Rage aimed at the eminent international relations scholar reflects liberal frustration over the West’s limited power to prevent Russia’s war in Ukraine. “Why is Ukraine
The freezing of Russia’s central bank reserves has brought conflict to the heart of the international monetary system. Ukraine’s resistance to Russia’s invasion has changed
It may be an embarrassment now, but with $11bn spent you would be brave to bet against the pipeline eventually carrying Russian gas to the
A review of: THE LORDS OF EASY MONEYHow the Federal Reserve Broke the American EconomyBy Christopher Leonard As the U.S. economy bounces back from the
Surging energy prices force us to confront the suffering caused by inflation and our uncertain future. But a new wage-price spiral is still unlikely. Prices
Covid-19 brought the EU together — the crisis in Ukraine may now tear it apart. As 2022 begins, Europe presents a Janus face. In the
Despite victories from Covid to climate change, the president is hamstrung and the nation as divided as ever At the 12-month mark, the obituaries for
Whether as Italy’s prime minister or its president, he may not have the solution to Italy’s problems. On Jan. 24, Italy’s parliamentarians and a caucus
How U.S. polluters might drag the country’s economy down with them. The United Nations climate change conference (known as COP26) in Glasgow, Scotland, was billed
The summit exposed a world looking beyond a broken neoliberal model Cop26 delivered no big climate deal. Nor, in truth, was there any reason to
Adam Tooze on Andreas Malm’s post-pandemic climate politics The carbon clock is ticking. Governments and official agencies assure us that all will be well, that they can
This is a moment to accelerate the transition towards net zero, not to retreat. When it comes to the politics of energy and the climate
Christian Lindner would be unsuitable as finance minister – but would make a good minister of digital affairs, according to economists Joseph E. Stiglitz and
A fiscal conservative in the job and a new era of debt limitation could spell disaster for EU countries The result of the German election
After years of consensus, a new era of division is set to roil German politics at home and abroad. In what may prove to be
Understanding the shifting balance of social forces, interest groups and political factions is essential to see how China escaped the shock therapy that brought down
The global war on terror triggered by 9/11 was a vast undertaking. It took hundreds of thousands of lives, reshaped America’s relations with large parts
Despite forecasts of decline following the Afghanistan withdrawal, the US military is planning another century of global domination. In August 2021, the dismaying scenes at
The year 2020 exposed the risks and weaknesses of the market-driven global system like never before. It’s hard to avoid the sense that a turning
Almost two years since the novel coronavirus began to circulate through the human population, what lessons have we learned? And what do those lessons portend
As the chances of evacuation dwindle, the West owes Afghans a chance at surviving in their own country. As Western powers pull out of Afghanistan,
In the last two years the central banking community has embraced the issue of climate change. That is not to say that central bankers have
For decades, the West has ignored the significance of China’s rise – but we must recognise that it will be instrumental in all our futures
On July 8th the European Central Bank announced the results of the Monetary Policy Strategy Review initiated by its president, Christine Lagarde, in January 2020. Delayed by
Financial capital and the courts are quietly creating the conditions to stop global warming—if politics does its part, too. Will the spring of 2021 prove
At the time of writing, the pandemic is continuing to take a heavy toll on the European economy, and even though an economic collapse has
The question of public debt hangs over Europe’s future. Brussels prefers to talk about other things—the Green Deal or social Europe. The European public is
When we think of tackling the problem of climate change we might think of smoke-belching power plants, or gas-guzzling trucks, or the guilty pleasure of
Does Joe Biden’s climate plan go far enough? On 22-23 April the Biden administration is hosting a global climate summit to mark Earth Day, named
Arguing with Zombies: Economics, Politics and the Fight for a Better Future by Paul Krugman. Norton, 444 pp., £13.99, February, 978 0 393 54132 8 Paul Krugman’s latest collection of essays,
The U.S. treasury secretary and the Italian prime minister have spent decades shaping this economy. But can they control what comes next? In recent years,
In its dealings with Beijing, the United States has turned to classic grand strategy with the aim of safeguarding its primacy. In contrast, the EU
In the 18th century, Europe was the cradle of the fossil-fuel revolution. Now, we are calling time on the energy sources which have hitherto defined
The party risks a dead end with its ‘Little Britain’ thinking, in marked contrast to the bolder path taken by Joe Biden What a difference
The United States’ massive relief package is more than a technocratic policy. It’s a democratic triumph. There is a lot of debate right now about
Last year’s agreement on an EU recovery package was widely celebrated. This year its inadequacy will sink in. The attention of the European public is
© 2025 Adam Tooze. All Rights Reserved. Privacy policy. Design by Kate Marsh.