaced…

What if America Runs Out of Bombs?

An illustration of Uncle Sam as a PEZ dispenser, dispensing bombs | Photo: Julian Dufort; Wikimedia

The U.S. is dispensing munitions to Ukraine and Israel faster than they can be replaced.

By MATTHEW PETTI 

How Capitalism Beat Communism in Vietnam

Two photos illustrate Vietnam's progress over time | Photo: Hanoi, Vietnam, 1985; Christopher Pillitz/Gettya; Photo: Hanoi, Vietnam, 2020; Manan Vatsyayana/AFP via Getty

It only took a generation to go from ration cards to exporting electronics.

RAINER ZITELMANN

Anti-Chinese Xenophobia Fueled America’s First Drug War

opium | Photo: An opium den in Chinatown, San Francisco, California, in 1898; REASON 31 Strohmeyer & Wyman/Library of Congress

Opium dens in San Francisco were patronized “by the vicious and the depraved,” politicians of the 1800s claimed.

JACOB SULLUM

The Economist Special Report: ‘The Oil Industry’

Special reports: The long goodbye

The Economist SPECIAL REPORTS (March 17, 2024): The latest issue features ‘The long goodbye’ – The next 50 years will be different, argues Vijay Vaitheeswaran in a special report…

For 50 years the story of oil has been one of matching supply with increasing demand

Oil well in the desert

Fly west across the United Arab Emirates from Fujairah, a tanker-filled port on the Gulf of Oman, towards the Persian Gulf and you get a sense of the vulnerability arid lands have to climate change. The farms around Dhaid provide a splash of green, but homegrown food is scarce, homegrown staples next to non-existent. Drinkable water comes mostly from desalination plants. The heat is growing inhumane; outside work is banned during the hottest hours of summer afternoons.

Why oil supply shocks are not like the 1970s any more

The end of oil, then and now

Oil’s endgame will be in the Gulf

Can Big Oil run in reverse?

Sources and acknowledgments

Culture/Politics: Harper’s Magazine – April 2024

HARPER’S MAGAZINE – APRIL 2024:

Crime and Punishment

Can American policing be fixed?

by Ras BarakaRosa BrooksBarry FriedmanChristy E. LopezTracey L. MearesBrian O’HaraPatrick Sharkey

In May 2020, the Minneapolis police officer Derek Chauvin’s murder of George Floyd sparked the largest wave of civil unrest in U.S. history. An estimated twenty-three million people took to the streets, calling for the reformation, defunding, disarming, or even abolition of police departments. Protesters pointed to policing’s disproportionate targeting of black and brown communities, its role in creating the world’s largest carceral state, and its increasing reliance on military weapons and tactics. Defenders of law enforcement countered that a militarized police force is necessary to regulating the most heavily armed civilian population on earth. These defenders claimed that racism…

Jacob’s Dream

MAGA meets the Age of Aquarius

by Frederick Kaufman

Jacob Angeli-Chansley, the man the media has dubbed the QAnon Shaman, had been released from federal custody six weeks before when we met for lunch at a place called Picazzo’s, winner of the Phoenix New Times Best Gluten-Free Restaurant award in 2015. Despite a protracted hunger strike and 317 days isolated in a cell, Jacob’s prison sentence of forty-one months for obstruction of an official proceeding on January 6, 2021, had been shortened owing to good behavior, and he was let out about a year early on supervised release.

Commentary Magazine – April 2024 Opinion Preview

Image

Commentary Magazine (March 15, 2024) The latest issue features ‘The Elite War On The American Middle Class…And How To End It’; The Big Lies about Israel’s Big Bombs…

The Elite War on the American Middle Class—and How to End It

by Christine Rosen

Being middle class in America used to mean something—something socially transformative, something even revolutionary. The American middle class represented a form of national social order never before seen on this earth—cultural domination not by the very rich and very educated, or the political domination either by tyrants or the mob, but by a mass of people, relatively well-to-do, who felt themselves fortunate in their circumstances. That was what made the American middle class different from the French or English bourgeoisie. Its members believed, and the country believed, that they were the nation’s backbone, its true governing class, and its moral compass.

The Four Questions of 2024

by Matthew Continetti

President Joe Biden and former president Donald Trump squared off four years ago and are on track for the first major-party rematch since 1892. Biden and Trump are the oldest presidential candidates in history, and each man has an established political brand. Biden first won federal office in 1972, and it’s been over a decade since the GOP nominated someone other than Donald Trump. The 2024 election is like all the SIRIUS XM oldies stations—Classic Vinyl, Classic Rewind, Rock and Roll Hall of Fame Radio—rolled into one.

The Hateful Candace Owens

by Christine Rosen

If you had never heard of Candace Owens until recently, you aren’t alone. Less than a decade ago, she was an unknown college dropout working as a marketing professional in New York, writing pieces for her company’s website about the “bat-s—t crazy antics of the Republican Tea Party.” Then, suddenly, she claimed to have experienced a political conversion. She told the libertarian political commentator Dave Rubin in 2017, “I became a conservative overnight. . . . I realized that liberals were actually the racists. Liberals were actually the trolls.”