China’s Long-Term Strategy vs The West’s Civil War and Short-Termism While the effectively bankrupt West is tearing itself apart and undermining its society, economy and science, China is not just getting on with it, but forging ahead. A good starting point in understanding what is happening now, with all the…
Read MoreAs we argued in 2007 and again following the G20 summit in Hamburg, global warming will affect poor countries far less able to cope with the consequences than the advanced industrial nations. We also warned that if the science is correct, emissions of greenhouse gases need to be reduced due…
Read MoreMuch of the West is effectively bankrupt and insolvent. The developing world is not much better off. France’s cumulative debt of government, households and businesses amounts to 250% of GDP, an increase of 66% since 2007. That figure excludes unfunded pension and health-care liabilities. six largest pension saving systems –…
Read MoreLess than a month after the hysteria and sheer bad thinking levelled at the decision of U.S. President Donald Trump to withdraw from the Paris Agreement on climate change, some sanity and common sense have returned to some of the climate change community. As we wrote at the time, if…
Read MoreIn his writeup of this year’s gathering of politicians and businessmen in Davos (“Complacency in a Leaderless, Multipolar World,” The Moscow Times, Feb. 12, 2013), Nobel laureate in economics Joseph Stiglitz quotes with apparent approval a development expert who claimed that “The West never had any moral authority.” Stiglitz goes on to explain that “colonialism, slavery, the splintering of Africa into small countries and a long history…
Read MoreDrawing by Niyaz Karim Just before the start of the recent G20 summit in Los Cabos, Mexico, economists at the Brookings Institution announced that policy paralysis was hitting the global recovery. This news, while true, is far from shocking. The markets have been complaining for years now that both the…
Read MoreIn the 1990s, many economists in the U.S. and Europe predicted that the euro would fail. Yet precious few pointed to the West’s huge debt in the late 1990s – or forecast that even higher debt after 2000 would not only lay low the euro, but also the U.S. and indeed the…
Read MoreГлобальный экономический форум в Давосе на прошлей неделе очередной раз показал, почему global outreach («разъяснительная кампания») в России неудачна: РФ еще не понимает внешний мир и не умеет с ним общаться. Утром 27 января корреспондент… Глобальный экономический форум в Давосе на прошлей неделе очередной раз показал, почему global outreach («разъяснительная…
Read MoreПарадоксы русской модернизации Modernity – западно-европейское изобретение, а не китайское. Попытаемся разобраться в том, что такое modernity, выяснив попутно некоторые западные unspoken assumptions – «непроговариваемые предположения». Ведь именно они объясняют, почему все попытки учить Запад, не приносят результатов и лишь вызывают обратный эффект. Мы также определим внешние и внутренние компоненты…
Read MoreRussia and China are becoming increasingly integrated in the global economy and both have stepped up their activity sharply in Africa, Latin America and Asia in recent years, trends that are only likely to accelerate in the future. But Russia’s motives in the developing world are rather different from those…
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