The Economist Magazine (January 12, 2024): The latest issue features ‘China’s EV Onslaught’ – An influx of Chinese cars is terrifying the West; Europe’s Silicon Valley; ‘America Fights Back’ – The new contest for sea power; Why Olaf Scholz is no Angela Merkel – Germany is unable and unwilling to lead Europe; What science says about old leaders…
The Economist Magazine (January 4, 2024): The latest issue features‘The man supposed to stop Donald Trump is an unpopular 81-year-old; Israel-Hizbullah – Can war be avoided?; The stakes in Taiwan’s election; An interview with Volodymyr Zelensky; The surge in AI nationalism…
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.
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.
The Economist Magazine (December 14, 2023): The latest issue features ‘The media and the message’ – Journalism and the 2024 presidential election; ‘Can you have a healthy democracy without a common set of facts?; Iran’s regime is weaker than it looks, and therefore more pliable, and more…
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.
Foreign Affairs (December 13, 2023): The new January/February 2024 issue features ‘The Self-Doubting Superpower’ – America shouldn’t give up on the World It Made; The Middle East Remade; Why Israel Slept; Hamas’s Advantage, and more….
Most Americans think their country is in decline. In 2018, when the Pew Research Center asked Americans how they felt their country would perform in 2050, 54 percent of respondents agreed that the U.S. economy would be weaker. An even larger number, 60 percent, agreed that the United States would be less important in the world. This should not be surprising; the political atmosphere has been pervaded for some time by a sense that the country is headed in the wrong direction. According to a long-running Gallup poll, the share of Americans who are “satisfied” with the way things are going has not crossed 50 percent in 20 years. It currently stands at 20 percent.
In a barbaric surprise attack launched by Hamas on October 7, more Jews were slaughtered than on any day since the Holocaust. Thousands of elite Hamas militants from the Gaza Strip infiltrated small communities and cities in southern Israel, where they proceeded to commit sadistic, repulsive crimes against humanity, filming their vile deeds and boasting about them to friends and family back home.
The Economist Magazine (December 7, 2023): The latest issue featuresIsrael and Palestine: how to get to peace – For there to be any hope, both Israelis and Palestinians need new leaders; What if Trump stumbles? – And what might happen if Trump dropped out; Make or break for renewables – Supply-chain dysfunction, rising interest rates and protectionism are making life tough; Our books of the year – This year’s picks transport readers to mountain peaks, out to sea and back in time…
The Economist Magazine (November 30, 2023): The latest issue features ‘Blue-Collar Bonanza’ – Why conventional wisdom on inequality is wrong; Is Putin winning?; America’s most conservative court; Political Islam after Gaza, and more…
Few ideas are more unshakable than the notion that the rich keep getting richer while ordinary folks fall ever further behind. The belief that capitalism is rigged to benefit the wealthy and punish the workers has shaped how millions view the world, whom they vote for and whom they shake their fists at. It has been a spur to political projects on both left and right, from the interventionism of Joe Biden to the populism of Donald Trump. But is it true?
Old stereotypes are haunting the Middle East once more. The biggest butchery of Israeli civilians since the state’s creation, carried out on October 7th, has been followed by a slaughter of Palestinian civilians. America, which has funded, armed and defended Israel is again an object of ire. So are its Western allies. Together they are blamed for facilitating Gaza’s pummelling and the displacement of its people. A truce which began on November 24th, and which was set to expire as The Economist went to press, had led to the release of 81 hostages and 180 Palestinian detainees as of November 28th.
The agreement at the conference of the parties (cop) to the un Framework Convention on Climate Change, which took place in Paris in 2015, was somewhat impotent. As many pointed out at the time, it could not tell countries what to do; it could not end the fossil-fuel age by fiat; it could not draw back the seas, placate the winds or dim the noonday sun. But it could at least lay down the law for subsequent cops, decreeing that this year’s should see the first “global stocktake” of what had and had not been done to bring the agreement’s overarching goals closer.