The Bomb Was Horrifying. The Alternatives Would Have Been Worse.
Historical records show that dropping atomic bombs was the least bad option.
List of Economics articles
![Ones-And-Tooze-podcast-series-1500x1000-site (1)]()
Ones-And-Tooze-podcast-series-1500x1000-site (1)
Tech’s New Trillionaire
Plus: the economics of Mexico.
![Six Mongolian yurt tents stand in a field in front of a ridge of conifer trees. Overhead is a blue sky at dusk, dotted with stars and clouds.]()
Six Mongolian yurt tents stand in a field in front of a ridge of conifer trees. Overhead is a blue sky at dusk, dotted with stars and clouds.
Mongolia’s Paper Fleet Is Helping Russia Dodge Sanctions
A landlocked country is offering flags of convenience at sea.
![South Korean actor Song Kang-ho poses during a photo call for the film "Cobweb" at the 76th edition of the Cannes Film Festival in Cannes, France.]()
South Korean actor Song Kang-ho poses during a photo call for the film "Cobweb" at the 76th edition of the Cannes Film Festival in Cannes, France.
K-Culture Is Here to Stay
South Korea’s unique conditions make it an entertainment giant.
![Asian Development Bank President Masatsugu Asakawa and Malaysian Prime Minister Anwar Ibrahim pose for group photos during the 15th Indonesia-Malaysia-Thailand Growth Triangle Summit, occurring on the sidelines of the Association of Southeast Asian Nations (ASEAN) Summit in Labuan Bajo, Indonesia, on May 11.]()
Asian Development Bank President Masatsugu Asakawa and Malaysian Prime Minister Anwar Ibrahim pose for group photos during the 15th Indonesia-Malaysia-Thailand Growth Triangle Summit, occurring on the sidelines of the Association of Southeast Asian Nations (ASEAN) Summit in Labuan Bajo, Indonesia, on May 11.
The Indo-Pacific Has Already Chosen Door No. 3
So-called fence-sitters are rejecting zero-sum geopolitical binaries in favor of multi-alignment.
![Chinese President Xi Jinping chairs the first China-Central Asia Summit in Xian, China on May 19, 2023.]()
Chinese President Xi Jinping chairs the first China-Central Asia Summit in Xian, China on May 19, 2023.
The Stans Can’t Play Both Sides Anymore
As Russia and China grow closer, Central Asian leaders don’t have as much leverage—or independence—as they once did.
![Union workers listen to U.S. President Joe Biden speak during a visit to a semiconductor manufacturer in Durham, North Carolina.]()
Union workers listen to U.S. President Joe Biden speak during a visit to a semiconductor manufacturer in Durham, North Carolina.
Who Will Make the Chips?
The U.S. is betting billions on its semiconductor push, but it needs more people for the factory floors.
![Ones-And-Tooze-podcast-series-1500x1000-site (1)]()
Ones-And-Tooze-podcast-series-1500x1000-site (1)
Live From Berlin
Adam and Cameron talk the U.S. debt ceiling and German economics with a live audience.
![A closeup photo shows Xi and Biden standing next to each other and smiling at each other with a Chinese flag in the background.]()
A closeup photo shows Xi and Biden standing next to each other and smiling at each other with a Chinese flag in the background.
Is the Biden Administration Going Soft on China?
A policy shift toward economic engagement with Beijing seems to be underway in the White House.
![People walk past the art installation "The World Turned Upside Down" by Mark Wallinger on September 07, 2020 in London, United Kingdom.]()
People walk past the art installation "The World Turned Upside Down" by Mark Wallinger on September 07, 2020 in London, United Kingdom.
Europe’s Losers Have Become Its Winners Again
The balance of power in Europe is changing—just as it always has.
![A container ship is seen in the Far Eastern port of Vladivostok, Russia, on Sept. 5, 2022.]()
A container ship is seen in the Far Eastern port of Vladivostok, Russia, on Sept. 5, 2022.
No, Russia Is Not Massively Skirting Sanctions
Eight takeaways about Russian evasion of Western sanctions.
