Thank you, Kiran, for your thoughtful response. We are in favor of infrastructure that is "appropriate scale" for democratically determined purposes, wherever and however that is possible. We see that - at multiple levels - the quest to scale-up PPPs and bundle them into investment portfolios lacks key norms other than those protecting investors. At the G20, there are repeated failures to introduce normative thinking. This failure is more dangerous than the scale or the financing modality in my view. Regards, Nancy
Now that the American electorate appears to have rejected Republican extremism, many will argue that US President Joe Biden and the Democrats should tack right to capture centrist voters. But this would be a mistake, given where voters' preferences increasingly lie.
considers what the midterm election results indicate about voters' real priorities.
From soaring inflation to a deepening energy crisis, the United States and Europe are facing no shortage of economic challenges, and Russia’s war against Ukraine – and the sanctions imposed in response to it – bears much of the blame. As Russia launches new rounds of missile attacks, we asked PS commentators what the West should be doing for Ukraine – and how likely it is to do it.