In Print

The Guardian Logo

The Cop26 message? We are trusting big business, not states, to fix the climate crisis

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 expect one. The drastic measures that might – at a stroke – open a path to climate stability are not viable in political or diplomatic terms. Like climate breakdown itself, this is a fact to be reckoned with, a fact not just about “politicians”, but about the polities of which we are all, like it or not, a part. The step from the scientific recognition of a climate emergency to societal agreement on radical action is still too great. All that the negotiators at Cop26 could manage was makeshift. When it comes to climate finance, the gap between what is needed and what is on the table is dizzying. The talk at the conference was all about the annual $100bn

Read More »
London Review of Books Logo

Ecological Leninism

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 balance the risks. Some insist that technology will save us. We have achieved the impossible before, we will do it again. But why believe them? Progress towards decarbonisation has been limited. Fossil fuel interests remain stitched into global networks of power directly descended from the age of imperialism. Their political outriders may be cynical hacks, but public support for the fossil fuel status quo is all too real. The carbon coalition seems death-driven, defiant of expert advice. Centrist liberals are loud in expressing outrage, but shrink away when push comes to shove. There are periodic waves of protest. Children boycott school. There are demands for a new social contract and a just transition. A minority, tiny as yet, calls for

Read More »
The New Statesman logo

Why the so-called “energy crisis” is both a threat and an opportunity

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 it can seem as though we are living inside a kaleidoscope. In April 2020 Covid-19 sent oil futures tumbling into negative territory. In May this year, global oil companies were on the run, as ExxonMobil’s diehard management were humiliated by activist shareholders when they demanded

Read More »
Zeit Online

“It Would Be a Mistake to Grant Him His Wish”

Christian Lindner would be unsuitable as finance minister – but would make a good minister of digital affairs, according to economists Joseph E. Stiglitz and Adam Tooze. From the coalition negotiations in Berlin so far, two things are clear: The Traffic Light coalition – so named because of the colors associated with the parties involved – is the government Germany needs right now. The three parties – the center-left Social

Read More »
The Guardian Logo

The future of Europe is at stake in the fight for Germany’s finance ministry

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 was known within minutes of the polls closing on 26 September. But the kind of government that will emerge is being decided now, behind closed doors, in intense three-way coalition negotiations. With the Christian Democratic Union (CDU)/Christian Social Union (CSU) humiliated by a defeat of unprecedented magnitude, Olaf

Read More »

Archive

How China Avoided Soviet-Style Collapse

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 Soviet Union. For three days in the middle of

Read More »
The New Statesman logo
The new age of American power

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 Kabul airport stirred a number of gloomy pronouncements about the

Read More »
The Guardian Logo
Has Covid ended the neoliberal era?

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 point has been reached If one word could sum up

Read More »
Centre for European Reform
Learning to Live with Debt

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 been prevented, Europe’s growth prospects are far from encouraging. Policy-makers

Read More »
Social Europe Logo
The debt hawks are flapping their wings

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 more urgently interested in vaccines, lockdowns and immigration. But nothing

Read More »
New Statesman
America’s race to net zero

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 after the largest ever environmental demonstration, staged in the United

Read More »
London Review of Books Logo
The Gatekeeper

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, Arguing with Zombies, first appeared in January 2020. Not only

Read More »