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Prime Minister Liz Truss and Chancellor of the Exchequer Kwasi Kwarteng visit Berkeley Modular, on September 23, 2022 in Northfleet, England.
Prime Minister Liz Truss and Chancellor of the Exchequer Kwasi Kwarteng visit Berkeley Modular, on September 23, 2022 in Northfleet, England.

Why Governments Go Off the Rails

Even well-meaning leaders can make disastrous policy decisions.

President Xi Jinping is welcomed by his Russian counterpart Vladimir Putin
President Xi Jinping is welcomed by his Russian counterpart Vladimir Putin

How Far Will Xi Go to Help a Desperate Putin?

Cracks have emerged in their marriage of convenience, but the two autocrats are in it for the long haul.

A man walks in front of signage at the Ukraine Recovery Conference in Lugano, Switzerland, on July 3.
A man walks in front of signage at the Ukraine Recovery Conference in Lugano, Switzerland, on July 3.

The Battle to Save Ukraine’s Economy From the War

A top European bank chief weighs in on how to bankroll Ukraine for the war, and reconstruction, ahead.

Saudi Energy Minister Abdulaziz bin Salman gestures during a press conference after the 33rd OPEC and non-OPEC Ministerial Meeting in Vienna on Oct. 5.
Saudi Energy Minister Abdulaziz bin Salman gestures during a press conference after the 33rd OPEC and non-OPEC Ministerial Meeting in Vienna on Oct. 5.

OPEC to Cut Oil Production, Dealing a Blow to Biden

But it’s business, not personal: A looming global recession threatens oil demand.

Photo illustration showing visual representations of dogecoin and bitcoin.
Photo illustration showing visual representations of dogecoin and bitcoin.

The Urgent Case for a Digital Dollar

And why it has more to do with dogecoin than China.

India Prime Minister Narendra Modi talks with China's President Xi Jinping
India Prime Minister Narendra Modi talks with China's President Xi Jinping

What Accounts for the Economic Gap Between China and India?

The world’s two most populous countries had similar starting points, but China has outpaced India across the board.

Traders work during the opening bell at the New York Stock Exchange (NYSE) on February 28, 2020 at Wall Street in New York City.
Traders work during the opening bell at the New York Stock Exchange (NYSE) on February 28, 2020 at Wall Street in New York City.

The Long 20th Century Comes to a Shuddering End

An era of once-undreamt-of progress is over—and you won’t like what comes next.

Ones-And-Tooze-podcast-series-1500x1000-site (1)
Ones-And-Tooze-podcast-series-1500x1000-site (1)

Britain’s Economic Free Fall

How long can London sustain the economic bleeding?

Britain's Chancellor of the Exchequer Kwasi Kwarteng holds a folder that reads "The Growth Plan 2022"
Britain's Chancellor of the Exchequer Kwasi Kwarteng holds a folder that reads "The Growth Plan 2022"

Is the British Economy in a Doom Loop?

The currency value has fallen to a historic low, but the bigger problem may be investors opting out of government bonds.

German Foreign Minister Annalena Baerbock, Italian Foreign Minister Luigi Di Maio, British Foreign Secretary Liz Truss, U.S. Secretary of State Antony Blinken, and Canadian Foreign Minister Mélanie Joly pose for a photograph during the G-7 summit in Liverpool, England, on Dec. 12, 2021.
German Foreign Minister Annalena Baerbock, Italian Foreign Minister Luigi Di Maio, British Foreign Secretary Liz Truss, U.S. Secretary of State Antony Blinken, and Canadian Foreign Minister Mélanie Joly pose for a photograph during the G-7 summit in Liverpool, England, on Dec. 12, 2021.
A worker removes McDonald's logotype from a restaurant in Moscow on June 17.
A worker removes McDonald's logotype from a restaurant in Moscow on June 17.

Russia’s Clueless New Oligarchs

A new generation of business owners with no experience are snapping up Western companies’ assets at fire-sale prices.

A sale sign hangs above a sign for a currency exchange shop in London on Sept. 26, as the pound briefly fell to a historic low against the U.S. dollar.
A sale sign hangs above a sign for a currency exchange shop in London on Sept. 26, as the pound briefly fell to a historic low against the U.S. dollar.

Why the U.K. Economy Is Taking a Pounding

The markets have already given their no-confidence vote on Liz Truss.

British Prime Minister Liz Truss (left) and Chancellor of the Exchequer Kwasi Kwarteng chat during a visit to Berkeley Modular, in Northfleet, England, on Sept. 23.
British Prime Minister Liz Truss (left) and Chancellor of the Exchequer Kwasi Kwarteng chat during a visit to Berkeley Modular, in Northfleet, England, on Sept. 23.

Liz Truss Wants to Be Thatcher. She’s Not.

The new prime minister is making Britain look like Argentina—in more ways than one.

A sign for TotalEnergies EP Myanmar is seen behind a shuttered gate in Yangon, Myanmar, on Jan. 22.
A sign for TotalEnergies EP Myanmar is seen behind a shuttered gate in Yangon, Myanmar, on Jan. 22.

Companies Quitting Myanmar Provide Hollow Victories Against Junta

The departures of France’s TotalEnergies and Norway’s Telenor have left the military regime with more money and control.

Students sit at desks in a classroom.
Students sit at desks in a classroom.

Who Speaks English?

The world is long overdue for the abandonment of the unstated but powerful hegemony that exists around the great imperial languages of centuries past.

Electricity pylons are shown under cloudy skies during rainfall near Romanel-sur-Lausanne, Switzerland, on Sept. 15.
Electricity pylons are shown under cloudy skies during rainfall near Romanel-sur-Lausanne, Switzerland, on Sept. 15.

Europe’s Energy Crisis Is Destroying the Multipolar World

The EU and Russia are losing their competitive edge. That leaves the United States and China to duke it out.

Supporters of Rached Ghannouchi, the head of Tunisia’s Islamist Ennahda party, protest outside the office of Tunisia’s counterterrorism prosecutor in Tunis, Tunisia, on July 19.
Supporters of Rached Ghannouchi, the head of Tunisia’s Islamist Ennahda party, protest outside the office of Tunisia’s counterterrorism prosecutor in Tunis, Tunisia, on July 19.
Women are seen making food and holding food containers in a kitchen.
Women are seen making food and holding food containers in a kitchen.

Chavismo’s Latest Target

NGOs are essential to Venezuelan society. A new law may lead to their collapse.

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