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Stephen S. Roach

Stephen S. Roach

Writing for PS since 2011
175 commentaries
1 videos & podcasts

Stephen S. Roach, a faculty member at Yale University and former chairman of Morgan Stanley Asia, is the author of Unbalanced: The Codependency of America and China (Yale University Press, 2014) and Accidental Conflict: America, China, and the Clash of False Narratives (Yale University Press, 2022).

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  1. A World Turned Inside Out
    roach176_Morris MacMatzenGettyImages_hamburg_port Morris MacMatzen/Getty Images

    A World Turned Inside Out

    Mar 25, 2025 Stephen S. Roach likens Donald Trump’s reversal of America’s global leadership role to a full-blown crisis, similar to COVID-19.

  2. Trump’s Self-Fulfilling Crisis
    roach175_Brandon BellGettyImages_egg_prices Brandon Bell/Getty Images

    Trump’s Self-Fulfilling Crisis

    Feb 28, 2025 Stephen S. Roach shows how the US president’s policies could create the very problems he falsely claims to be confronting.

  3. Trump’s Trade Scam
    roach174_Christopher FurlongGetty Images_trump Christopher Furlong/Getty Images

    Trump’s Trade Scam

    Jan 24, 2025 Stephen S. Roach points out that the new “External Revenue Service” would target domestic importers, not foreign producers.

  4. China’s Struggles with a Consumer Society
    roach173_CFOTOFuture Publishing via Getty Images_chinashopping C FOTO/Future Publishing via Getty Images

    China’s Struggles with a Consumer Society

    Dec 19, 2024 Stephen S. Roach wonders whether the country’s political system is at odds with the values underpinning affluent societies.

  5. Asia in Denial
    roach172_Anthony KwanGetty Images_asia economy Anthony Kwan/Getty Images

    Asia in Denial

    Nov 26, 2024 Stephen S. Roach warns of misguided optimism about the state of China’s economy and Donald Trump’s tariff agenda.

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  1. subacchi47_Ravi ChipGettyImages_us_treasury_dept Ravi Chip/Getty Images

    Will the World Keep Buying US Treasuries?

    Paola Subacchi & Paul van den Noord foresee a gradual reduction in countries’ holdings of dollar-denominated debt, not a rapid sell-off.
  2. yi20_CFOTOGettyImages_group_wedding_china CFOTO/Getty Images

    Why China’s Marriage Crisis Matters

    Yi Fuxian examines the factors underlying a key cause of the country’s demographic crisis.
  3. gebert4_AFP via Getty Images_gazaprotest AFP via Getty Images

    Israel Must Not Ignore the Anti-Hamas Protests in Gaza

    Konstanty Gebert

    Recent demonstrations in Gaza have pushed not only for an end to the war, but also for an end to Hamas's rule, thus echoing Israel's own stated objectives. Yet the Israeli government, consumed by its own internal politics, has barely acknowledged this unprecedentedly positive development.

    underscores the unprecedented nature of recent demonstrations in the war-ravaged enclave.
  4. james229_Anna MoneymakerGetty Images_elonmuskmaga Anna Moneymaker/Getty Images

    Donald Trump Is a Globalist

    Harold James shows that the MAGA movement is actually an unalloyed version of the idea that its leader claims to reject.
  5. op_vaheesan1_Bettmann ContributorGetty Images_FDRdam Bettmann Contributor/Getty Images

    Getting Abundance Right

    Sandeep Vaheesan

    America's history is replete with episodes in which vigorous government action proved essential to achieving shared prosperity. With a lethal mutation of neoliberalism now destroying US state capacity, understanding what came before has never been more important.

    urges the creation of public utilities to accelerate decarbonization and improve living standards.
  6. acemoglu85_Antonio M. RosarioGettyImages_two_robots Antonio M. Rosario/Getty Images

    Two Models for Agentic AI

    Daron Acemoglu sees a technological crossroads ahead – and argues that one path should not be taken.
  7. arezki21_Per-Anders PetterssonGetty Images_botswanadiamonds Per-Anders Pettersson/Getty Images

    Developing Countries Need a New Strategy

    Rabah Arezki touts industrial policies that welcome multinational corporations' participation, but on fairer terms.
  8. slaughter109_Chip SomodevillaGetty Images_trump Chip Somodevilla/Getty Images

    How the World Can Keep Trump 2.0 in Check

    Anne-Marie Slaughter outlines five steps that foreign entities should take to counteract the US president’s radical agenda.
  9. patten174_Chip SomodevillaGettyImages_trump_kennedy_center Chip Somodevilla/Getty Images

    How Trumpism Ends

    Chris Patten urges current and former policymakers to speak out against the US president’s reckless policies.

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