Who Cares About Big Tech’s Displaced Workers?
explains how IT innovation is boosting corporate monopoly power and, with it, wage stagnation and inequality.
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Who Cares About Big Tech’s Displaced Workers?
Long Reads explains how IT innovation is boosting corporate monopoly power and, with it, wage stagnation and inequality.
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The Advanced Economies’ Lost Decade
Long Reads analyzes the policy successes and failures in the aftermath of the 2007-2008 global financial crisis.
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Can Liberalism Save Itself?
Global Bookmark reviews three recent books examining the forces that have put liberal democrats on the defensive.
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Is Liberal Democracy in Retreat?
Long Reads push back against the widespread view that populist authoritarianism is the new game in town.
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The Struggle for Egypt’s Future
Long Reads traces the past and present of the country’s defining ideological and political fault line.
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The Metric God That Failed
Long Reads shows that the near-religious devotion to data-driven performance assessment has gone too far.
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Trump and the All-American Trade Debate
Global Bookmark reviews Dartmouth College economist Douglas A. Irwin’s survey of 250 years of US trade policy.
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The Asian Values Debate Returns
Long Reads thinks that non-Western values and intellectual frameworks can challenge the moribund Washington Consensus.
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Saving Mothers and Newborns
Insider Interview interviews about strategies for improving maternal and child health.
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The AI Debate We Need
Long Reads argues that new technologies will not just alter the nature of work, but usher in a new socioeconomic system.
The Year Ahead
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The Global Economy’s Risky Recovery
As the advanced economies’ post-2008 recession fades into the distant past, global prospects for 2018 look a little better than in 2017. The shift from fiscal austerity to a more stimulative stance will reduce the need for extreme monetary policies, which almost surely have had adverse effects not just on financial markets but also on the real economy.
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Central Banks’ Year of Reckoning
- In the absence of political solutions, central banks in the decade since the 2008 financial crisis have rolled out one unconventional monetary policy after another, with various justifications and varying effectiveness.
- Now that the period of monetary exceptionalism seems to be coming to an end, central bankers must soberly assess their own record.
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How Inequality Works
- The political upheavals and populist incursions of the past few years owe much to widespread perceptions of inequality and economic injustice in advanced economies.
- While median wages have stagnated, incomes at the top have continued to rise, and there is growing evidence to suggest that the two phenomena are connected.
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Will Monetary Policy Trigger Another Financial Crisis?
- Sustained unconventional monetary policies in the years after the 2008 global financial crisis created the conditions for the second-longest bull market in history.
- But they also may have sown the seeds of the next financial crisis, which might take root as central banks continue to normalize their policies and shrink their balance sheets.
