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Big Tech Reckoning

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Policymakers on both sides of the Atlantic are increasingly unwilling to leave the governance of technology in the hands of those who design it. But will they succeed in taming Big Tech and developing global rules for the digital economy, or will dominant platforms and national interests prevail?

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  1. central bank notes Matt Cardy/Getty Images

    The People’s Bankers?

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    1. John B. Taylor

    In little more than a decade, the global financial crisis, climate change, and the COVID-19 pandemic have transformed the monetary-policy environment. How responsive central banks should be to shifts in public opinion, and how broadly they should interpret their mandates, have become urgent questions for those who run them.

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  2. firms people profit Cory Clark/NurPhoto via Getty Images

    The Post-Pandemic Firm

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    1. Dani Rodrik

    The COVID-19 crisis has prompted renewed calls for corporations to contribute to social welfare and the common good, rather than seeking only to maximize their profits. But stakeholder and shareholder capitalism, though widely viewed as competing models, may have more in common than many think.

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  3. Biden Trump debate Jim Watson, Saul Loeb/AFP via Getty Images

    America’s Transition from Democracy?

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    1. Elizabeth Drew

    The US presidential election on November 3 will be one of the country’s most consequential ever – and the most fear-filled since the Civil War era, with President Donald Trump’s COVID-19 diagnosis adding to the jitters. Whether voters re-elect Trump or opt for his Democratic challenger, Joe Biden – and, more important, whether they accept the result – will determine not only America’s future economic course, but possibly also the fate of its 233-year-old democracy.

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  4. UN multilateralism crisis Eskinder Debebe/UN Photo/Handout/Xinhua via Getty Images

    Will Multilateralism Survive?

    The United Nations is marking its 75th anniversary in muted fashion, and not only because of the COVID-19 pandemic. With rising nationalism and the return of great-power rivalry threatening to paralyze the organization at the heart of the multilateral system, many are asking whether global cooperation has a future.

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  5. Abe Suga Eugene Hoshiko - Pool/Getty Images

    Japan After Abe

    Prime Minister Shinzo Abe’s unexpected resignation for health reasons has ended the tenure of Japan’s longest-serving premier, raising questions about the future direction of economic and foreign policy. His successor, Yoshihide Suga, who was Abe’s closest ally in government, must now convince voters and the rest of the world that he is up to the job.

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  6. Debt pandemic Patcharapon Pachasirisakun/iStock/Getty Images

    The Debt Pandemic

    As rich-country governments spend unprecedented sums to mitigate COVID-19’s economic impact, levels of public debt unseen since World War II seem like a problem for another day. But once the pandemic has passed, the inevitable question will arise: Who will foot the bill?

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  7. Manhattan skyline Xinhua/Wang Ying via Getty Images

    Farewell, Big City?

    Since the Industrial Revolution, major urban hubs have powered the global economy by serving as magnets for talent and capital. But as COVID-19 continues to wreak havoc and millions discover the benefits of remote working, are the megacities of the pre-pandemic era approaching their expiration date?

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  8. Keep America Great Ariana Drehsler/AFP via Getty Images

    The World After Trump vs. Biden

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    1. Yuen Yuen Ang

    US President Donald Trump’s demagogic nationalism has seriously damaged America’s global standing and weakened the rules-based multilateral system that Trump’s predecessors built and led. Will November’s presidential election pave the way for the United States to resume its international leadership role, or fuel global chaos?

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  9. dollar bills option 2 Igor Golovniov/SOPA Images/LightRocket via Getty Images

    Dollar Bets

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    1. Jeffrey Frankel,
    2. Nouriel Roubini

    The US currency’s recent marked decline against the euro has heightened concerns about its global standing, which had already been eroded by President Donald Trump’s risky and erratic economic policies. Is the greenback’s current weakness the result of short-term factors, or does it augur the end of a monetary era?

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  10. Battle for Belarus SERGEI GAPON/AFP via Getty Images

    Belarus Reborn?

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    1. Svetlana Alexievich,
    2. Nina L. Khrushcheva,
    3. Sławomir Sierakowski,
    4. Anders Åslund

    Nationwide protests against President Aleksandr Lukashenko’s 26-year rule have escalated in the aftermath of the flagrantly fraudulent election on August 9. With factory workers striking and security forces quitting in disgust, could Lukashenko’s usual response to street demonstrations – mass arrests and escalation of official violence ­– fail to save him this time?

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  11. GettyImages-974140560 WANG ZHAO/AFP via Getty Images

    Onward, Big Tech Soldiers?

    US Secretary of State Mike Pompeo’s incendiary anti-China speech in late July provides a useful guide to the official thinking underlying the burgeoning Sino-American cold war. But Pompeo’s Christian millenarian worldview is not necessary to explain the two sides’ battle for technological supremacy.

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  12. US economy 2nd quarter Olivier Douliery/AFP via Getty Images

    The Big Slump

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    1. Simon Johnson

    The pandemic-battered United States suffered its sharpest economic contraction on record in the second quarter. As has become overwhelmingly clear, any meaningful recovery will require policymakers finally to get serious about combating COVID-19.

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  1. roach121_CostfotoBarcroft Media via Getty Image_china economy shipping Costfoto/Barcroft Media via Getty Images

    China Leads Again

    Stephen S. Roach US President Donald Trump wears his recent experience with COVID-19 infection as some perverse badge of courage, rather than as a warning of what may lie ahead. And the adverse economic consequences of his administration's approach to the pandemic could not contrast more sharply with the robust recovery in China.  contrasts the country's robust and self-sustaining economic recovery with America's continuing weakness.
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  2. sachs329_Ira L. BlackCorbis via Getty Images_trump protest racism Ira L. Black/Corbis via Getty Images

    Trump’s Last Stand for Apartheid America

    Jeffrey D. Sachs The long history of America’s state-sponsored racism will draw to an end in the coming generation. Yet the damage that Trump’s brand of white nationalism could still cause to the US and the world if he wins a second term makes the election easily the most important in modern American history.   explains why the US and the world will not be safe until the avatar of white supremacy is no longer in power.
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