One day in 1961, an American economist named Daniel Ellsberg stumbled across a piece of paper with apocalyptic implications.
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Global Warming’s Paper Trail

One day in 1961, an American economist named Daniel Ellsberg stumbled across a piece of paper with apocalyptic implications. Ellsberg, who was advising the US government on its secret nuclear-war plans, had discovered a document that contained an official estimate of the death toll in a preemptive “first strike” on China and the Soviet Union: […]

Amid ongoing attacks by US President Donald Trump, the battle for the future of multilateralism has commenced.
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A Fragmented Multilateralism?

Amid ongoing attacks by US President Donald Trump, the battle for the future of multilateralism has commenced. Previous demands for pragmatic reforms have escalated into pressure for the wholesale transformation – or even total destruction – of the global framework of multilateral institutions. Trump seems to prefer a “system” in which bilateral deals replace the […]

This year, extreme weather conditions have ravaged our planet, subjecting vulnerable communities around the world to the ever-increasing impacts of climate change.
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The Masses Are Mobilizing for Climate Leadership

This year, extreme weather conditions have ravaged our planet, subjecting vulnerable communities around the world to the ever-increasing impacts of climate change. With each passing day, we learn more about – and experience directly – the dangerous consequences of extracting and burning fossil fuels. Floods, droughts, and wildfires are becoming deadlier, and weather patterns more […]

The fall of the Berlin Wall almost 30 years ago represented a high-water mark in the retreat of the state from the global economy, signalling a defeat of socialist economics virtually worldwide.
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State Capitalism 2.0

The fall of the Berlin Wall almost 30 years ago represented a high-water mark in the retreat of the state from the global economy, signalling a defeat of socialist economics virtually worldwide. From dirigiste France to communist China, countries with widely divergent economic models began to adopt a more laissez-faire policymaking approach, predicated on the […]

When the Soviet Union imploded in 1991, the Communist Party of China (CPC) became obsessed with understanding why.
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China is Losing the New Cold War

When the Soviet Union imploded in 1991, the Communist Party of China (CPC) became obsessed with understanding why. The government think tanks entrusted with this task heaped plenty of blame on Mikhail Gorbachev, the reformist leader who was simply not ruthless enough to hold the Soviet Union together. But Chinese leaders also highlighted other important […]

The Myth of Secular Stagnation
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The Myth of Secular Stagnation

In the aftermath of the 2008 financial crisis, some economists argued that the United States, and perhaps the global economy, was suffering from “secular stagnation,” an idea first conceived in the aftermath of the Great Depression. Economies had always recovered from downturns. But the Great Depression had lasted an unprecedented length of time. Many believed […]