But it should keep its markets open to cheap, clean vehicles
The war against the Houthis is part of an escalating struggle for the seas
Germany is unable and unwilling to lead Europe
In failing to look past Joe Biden, Democrats have shown cowardice and complacency
To be safe, Israel needs new leadership
Israeli officials see Hizbullah as an unacceptable threat
Video timeline: 00:00 – 2024 military goals 01:35 – Why he won’t negotiate
Volodymyr Zelensky is angry; not about the successes of his enemies (he sees none) nor even about his own army’s lack of progress on the battlefield. Instead, Ukraine’s president is exasperated by the wobbles of some of his allies as well as the detachment among some of his compatriots. And he wants you to know it.
Hardened by the pressures of war, a year of negative headlines and the failure of a counter-offensive that promised so much at the start of 2023, he has shed the lightness and humour that characterised our earlier meetings with him. Seated in his situation room and speaking to The Economist via Zoom (you can watch the video here), he punches out his message as if trying to break through the computer screen.
A New Year’s interview with Volodymyr Zelensky: https://econ.st/48A4Nim
Houthi attacks on Red Sea shipping threaten global trade
For the world to prosper, ships must reach their ports. They are most vulnerable when passing through narrow passages, such as the Strait of Malacca or the Panama Canal. So a recent surge of attacks on vessels in the Red Sea, the only southern conduit into the Suez Canal, poses a grave threat to global trade. The Houthis, militants in Yemen backed by Iran, have fired over 100 drones and missiles at ships linked to more than 35 countries, ostensibly in support of the Palestinians. Their campaign is an affront to the principle of freedom of navigation, which is already at risk from the Black Sea to the South China Sea. America and its allies must deal firmly with it—without escalating the conflict in the Middle East.
Mistaken recession calls were just part of it
Spare a thought for economists. Last Christmas they were an unusually pessimistic lot: the growth they expected in America over the next calendar year was the fourth-lowest in 55 years of fourth-quarter surveys. Many expected recession; The Economist added to the prognostications of doom and gloom. This year economists must swap figgy pudding for humble pie, because America has probably grown by an above-trend 3%—about the same as in boomy 2005. Adding to the impression of befuddlement, most analysts were caught out on December 13th by a doveish turn by the Federal Reserve, which sent them scrambling to rewrite their outlooks for the new year.
Triumphant at the end of the Cold War, the United States pledged to lead humanity in a new world order. Two conflicts—in Gaza and in Ukraine—have exposed that it has never been weaker
By Samuel Moyn
The date of 7th October 2023 will go down in history as a turning point for the global role of the United States. The country’s promise both to defend and model democracy on the world stage has taken a huge hit, from which it is doubtful that it can recover. When the Ukraine War began in 2022, and the US responded with enormous military aid, the credibility of that promise had been briefly revived after the nightmare of Donald Trump’s presidency. Now it is smashed once again, joining the rubble of Gaza’s streets.
As a planet and a civilisation we are approaching tipping points—some frightening, others freeing—that will transform life as we know it. Here, we present our annual list of intellectuals—from priests and strategists to neuroscientists and historians—who will help us navigate the world in the year ahead
The Globalist Podcast (December 15, 2023) – The latest on the battle for the White House as Donald Trump surges in key swing-state polls and Joe Biden grapples with inflation, as well as a looming impeachment investigation.
Then: Moncole’s Tokyo bureau chief, Fiona Wilson, discusses the political fallout from Japan prime minister Fumio Kishida’s latest scandal. Plus: Vladimir Putin’s Year of the Family 2024 agenda, a flip through the papers and Andrew Mueller’s take on the news of the week.
America’s presidential election is a test of that proposition
Journalists should not spend much of their time writing about journalism. The world is more interesting than the inky habits of the people who report on it. But this week we are making an exception, because the discovery and dissemination of information matters a lot to politics. Don’t take our word for it: “A popular government,” wrote James Madison in 1822, “without popular information, or the means of acquiring it, is but a prologue to a farce or a tragedy; or, perhaps both.” Were Thomas Jefferson offered a choice between a government without newspapers and newspapers without a government, he said that he would choose the press (though that is probably going a bit far).
America should deter it from escalating the Gaza war, but also engage with it
Twelve months ago Iran was reeling from protests sparked by the death in custody of a young woman who had been arrested for showing too much hair. Its theocratic regime was increasingly isolated, as Arab states forged closer ties with its enemy, Israel. The economy was a mess, adding to popular anger at Iran’s ageing supreme leader and inept president. The Islamic Republic had not seemed so vulnerable in decades.
The Globalist Podcast (December 14, 2023) – We discuss Ukraine’s EU membership bid as Hungary vows to stand firm against its accession.
Plus: the latest on Vladimir Putin’s annual call-in, questions over Emmanuel Macron’s political future and Serbia’s messy election campaign. And: an interview with Bob van den Oord on the future of luxury travel and hospitality.
A peace process can go wrong in many ways, but a real possibility exists that it could go right
What the world could learn from Britain’s flawed approach
Our poll tracker sheds light on that competition. It may yet matter
Boomers Daily 