The Economist

Who is polluting the ocean with plastic?

Sam, Professor Eric van Sabeel, Regina, Dr Christina Shaw, Professor John McGeehan

Facing severe economic and ecological threats from mismanaged global plastic waste, Small Island Developing States are spearheading a multi-pronged response combining strict national bans, community-based beach cleanups, and the development of plastic-digesting enzymes. While current recycling limitations and a lack of local infrastructure hinder waste management, these efforts are supported by a 2022 UN resolution committed to establishing a legally binding global plastics treaty by 2024 to regulate the entire lifecycle of plastic production and disposal.

Longevity: can ageing be reversed?

Experts project that treatments to reverse biological age could emerge within five decades, driven by breakthroughs such as epigenetic reprogramming and genetic interventions like those modifying the *DAF2* gene. These scientific advances, supported by studies on dietary restriction and the health benefits of centenarians, are attracting significant capital to develop therapies targeting senescent cells and common drugs like Metformin. The resulting economic imperative aims to reduce the burden of age-related disease while transforming the demographic challenge of an aging population into a trillions-of-dollars opportunity.

Why the baby business is booming

Jessica, David Smotrich, Nima, Hamish, Alan White, Nick, Emma, Catherine Wade, Mian Ridge

Valued at over $14 billion with projections reaching $130 billion, the global surrogacy industry is rapidly expanding due to rising infertility rates and restrictive laws in home countries that drive demand toward unregulated hubs. While the United States and Ukraine have historically served as major centers, tightening regulations in Asia and safety crises in Africa have forced a geographic shift that exposes gestational surrogates to severe exploitation and high maternal mortality. Experts now advocate for comprehensive international legal frameworks to replace bans with regulated standards, ensuring protections for children, intended parents, and surrogate workers across a market spanning costs from $30,000 to $200,000.

Winning the long war in Ukraine

The Ukrainian counter-offensive has transitioned the conflict into a protracted war of attrition, prompting leadership to reject short-term victory timelines in favor of long-term endurance strategies. Kyiv is increasingly leveraging deep-strike drone campaigns against Russian strategic assets and the home front to shatter Kremlin narratives without triggering major escalation, thereby encouraging allied nations to reconsider supplying advanced weaponry. With peace negotiations deemed futile as both sides bet on exhaustion, the conflict's trajectory now depends on societal resilience and economic stability rather than immediate territorial gains, with analysts predicting the war will only end when Russia's leadership determines the human and financial costs are unsustainable.

AI and our future with Yuval Noah Harari and Mustafa Suleyman

Yuval Noah Harari, Mustafa Suleyman

In a forecast for AI capabilities by 2028, Mustafa Suleiman and Yuval Noah Harari envision frontier models that will autonomously negotiate, execute multi-step actions, and interface with external APIs. While Suleiman frames these tools as engineered systems requiring deliberate constraints to prevent unintended agency, Harari argues that the technology's potential for independent idea creation marks the end of human-dominated history and introduces unique existential risks. To address these challenges, both speakers advocate for a "coalition of the willing" to enforce bans on harmful practices like human-impersonation bots, emphasizing the need for international cooperation over a geopolitical race to the bottom.

Why is Argentina’s economy such a mess?

Javier Milei

Argentina faces a severe economic crisis marked by hyperinflation exceeding 100% annually, a dual-currency black market, and a fiscal deficit sustained for 13 years through excessive central bank money printing. President Javier Milei has proposed radical reforms including dollarization and the abolition of the central bank to counteract decades of Peronist policies that created structural distortions like bloated state employment and high export taxes. While the nation struggles with repeated defaults and critical institutional erosion, experts warn that any immediate corrective measures involving subsidy cuts or currency devaluation will trigger short-term inflation spikes before achieving long-term stability.

What fuels Zuckerberg's fight?

Zuckerberg

Mark Zuckerberg transformed Harvard undergraduate to billionaire founder of Meta by executing a strategy of aggressive acquisitions and feature replication to stave off obsolescence in the digital market. While this approach fueled the creation of an advertising ecosystem valued over $1 trillion, it has simultaneously triggered significant controversies regarding data privacy, misinformation, and missed opportunities with competitors like Twitter. Despite recent financial volatility stemming from a $21 billion investment in the metaverse, Zuckerberg remains steadfast in his vision, betting that early immersion in virtual worlds will secure the company's future dominance.

The future of money: three ways to go cashless

Following a pandemic-driven acceleration in digital adoption, the global payments landscape now revolves around three distinct models: the high-fee credit card ecosystems of the West, China's dominant closed fintech networks, and India's government-backed Unified Payments Interface. While Western banks and processors like Visa and Mastercard leverage interchange fees to fund consumer rewards and protections, China's Ant Financial and Alibaba faced regulatory blockades after their market dominance threatened financial stability. Conversely, India's interoperable UPI system processes one-third of the nation's GDP by enabling direct bank-to-bank transfers and data ownership, effectively creating a nonprofit alternative that prevents single-entity control over financial infrastructure.

