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Myths of Kashmir

The Indian government’s recent decision to revoke Kashmir’s special semi-autonomous status has raised fears of yet another conflict with Pakistan over the disputed territory. But in order to understand the implications of the events unfolding in Kashmir – a heavily militarized geopolitical..

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Capitalism in the Last Chance Saloon Monday, September 2nd, 2019

This year, the evidence that global warming is occurring, and that the consequences for humanity could be severe and potentially catastrophic, has become more compelling than ever. Record global temperatures in June and July. Unprecedented heatwaves in Australia and India, with temperatures above..

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Tradition, Marketing and Blacked Cognac Sunday, September 1st, 2019

The moment the liquid hits the mark, lips on the balloon rim, the hand having swirled the mellow colouring to life, the throat anticipates. It is tenderising, the gentle burn finding its way down to the belly. Most cultures have their tribute of firewater, or hellfire’s brew, but France’s..

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HAS IMRAN KHAN LOST HIS WAY?

Earlier, Imran Khan captained the Pakistan cricket team with considerable distinction and lifted the reputation of the team to new heights. Later on, he took steps to construct a cancer hospital in Pakistan. Both these activities created high expectations about his leadership qualities and..

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The Battle for Britain Saturday, August 31st, 2019

The Brexit “Leave” campaign has been billed as an effort to “take back control” by restoring “sovereignty” to the United Kingdom’s Parliament. It is thus deeply ironic that one of the first moves of the Brexiteers upon coming to power has been to suspend Parliament and shut down..

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The Trump Narrative and the Next Recession Friday, August 30th, 2019

US President Donald Trump concluded his remarks at the recent G7 summit by inviting the assembled leaders to hold next year’s meeting at his Doral country club near Miami, describing a fantasy-like world of “magnificent buildings” whose “ballrooms are among the biggest in Florida and the..

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Unhinged before the Fall: Boris Johnson, Parliament and Brexit Thursday, August 29th, 2019

The Brexit no deal prospect is engendering an element of lunacy fast seeping into every pore of the British political establishment. As with all steeped in such thinking, some of it made sense. Prime Minister Boris Johnson had been inspired by a mild dictatorial urge, seeking to suspend the UK..

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Will the Iran Conflict Break the West?

Before the G7 summit in Biarritz, France, this month, it was a toss-up whether the greater disruption would come from US President Donald Trump or British Prime Minister Boris Johnson. Yet the attendee who had the biggest impact was someone who was not expected to be there at all: Iranian Foreign..

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Could a US Recession End the Trade War? Wednesday, August 28th, 2019

The recent inversion of the yield curve in the United States – with the interest rate on ten-year US government bonds currently lower than that on short-term bonds – has raised fears of a possible US recession later this year or in 2020. Yet, paradoxically, a downturn in America could help to..

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Flailing at China Tuesday, August 27th, 2019

This will be the tenth year that I have taught a course at Yale called “The Next China.” The course focuses on modern China’s daunting economic transitions. It frames the moving target that eludes US President Donald Trump’s administration, which is taking dead aim at the Old China (a..

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Justifications for Inequality: The Neuroses of Kochland Monday, August 26th, 2019

One of the brothers Koch, David, has shuffled off this mortal coil, and the pious few looking at his passing may well think he is making it tough for camels passing through needles. As part of the Brothers Koch, he presided over a corporate empire that did its pinching best to wrest control from..

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The End of Shareholder Primacy?

This month, the Business Roundtable, a group comprising the CEO’s of America’s largest and most powerful corporations, formally abandoned the view that maximizing shareholder value should be a company’s primary objective. The implication is that shareholders will no longer always take..

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Whither Central Banking?

The world’s central bankers and the scholars who follow them are having their annual moment of reflection in Jackson Hole, Wyoming. But the theme of this year’s meeting, “Challenges for Monetary Policy,” may encourage an insular – and dangerous – complacency. Simply put, tweaking..

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The Unsustainability of Inequality Saturday, August 24th, 2019

“Sustainability” is a relatively new organizing principle in global policy. It is new partly because economists have long been largely hostile to the very idea. Postwar neoclassical growth theories deliberately ignored resource and environmental limits, disparaged and disdained ecologists, and..

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Is Peace with the Taliban Possible? Friday, August 23rd, 2019

Despite ongoing peace negotiations between the United States and the Taliban, the bloody conflict in Afghanistan continues to take a heavy toll on the country’s people. The recent suicide bombing by the Khorasan branch of the Islamic State (IS-K) at a wedding in Kabul, which killed more than 60..

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Why the Middle East Is Betting on China Thursday, August 22nd, 2019

Middle Eastern leaders seem to be in a race to gain favor with China. While the region buzzes with criticism of US policy, its political elites are busy showering China with accolades and heading to Beijing to sign a wide variety of bilateral agreements. Egyptian President Abdel Fattah el-Sisi, for..

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Will Democracy Die Last?

In the late 1970s and early 1980s, prominent international relations experts such as the late French political philosopher Pierre Hassner argued that the world was witnessing a process of competitive decay between the United States and the Soviet Union. For the latter, the conflict in Afghanistan..

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The Fall and Rise of Public Heroism Wednesday, August 21st, 2019

Recently I watched The Man Who Was Too Free, a moving documentary about the Russian dissident politician Boris Nemtsov, who was gunned down in front of the Kremlin in 2015. A young, handsome rising political star in the 1990s, Nemtsov later refused to bend to Russian President Vladimir Putin’s..

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The West’s Arrested Social Development Thursday, November 21st, 2019

After three decades of worsening economic inequality, advanced-country populations are angry, and they are taking their grievances to the ballot box or the streets. But..

Humans Can Survive Underwater Thursday, November 21st, 2019

How the IMF Can Battle Gradual Irrelevance Tuesday, November 19th, 2019