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PS. In Theory: Universal Basic Income

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A universal basic income is one of several proposals for confronting the specter of technological unemployment. While the political will to test such bold solutions is lacking in much of the world nowadays, governments may soon have no choice but to test novel ideas.

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  1. op_dervis1_Mikhail SvetlovGetty Images_PutinXiJinpingshakehands Mikhail Svetlov/Getty Images

    Cronies Everywhere

    Kemal Derviş

    Three recent books on political economy show that there are as many differences between crony-capitalist systems as there are similarities. And while deep-seated corruption is usually associated with autocracies like modern-day Russia, democracies have no reason to assume that they are immune.

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