Economists like to think of the wreckage caused by stock market downturns, widespread bankruptcies and corporate downsizing as “creative destruction.” As it destroys the old and the dysfunctional, the capitalist system continually spurs innovation, much as a forest fire prepares the ground for new growth. Or so the representatives of the dismal science argue. Donald […] More
When assessing the geopolitical damage done by US President Donald Trump’s during his initial term in office, Palestine and the fate of the Palestinian people must be given a prominent place. In recent decades, US governments have not only declared their uncompromising fealty to Israel but, to a large degree, they have also tolerated Israel’s […] More
Classic textbooks teach us that economic shocks typically hit either the demand or the supply sides of the economy. They usually stem from domestic developments, but sometimes they emerge from abroad. COVID-19, the disease caused by the novel coronavirus, has defied this logic and has done so in new ways. For example, one of its distinctive features — one that has been particularly excruciating for policymakers — has been […] More
Sweden has dealt with the global COVID-19 pandemic very differently from the other Nordic countries. All but Sweden are led by women. The female prime ministers in Denmark, Norway and Finland closed down their countries in the middle of March and have dealt with the pandemic in an open, inclusive and democratic way you would […] More
The disastrous numbers produced by the coronavirus crisis in the US have generated a second pandemic, one that will predictably last for just the next six months: the virus of electoral rhetoric focused on blaming an overseas enemy. Whereas the Democrats, clinging to their Cold War nostalgia, still appear to be obsessed by Russia, Republicans […] More
Indonesia has been hit hard by the coronavirus pandemic. At the time of publishing, there have been more than 19,000 confirmed cases and over 1,200 deaths. Due to a lack of testing — just 776 people per 1 million in a country with a population of 268 million — the number of infections is believed […] More
Last October, a group of eight Apache attack and CH-47 Chinook helicopters carrying US commandos roared out of an airfield in Iraq. They raced through Turkish airspace and across the Syrian border, coming in low as they approached a village just north of Idlib province where Islamic State leader Abu Bakr al-Baghdadi, his bodyguards and some of […] More
For at least the past 30 years, the strategy of the Democratic Party in the US has consistently focused solely on winning elections by arguing that its oligarchic loyalties are less servile than those of the Republicans. Since Bill Clinton’s presidency in the 1990s, the party has never strayed from that orientation, even after repeatedly […] More
