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Martin WolfFinancial Times |
America’s national security strategy projects internal fears abroad
American foreign policy now aims to help rightwing nationalists into power across the continent
Dollar-based digital currencies offer benefits for the US, but Britain and the EU are better off resisting them
We need to look at the causes of the country’s dire economic performance
Rising public debt is one concern — another is how it is being financed
It is depressing that a government with such a huge majority dares do so little to transform economic prospects
Will the US or China abandon their current follies sooner?
Reeves’ challenge is to remedy the disaster that Brexit has been for the country
Algorithms ensure that people who click on scams are likely to see more of them
What once made its sovereign states powerful and rich could now be a barrier to their remaining so
In education, labour and housing we risk going back towards what we know will not work
The list of inconsistencies goes on and on. Nobody should have designed such an absurdity
Improved standards of living are the foundation of modern democracy
Keir Starmer’s government should seize the chance to make radical reforms
Javier Milei’s plight in Argentina demonstrates how difficult it can be to rescue economies
It is dangerous to have confidence in what lies ahead
Nostalgia is not a strategy: the past cannot return
Nations must work out how to contend with Trump’s America and China
We must not repeat the mistakes of the appeasers in the 1930s
Encouraging institutions to get bigger by taking risks is the opposite of what Reeves should do
Trump’s focus on the goods of the past is ridiculous. What matters is competitiveness in the future
In just six months, the US president has made huge strides in advancing his agenda
Political responses to a bad situation tend towards either charlatanism or timidity
It is easy to imagine conditions in which money simply dries up, perhaps in response to large movements in bond yields
If the US wants to accelerate a worldwide discussion with a policy intervention, the obvious one would be a tax on capital inflows
We have surely gone beyond being able to give the tech sector the benefit of the doubt
The Big Beautiful Bill Act is a classic example of pluto-populism
Trump’s tariff war brings with it unpredictability and a consequent loss of confidence
Consolidation of funds makes evident sense, bringing economies of scale and scope
Given all this fragility, recessionary or inflationary shocks — or even both together — are conceivable
Deals struck recently with the US, EU and India will not make a significant difference to Britain’s parlous position
The difficulty is that, however unsatisfactory the hegemon might be, the alternatives look worse
We now seem unable to turn the surplus in some countries into productive investment elsewhere
China and others must think afresh as the US steps away from its role as balancer of last resort
Trump’s unreliable America is throwing away the assets it needs
A country as mired in stagnation as the UK has to take risks if it is to succeed
How is it possible that a company with such huge resources, including artificial intelligence tools, cannot deal with this?
The IMF is trying to make sense of the unknowable
Trump’s delight in doing whatever he wishes in the moment is incompatible with stability and sustained dynamism
The situation is dire and only active policymaking is going to make a difference
The trade deficits will remain roughly unchanged — the globe will just end up poorer
Policymakers in Beijing believe they will benefit from the destruction of America’s global credibility
The government must embark on a much more radical programme of structural reforms
How do technocrats expect the needed macroeconomic adjustments to occur?
The US president wants both to protect domestic manufacturing and hold the dollar as the reserve currency
The government needs to view the hard times coming upon us as an opportunity, as well as a crisis
The continent is an economic superpower but it now has to mobilise in defence of democracy
America is trying to undo the very system of open trade that it created
Spending on defence will need to rise substantially if the UK is to meet the challenges it faces
Washington has decided to abandon both Ukraine and its postwar role in the world
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