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Martin WolfFinancial Times |
Employment is buoyant, but sluggish investment is holding Britain back
Washington is in danger of throwing away the leverage its allies could have given it
We need a carbon tax or emissions trading system with a price floor to tackle the crisis
After a sobering failure, the Tories and Labour might reconsider their extremism
Berlin should be thankful for what the single currency, and Mario Draghi, have given it
Cryptocurrencies look overhyped, the new payment platforms useful and Libra worrying
Britons must agree to become significantly poorer and accept the illusion of greater sovereignty
Too much of what ails the world economy is the result of ‘stupid stuff’
No majority exists for any deal option with the EU. Brexiters are as much to blame as Remainers
Today’s most pressing policy challenges require multilateral co-operation
What is happening now is not worthy of a serious country
His policy of regressive Keynesianism shows the Republicans have given up on fiscal responsibility
‘My views have changed as the world has changed — but my values have not altered’
It is a work in progress, not a utopian project
His first government did important things, but they were not transformative
If he simply validated the orthodox German view as president, it would be a disaster
Donald Trump’s unnecessary fight for domination is increasingly being framed as a zero-sum game
The case for making wellbeing the goal of public policy
To the extent modern monetary theory is true, it is unoriginal; to the extent it is original, it is false
Smaller countries should band together to sustain multilateral free trade
Trade often occurs within supply chains, where reliability and control is vital
Some fear the fire of inflation; others the ice of deflation
The picture is one of weak growth and pervasive populist politics
It is the economy, not education, that really determines life chances
Ten ways to build an alternative to the siren song of the strongman
People want to believe a powerful and charismatic leader is on their side in an unjust world
If treachery becomes part of the debate, there can only be total victory or total defeat
What counts is implementation not innovation, and here the Chinese have big advantages
President’s ambitions rely on avoiding ‘middle-income trap’ and placating a more demanding populace
But significant doubts linger about President Xi Jinping’s commitment to private enterprise
The UK is a large minnow, but still a minnow, in a very big sea
A bolder and more flexible leader would have stuck to the idea of a long extension
As time passes, regulation degrades and risks rise
It has made secular stagnation worse. Fiscal alternatives look a safer bet
A ‘destination-based’ corporate taxation system has a great deal going for it
If democracy means anything, it means a country’s right to change its mind
Two different plans to attack the problem could be combined in a workable compromise
Digital money needs certainlytough regulation rather than bleating in favour of ‘innovation’just
There is a relatively stable consensus over the value of market-oriented reforms
Unbridled strategic competition between China and the west would be a disaster
Elites must consider their responsibility for the worldwide resurgence of strongmen
The single currency endures, but significant adjustments are necessary
Political instability will make it harder to ride out a slowdown
It will find it far harder to replicate the success of other high-growth economies
We are witnessing an upsurge of the most malign forms of this powerful social force
Fanatics seek to impose a highly disruptive experiment on their fellow citizens
The idea that businesses only pursue profits leads to dire outcomes
We need a path that avoids a brutal and damaging rupture with EU and its consequences
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