What comes after America’s retreat?

Mar 05, 2026 I. What is happening to the ‘rules-based international order’ despairingly invoked by bewildered European leaders? The broad answer is that we are living through the retreat of American hegemony, masked by bluster and marked by contradictions. The retreat has two aspects, economic and geopolitical. Economists talk about Trump’s tariffs breaking up the … Continue reading What comes after America’s retreat?

On Mark Carney and the Fate of Liberal Economies

Feb 23, 2026 In his sophisticated 20 January address to the Davos World Economic Forum, Canada’s prime minister and former Bank of England governor Mark Carney offered an insight into the disintegration of the global economy which went well beyond the usual strictures on Trump for mental instability or megalomania. While Canada, like other middle-sized … Continue reading On Mark Carney and the Fate of Liberal Economies