Who is Elon Musk and what drives him?

Elon Musk, Walter Isaacson, Jack Ma, Tom Standage

Elon Musk transformed his $180 million PayPal exit into dominant market positions for Tesla, which accelerated the global electric vehicle transition, and SpaceX, which now supplies the majority of global launch capacity. His 2022 $44 billion acquisition of X involved mass layoffs and controversial moderation policies that have sparked geopolitical conflict-of-interest debates regarding his influence on international relations. While critics question the risks posed by his unpredictable leadership style, Musk remains the sole operator of X and the driving force behind his companies' ambitious goals to address existential threats.

The biggest bank heist in history (and why you've never heard of it)

Nicolas Pelham, Hussein Kanbar Agha, Jonathan Beckman, Mustafa Kadhimi, Mohammad Soudani, Thea Jahar-Lafda

In August 2022, a systematic theft of $2.5 billion from the Iraqi General Commission for Taxes was exposed, with the central plotter Noor Zahair bypassing official controls to distribute funds to five shell companies. Although Prime Minister Mustafa Kadhimi's administration initially arrested Zahair as part of a political maneuver against the pro-Iranian Fatah Alliance, the subsequent government collapse led to Zahair's release and the issuance of arrest warrants for the investigators. The operation exemplifies a broader pattern of grand corruption where the majority of the stolen cash remains missing and is allegedly reinvested into Baghdad's construction boom while key figures evade lasting legal consequences.

Inside El Salvador’s war on crime

Nayib Bukele, Robert Guest

El Salvadorian President Nayib Bukele has implemented a nationwide security strategy that has imprisoned approximately 70,000 individuals, primarily young men detained on circumstantial evidence through group trials that bypass standard due process. This campaign has effectively dismantled democratic checks by purging the judiciary and gagging press coverage, yet it retains approval ratings between 80% and 90% by eliminating gang intimidation in exchange for a police state environment. Minister Gustavo Villatoro explicitly defended these measures as prioritizing citizen safety over human rights protocols while projecting a model where public popularity is sustained through the erosion of civil liberties.

Fertility crisis: why IVF isn't working

Leslie Schrock, Deborah, Em, Catherine Braille, Dr. Hayashi Katsuhiko, Matt Chrysalof

Driven by a global market exceeding $20 billion and rising infertility rates among delayed planners, the assisted reproductive technology sector currently relies on egg freezing while facing criticism over success rate transparency and physical risks. Emerging research into in vitro gametesis (IVG), led by scientists like Dr. Katsuhiko Hayashi and venture-backed firms such as Conception, aims to bypass these limitations by creating viable eggs from skin cells for aging populations and same-sex couples, despite unresolved ethical and genetic safety hurdles. Parallel investigations into biological aging mechanisms suggest future pharmaceutical interventions could eventually halt the decline of egg quality, though such applications remain distant from clinical reality.

Wall Street's king, Jamie Dimon, on the US presidency

Jamie Dimon, Zanny Minton Beddoes

JPMorgan Chase CEO Jamie Dimon characterizes the current geopolitical landscape as the most dangerous since World War II, citing the Ukraine conflict and complex Sino-U.S. tensions as primary drivers of global instability. He argues that the United States must overcome domestic stagnation by addressing policy failures in immigration and healthcare while pursuing "tough and mature" economic negotiations with China to avoid strategic isolation. Although Dimon rejects a presidential run at age 67, he advocates for a pragmatic balance between national security and free enterprise to restore American competitiveness and social cohesion.

The future of war

Tom Standage, Jennifer McArdle

The ongoing conflict in Ukraine has established a new warfare paradigm where 20th-century trench dynamics merge with 21st-century drone consumption and Starlink-enabled kill chains to prioritize sensor-to-shooter speed over traditional force concentration. Concurrently, global powers like China and the United States are accelerating artificial intelligence integration and autonomous system deployment, though significant ethical debates persist regarding lethal decision-making authority amidst a projected future of unmanned overhuman dominance. While these technological shifts promise to revolutionize tactical efficiency through cyber warfare and data analytics, experts warn that the fundamental human costs of war remain severe, with complex machinery requiring human operators to sustain logistics and mitigate the psychological trauma of high casualty rates.

Generative AI: what is it good for?

Alok Jha, Tom Standage, Abhi Burtix, Arjun Romani

Following the 2017 Transformer architecture and the historic 2022 adoption of GPT-3.5, large language models now process unlabeled internet data to excel at tasks ranging from medical licensing exams to code generation. Despite these capabilities, the technology remains a "black box" with complex, opaque weights that lack the transparency required for high-stakes fact-finding or full automation. Consequently, while economists project that generative AI will impact half of the daily tasks for 20% of the U.S. workforce, current deployment is expected to evolve as a human-AI collaborative workflow rather than an immediate replacement of human roles.