global economy
YOLO Economics

YOLO Economics

Fossil fuels provided a one-time-only quantum leap in growth. Coming up with a new economic model should be on everyone’s bucket list.

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From Davos to Dystopia

From Davos to Dystopia

The World Economic Forum has released a new report calling for a “shift in mentality” to address a looming crisis typified by rebellion, protest, and political violence sparked by inequality and marginalisation across the world. The seventh edition of the organization’s Global Risks report highlights the increasing importance of marginalization as a security issue over the coming decades. It describes the “seeds of dystopia” threatening both social and political stability across the world.

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The Year of Living Dangerously

Get ready for a rocky year. From now on, rising prices, powerful storms, severe droughts and floods, and other unexpected events are likely to play havoc with the fabric of global society, producing chaos and political unrest. Start with a simple fact: the prices of basic food staples are already approaching or exceeding their 2008 peaks, that year when deadly riots erupted in dozens of countries around the world.

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Recovery Recedes, Convulsion Looms

Recovery Recedes, Convulsion Looms

The dominant mood in liberal economic circles as 2010 drew to a close, in contrast to the cautiously optimistic forecasts about a sustained recovery at the end of 2009, was gloom, if not doom. Fiscal hawks have gained the upper hand in the policy struggle in the United States and Europe, to the alarm of spending advocates like Nobel laureate Paul Krugman and Financial Times columnist Martin Wolf who see budgetary tightening as a surefire prescription for killing the hesitant recovery in the major economies.

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