Michael Hudson The MIC, OGAM and FIRE Sectors Conquer NATO My old boss Herman Kahn, with whom I worked at the Hudson Institute in the 1970s, had a set speech that he would give at public meetings. He said that back in high school in Los Angeles, his …
Read More »Violence Is History’s Great Economic Leveler
Rainer Zitelmann The greatest “levelers” in history have been violent events such as wars, revolutions, state and systems collapses, and pandemics, but the greatest poverty reducer in history has been capitalism. The authors of the classical utopian novels were obsessed with the notion of equality. In almost every …
Read More »Militaries around the world benefit from industrial localization: A global trend
Amy Sherif A trend is now globally solidifying, whereby many countries are set on a strategic approach to becoming more self-reliant in development, production and support of military assets. These capabilities were usually exclusively provided by advanced industrial capabilities such as the United States, Russia, France, United Kingdom …
Read More »The Impact of the Russia-Ukraine Conflict on Global Financial Markets
Since the outbreak of the Russia-Ukraine war, the global capital markets had experienced the initial plunge on February 24, and then stabilized and rebounded in the second trading day on February 25. The three major U.S. stock indexes closed up collectively, with the Dow Jones industrial average, the …
Read More »Infrastructure Stimulus and Finance: A Rethink
Junaid Ahmad Can infrastructure investments provide a strong stimulus for the Indian economy? The answer is a resounding but conditional yes: conditional on how the investments will be financed and spent. Size versus Leverage The policy discussions on how to finance infrastructure inevitably focus on the size of …
Read More »Outlook 2022: Emerging markets
Andrew Rhymer Going into 2022, emerging markets are far better equipped to deal with Covid-19 than a year ago. Economic growth is slowing after the post-pandemic bounce amid a slowdown in China, and tighter monetary and fiscal policy elsewhere in emerging markets. If inflationary pressures ease, so should …
Read More »On the Depth, Transparency and Power of Today’s AI
Anton Kolokin Two years into our last review on state of the artt in the area of artificial intelligence, there has been a widening gap between the seeming omnipotence of neural network models based on “deep learning”, which are offered by market leaders, and the demand for an …
Read More »The Dark Ghosts of Technology
Nassem Javed Last many decades, if accidently, we missed the boat on understanding equality, diversity and tolerance, nevertheless, how obediently and intentionally we worshiped the technology no matter how dark or destructive a shape it morphed into; slaved to ‘dark-technology’ our faith remained untarnished and faith fortified that …
Read More »Why Middle East is of immense importance for belt and road initiative project?
Mehwesh Kayani BRI a developmental approach embraced by China is the revival of ancient silk road project in order to promote interconnectivity and interdependence because of the overwhelming changes in the global economy and geopolitical balances in the world. By implementing this project china has an aim to …
Read More »