State and Development
The world economy has seen a resurgence of industrial policy in recent decades. National development programs are at the center of a variety of polarizing geopolitical axes: carbon emissions, world...
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Polycrisis 2025
The United States will be a source of chaos and volatility for the next several years. The first month of 2025 has set the scene. Events so far have included imperial gangsterism against both a poor...
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Molecules of Freedom
When Russia invaded Ukraine in February 2022, European, and especially German, industry was left in the lurch. Much of the 150 billion cubic meters of natural gas piped from Russia each year had to be...
View ArticleWho Will the Green Transition Save?
The Camaçari Industrial Complex in Bahia attracted worldwide attention following BYD’s announcement in 2023 that it would be home to the electric vehicle company’s largest factory outside China....
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April is the Cruelest Month
Investing in the US has been a good bet for well over a decade. America’s tech industry, its indefatigable consumers, highly profitable firms, and pro-growth fiscal policy has made the country a...
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Jungles in Dispute
The Amazon rainforest is one of the most sensitive ecosystems in the world, as its deforestation could trigger a chain reaction leading to a warmer and more unstable global climate. Preserving the...
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Coordination in Chaos
The first 100 days of the second Trump administration have indicated that the next months, and perhaps years, will be marked by more uncertainty and increasing political and economic fragmentation....
View ArticleNodes for Socialization
Decarbonization is a problem of investment and economic coordination: real asset by real asset, we must rapidly transform global infrastructure stocks through twin programs of investment and...
View ArticleGreen Indicative Planning
Energy transitions the world over are at an impasse. With the Trump administration’s scrapping of the Inflation Reduction Act and the mobilization of the European Far Right against existing climate...
View ArticleUnbankable Transitions
In a bucolic corner of Greater Manchester, England, an unusual financial experiment is underway. Not so long ago, the owners of Yate Fold Farm near Bolton primarily earned their income from dairy...
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