In the US they call it ‘starving the beast’ – cut taxes and, as revenue decreases, you create irresistible pressure for austerity Markets have delivered
The aim of the billions committed through the Lend-Lease plan could tip the geopolitical balance. History may be about to repeat itself In the spring
The problem for Putin’s regime is political rather than financial – that’s why this would be no ordinary default As of Wednesday Russia has been
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
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
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
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
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
With a slim majority in Congress, the president-elect lacks a solid base. The past teaches us what may happen. President Trump’s efforts to overturn the
With progress blocked, the US election could entrench the poisonous status quo Whatever else emerges from the US’s 2020 election, one thing is clear: it
The forces Trump represents and the fragility of the country’s electoral machinery are problems decades in the making. As we approach 3 November, it seems
What has kept Donald Trump in the presidential race is his electoral base. It consists of white men, rural and small-town voters and small-business owners.
Are we seeing the end of the supremacy of the US dollar? With soaring government spending and gaping deficits are we on the cusp of
A coordinated response to the crisis in the Americas, India and Africa must be led by countries that have suppressed the virus It took more
Add changes in technology, macroeconomics and geopolitics to the virus, and it becomes clear why we face a turbulent year Over the last half-century the
In the spring of 2020 the streets of the major commercial capitals of the world from Lagos to Shanghai, London, and New York were eerily
During the 2008 financial crisis, many observers predicted the imminent collapse of the European currency project. They were wrong. The euro held together. Yet what
The corona shutdown of 2020 is perhaps the most remarkable interruption to ordinary life in modern history. It has been spoken about as a war.
On 20 January 1981, in his inaugural address as 40th president of the United States, Ronald Reagan declared: “Government is not the solution to our
Read my review in The Guardian of ‘Fire and Blood: The European Civil War’ by Enzo Traverso
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