A world led by a unified Europe would be a significantly better place than one mismanaged by a fragmented United States.
Brazilian President Jair Bolsonaro is rapidly losing public support, while Donald Trump remains entirely capable of triumphing in November despite his relative unpopularity.
Beyond performing essential labor, we are humans — and, in a pandemic, that should be enough to deserve help.
How will the coronavirus transform the relationship between state and market? A look at oil, food, and finance.
Hungary’s authoritarianism, Portugal’s generosity, Italy’s call for solidarity, Germany’s tightfistedness: European responses to the crisis are all over the map.
Instead of jobs and relief, the Obama administration offered only half-measures to struggling people in the Rust Belt and beyond.
The world’s two major powers lost a decade that could have been spent hashing out responses to climate change, the arms trade, and the global recession.
The world will soon enter the sixth year of the Great Recession, and there is no end in sight. In the United States, where stagnation continues to reign, some 23 million Americans remain out of work, are underemployed, or have simply dropped out of the labor force owing to frustration—a condition that now threatens to precipitate Barack Obama’s replacement by a Republican candidate whose program would only worsen the crisis.
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.
Will China be the "growth pole" that will snatch the world from the jaws of depression?