OPINION

A World of Mounting Disarray

NEW YORK – My book, A World in Disarray, was published five years ago this month. The book’s thesis was that the Cold War’s end did not usher in an era of greater stability, security, and peace, as many expected. Instead, what emerged was a world in which conflict was much more …

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How Erdonomics Sank Turkey

WASHINGTON, DC – Turkey’s economy is in crisis. Inflation is high and rising, economic growth is stalling, foreign-exchange reserves have plummeted, many goods are in short supply or simply unavailable, and low- and middle-income households are increasingly impoverished. With per capita GDP having fallen from $12,600 in 2013 to $8,500 in 2020, Turkey’s …

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Lifting the Lid on Global Inequality

NEW DELHI – The World Inequality Report 2022, produced by the Paris-based World Inequality Lab, is a remarkable document for many reasons – starting with its demonstration of the immense power of patient collective research. The report provides the latest estimates, based on careful aggregation of national data from a multitude of …

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Stopping the For-Profit Pandemic

WASHINGTON, DC – It has been less than two years since phrases like “flatten the curve,” “contact tracing,” “social distancing,” and many others related to the COVID-19 pandemic entered the lexicon and became part of everyday communication. People everywhere have learned more about epidemiology, virology, and immunology than they ever …

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The G20 and the Means to Climate Safety

NEW YORK – The philosopher Immanuel Kant famously said that, “Whoever wills the end also wills…the indispensably necessary means to it that is in his control.” Put simply, when we set a goal, we ought to take the actions needed to achieve it. This is an essential maxim for our …

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What Developing Countries Need to Reach Net Zero

DUBAI – The recent report from the Intergovernmental Panel on Climate Change warns that the planet will warm by 1.5º Celsius by 2040 unless urgent measures are taken to eliminate greenhouse-gas emissions. After the report’s release, UN Secretary-General António Guterres aptly called it “a code red for humanity.” Global warming is becoming an increasingly urgent …

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China’s Risky Business Crackdown

CHICAGO – Is there a larger purpose to the Chinese government’s recent actions against the country’s largest corporations, and does its cleanup of the financial sector fit into its economic strategy? China has sought for at least 15 years to rebalance its growth from exports and fixed-asset investment to greater …

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Can Xi End China’s Gilded Age?

ANN ARBOR – Within the span of a generation, a new super-rich class emerges from a society in which millions of rural migrants toiled away in factories for a pittance. Bribery becomes the most common mode of influence in politics. Opportunists speculate recklessly in land and real estate. Financial risks …

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