World
March 3, 2023
AnalysisWall Street Consensus a la Française
Development agendas at the Gabon One Forest Summit
Since his election in 2017, French President Emmanuel Macron has periodically committed to resetting France’s relationship with Africa. In 2020, his so-called Macron Doctrine denounced the Washington Consensus for creating a “capitalism that has become financialized, that has become over-concentrated…
Money and the Climate Crisis
COP27 and financing the green transition
The conclusion of COP27 reflected persisting uncertainties around coordinated global action towards decarbonization. Major agreements—including the establishment of a loss and damage fund—were reached, but the burden of mounting debt among global South countries continued to limit climate ambition. The…
November 30, 2022
InterviewsBittersweet Tides
Chile, Brazil, and the future of the Latin American Left
The recent victories of left parties across Latin America—most recently the election of President Luiz Inácio Lula da Silva in Brazil—have prompted comparisons with the Pink Tide of the early 2000s. But with narrow margins of victory against far-right opponents,…
November 2, 2022
InterviewsCyborg Trucking
An interview with Karen Levy on surveillance and automation in the trucking industry
The supply and demand whiplashes of the Covid-19 pandemic snarled global supply chains, shaking up labor markets and well-established migration patterns. In the process, existing cracks in logistics and infrastructure systems widened, making these systems newly visible. In the US…
The Geopolitics of Stuff
A discussion on supply chains, commodities, and climate
The material economy is back. Economists and commentators in recent decades had heralded (or lamented) the arrival of an automated, redundant, frictionless system of international commerce. But over the past two years, multiple global crises have exposed the fragile physical…
July 7, 2022
InterviewsThe IMF & the Legacy of Bretton Woods
Global South debt crises and the evolution of the international monetary system
Fifty years on from the collapse of the Bretton Woods system, the role of the international monetary system and international financial institutions in managing the global economy are in question.
June 10, 2022
AnalysisLeapfrog Logistics
Digital platforms, infrastructure, and labor in Brazil and China
In Spring 2018, two significant labor disputes broke out at opposite ends of the earth. The first, in Brazil, was a two-week-long mass strike of 400,000 truckers in response to successive price increases unleashed by the state oil company, Petrobras,…
June 18, 2021
InterviewsInvestment and Decarbonization
A conversation on investment strategies for the green transition
In late March, the Biden administration announced the $2 trillion American Jobs Plan, with approximately half of the sum dedicated to fighting the climate crisis. While the legislation would mark a sea change in federal action to avert climate catastrophe,…
Hysteresis & Student Debt
How the Great Recession fueled the student debt crisis.
The geographic character of the Great Recession of 2008–2009 is, by this point, well-known. While everywhere in the United States experienced a sharp increase in unemployment, some areas suffered disproportionate exposure to subprime mortgages and the consequent bursting of the…
New System, New Society
An interview with former Prime Minister of Spain Felipe González.
Felipe González was Prime Minister of Spain from 1982-1996.
The Student Debt Crisis is a Crisis of Non-Repayment
Borrowers are increasingly unable to pay down their student loans, leading to mounting balances and an intensifying debt crisis.
Think of the student debt crisis as an overflowing bathtub. On the one hand, too much water is pouring in: more borrowers are taking on more debt. That is thanks to increased demand for higher education in the face of…
October 1, 2020
AnalysisA Popular History of the Fed
n Populist programs and democratic central banking.
Since Lehman collapsed in 2008, central banks have broken free of historical norms, channelling trillions into the banking system to prop up global finance and the savings of depositors from Germany to Hong Kong. The corona crash has only accelerated…
Mapping concentration and prices in the US higher education industry During and after the Great Recession, public funding for higher education was slashed as part of state budget austerity. Staff and programs were cut and tuition rose; in many states,…
February 13, 2020
InterviewsAusterity and Ideology
An interview with Kim Phillips-Fein
Kim Phillips-Fein is an associate professor of history at New York University and the author of the books "Invisible Hands: the Businessmen’s Crusade Against the New Deal" and "Fear City: New York’s Fiscal Crisis and the Rise of Austerity Politics",…
Mapping market concentration in the higher education industry In much of the existing higher education literature, “college access” is understood in terms of pre-college educational attainment, social and informational networks, and financial capacity, both for tuition and living expenses. The…
July 18, 2019
AnalysisStudent Debt & Racial Wealth Inequality
How student debt cancellation affects the racial wealth gap
The effect of cancelling student debt on various measures of individual and group-level inequality has been a matter of controversy, especially given presidential candidates’ recent and high-profile proposals to eliminate outstanding student debt.