Chartbook 234: Whither China? Part III: Policy hubris and the end of infallibility
China’s economy is in trouble because its authoritarian demons are catching up with it and paralyzing the private sector. | ADAM TOOZE
Billionaire George Soros has been funding democracy promotion around the world for decades, through his Open Society Foundation. For his efforts, he’s become a bogeyman for the far right. But what economic philosophies drive Soros’s charity work? And how do they align with the business strategies that made him so fabulously wealthy? Adam and Cameron […]| ADAM TOOZE
“The market for U.S. government debt (Treasuries) forms the bedrock of the global financial system. The ability of investors to sell Treasuries quickly, cheaply, and at scale has led to an assumption, in many places enshrined in law, that Treasuries are nearly equivalent to cash. Yet in recent years Treasury market liquidity has evaporated on […]| ADAM TOOZE
Politicized memory plays strange tricks. To listen to influential Western voices in 2023 you might imagine that China emerged in December 2022 from long confinement in a zero-COVID prison, a regime dictated by the vanity of Xi Jinping, a regime which inflicted years of comprehensive and repressive lockdowns on a hapless population and revealed the […]| ADAM TOOZE
Adam and Cameron discuss the common pencil—both a must-have back-to-school item and a metaphor for the free-market economy. Also on the show: The economics of Mongolia. Find more episodes and subscribe at Foreign Policy.| ADAM TOOZE
In “The Last Politician,” Franklin Foer presents the first half of Biden’s presidency as a series of made-for-television moments meant to inspire doubters and assuage critics. How will the history of the Biden administration be written: as the turning point when America began to heal or as a hiatus between moments of deadlock and adversity? […]| ADAM TOOZE
US and EU attempts to respond to China’s Belt and Road Initiative have fallen dismally short Read the full article at The Financial Times| ADAM TOOZE
Europe’s centrist political class is looking anxiously towards elections for the European Parliament in 2024. What they fear is a “lurch” to the far-right. In Germany the AfD has surged to joint second place with Chancellor Olaf Scholz’s SPD in the polls. At 19 percent the AfD’s support is roughly twice what it was at […]| ADAM TOOZE
Economic growth in Japan is surging while the U.K. continues its long slump. Adam and Cameron explain what’s driving the trends in each country. Find more episodes and subscribe at Foreign Policy.| ADAM TOOZE
China’s economy is in trouble because its authoritarian demons are catching up with it and paralyzing the private sector. | ADAM TOOZE
Is Russia’s war economy on the brink of crisis, or settling into a new “long-war” mode? | ADAM TOOZE