![An operator works during the mooring of an undersea fiber optic cable near the Spanish Basque village of Sopelana on June 13, 2017.]()
An operator works during the mooring of an undersea fiber optic cable near the Spanish Basque village of Sopelana on June 13, 2017.
Decoupling Is Already Happening—Under the Sea
U.S.-China rivalry has led to the rerouting of crucial subsea internet cables, which could have major geopolitical consequences.
![A woman sleeps beneath a billboard promoting new urban development in Beijing.]()
A woman sleeps beneath a billboard promoting new urban development in Beijing.
China Is Developing and Developed at the Same Time
The world’s second-largest economy has a historically unique economic status.
![Houses are shown on the edge of deep gouges in the land.]()
Houses are shown on the edge of deep gouges in the land.
U.S. Apathy Paved the Way for China in Africa
Despite a strong foothold during the Cold War, Washington has since fumbled on the continent.
![A G-20 logo is seen on a boat in Dal Lake ahead of the G-20 meeting in Srinagar, India.]()
A G-20 logo is seen on a boat in Dal Lake ahead of the G-20 meeting in Srinagar, India.
Modi Wants to Bring Tourists Back to Kashmir
India’s government wants to turn the war-torn region into a renewed tourist hot spot.
![An undated pencil drawing depicts work on a sugar plantation in the West Indies. Black children are among the laborers working to chop sugar cane under the watchful eye of a suited white overseer wearing a hat.]()
An undated pencil drawing depicts work on a sugar plantation in the West Indies. Black children are among the laborers working to chop sugar cane under the watchful eye of a suited white overseer wearing a hat.
Sugar as Modern Capitalism’s Original Sin
A new book shows its history as anything but sweet.
![People look from their windows as Turkish President Recep Tayyip Erdogan speaks at his final election campaign rally in Beyoglu, the district of his childhood, in Istanbul.]()
People look from their windows as Turkish President Recep Tayyip Erdogan speaks at his final election campaign rally in Beyoglu, the district of his childhood, in Istanbul.
Adam Tooze: Why in Turkey It’s Not the Economy, Stupid
Erdogan’s monetary policy is a disaster, but Turks keep voting for him.
Load 10 More Articles
Tech’s New Trillionaire
Plus: the economics of Mexico.
Mongolia’s Paper Fleet Is Helping Russia Dodge Sanctions
A landlocked country is offering flags of convenience at sea.
K-Culture Is Here to Stay
South Korea’s unique conditions make it an entertainment giant.
The Indo-Pacific Has Already Chosen Door No. 3
So-called fence-sitters are rejecting zero-sum geopolitical binaries in favor of multi-alignment.
The Stans Can’t Play Both Sides Anymore
As Russia and China grow closer, Central Asian leaders don’t have as much leverage—or independence—as they once did.
Who Will Make the Chips?
The U.S. is betting billions on its semiconductor push, but it needs more people for the factory floors.
Live From Berlin
Adam and Cameron talk the U.S. debt ceiling and German economics with a live audience.
Is the Biden Administration Going Soft on China?
A policy shift toward economic engagement with Beijing seems to be underway in the White House.
Europe’s Losers Have Become Its Winners Again
The balance of power in Europe is changing—just as it always has.
No, Russia Is Not Massively Skirting Sanctions
Eight takeaways about Russian evasion of Western sanctions.
Decoupling Is Already Happening—Under the Sea
U.S.-China rivalry has led to the rerouting of crucial subsea internet cables, which could have major geopolitical consequences.
China Is Developing and Developed at the Same Time
The world’s second-largest economy has a historically unique economic status.
U.S. Apathy Paved the Way for China in Africa
Despite a strong foothold during the Cold War, Washington has since fumbled on the continent.
Modi Wants to Bring Tourists Back to Kashmir
India’s government wants to turn the war-torn region into a renewed tourist hot spot.
Sugar as Modern Capitalism’s Original Sin
A new book shows its history as anything but sweet.
Adam Tooze: Why in Turkey It’s Not the Economy, Stupid
Erdogan’s monetary policy is a disaster, but Turks keep voting for him.
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