The Economist

How economic policy can help the world recover

The panel assesses that while hyperinflation remains improbable, sustained high inflation and supply chain bottlenecks driven by post-stimulus goods demand are reshaping the global economy. Key risks include a potential Chinese slowdown from compounded shocks and persistent labor shortages fueled by shifting worker priorities, whereas recovery inequalities persist due to disparate vaccine access and stimulus timing. Economic stability ultimately hinges on high vaccination rates decoupling health risks from production, alongside strategic policy shifts toward green infrastructure and carbon pricing to address climate goals.

How to keep cool while the world gets hotter

Sarah El-Batouti, Eleni Miravili, Vijay Vaideswaran

Record-breaking heat waves and a growing reliance on fossil-fuel-powered cooling systems are accelerating a dangerous feedback loop, with global air conditioning usage projected to drive emissions up by 90% by 2050 if left unaddressed. To mitigate this crisis, innovators and policymakers are deploying a mix of passive building designs, natural cooling strategies, and urban greening initiatives in cities like Athens and Cairo to reduce temperatures without exacerbating the problem. Successful long-term outcomes depend on scaling affordable, low-energy technologies globally to ensure developing nations can meet cooling demands while avoiding high-end exclusivity and further environmental degradation.

Russia: how Putin is silencing his opponents

Putin

Following the 2020 attempted assassination of Alexei Navalny, the Russian Kremlin escalated repression by labeling his Anti-Corruption Foundation an extremist organization, resulting in over 11,000 arrests and the criminalization of dissent during the January 2021 protests. The state leveraged a rigged judicial system and pandemic protocols to systematically eliminate opposition figures, ensuring United Russia retained a supermajority that permitted constitutional changes extending Vladimir Putin's rule through 2036. Concurrently, intensified censorship against independent media and a massive political exodus have characterized an environment where economic decline and high fear of violence coexist with a government that prioritizes security spending to maintain a monopoly on power.

Brian Cox: Why Succession struck a chord

Brian Cox, Anne

In *The Economist Asks*, actor Brian Cox analyzes the archetype of Logan Roy from *Succession* as a figure defined by trauma and the universal disappointments of the modern human experiment. Cox connects the show's satirical critique of dynastic power to the contemporary "Trumpy Zeitgeist" while highlighting how the series transcends partisan divides to expose systemic dysfunction in both right-leaning and left-leaning families. Furthermore, the conversation extends to the British acting industry, where Cox argues that current feudal class structures have severely eroded social mobility, threatening to exclude working-class talent from opportunities that were once more accessible.

What does three degrees of global warming look like? | The Economist

A comprehensive analysis by the United Nations and hundreds of scientists projects a one-in-four chance of global temperatures rising three degrees above pre-industrial levels by 2100, a threshold that would trigger catastrophic droughts, extreme heat, and massive sea-level rise. This warming trajectory threatens to displace tens of millions of people annually, specifically exacerbating vulnerabilities among 600 million smallholder farmers, low-lying coastal cities, and populations in the Central American Dry Corridor. To avert such outcomes, experts emphasize the urgent necessity of aggressive mitigation and negative emissions strategies, noting that current policies will likely result in a 16% increase in greenhouse gas emissions by 2030.

What’s the future of food?

Jon Fasman

With food production responsible for over one-third of global emissions and rising meat consumption in developing nations exacerbating the crisis, the industry is turning toward lab-grown meat, insect farming, and vertical agriculture to decarbonize supply chains. While these innovations face significant hurdles such as the high cost of synthetic growth media for cellular agriculture and the energy intensity of vertical farms, they offer precise bio-engineering advantages to address nutritional deficiencies and eliminate fertilizer runoff. Historical precedents suggest that despite current consumer resistance rooted in cultural traditions, these novel food systems will likely achieve widespread adoption as renewable energy reduces operational costs and scalability challenges are resolved.

The hidden cost of black hair

The event examines the $4 billion to $9 billion U.S. ethnic hair care market, highlighting severe health risks from unregulated chemicals and historical biases that have long marginalized natural Black hairstyles. It details how Black entrepreneurs, exemplified by Rachel Tumasi-Cawson and Joycelyn Maté, are disrupting this landscape by launching health-focused brands that address specific needs like traction alopecia while navigating a regulatory environment with minimal federal oversight. Furthermore, the discussion tracks the cultural and legislative shifts driving the natural hair movement, including the declining sales of relaxers and the recent passage of "Crown Act" legislation to ban hair discrimination in professional settings.

Business: go woke or go broke?

Henry Trix

Modern corporations are shifting from pure profit maximization to ESG-driven models where investor pressure, consumer ethics, and younger demographics force the adoption of technologies like GHGSat sensors for methane detection and molecular tagging for supply chain transparency. While AI tools now help verify these environmental and social claims, leaders face a strategic tension between meeting stakeholder expectations for diversity and ethical sourcing and maintaining short-term financial returns. Consequently, the market rewards verified stewardship with stronger performance metrics but punishes perceived grandstanding or opaque governance, making genuine responsibility a critical component of business viability.

Who should fix climate change?

Sasha Nauta, Katrine Braik, Oliver Morton

The discussion establishes that democratic governments must lead climate action through policy intervention, citing Germany's solar subsidies as proof that state support is essential for market transformation where laissez-faire approaches fail. Corporate leaders are expected to integrate climate strategies into core business models rather than relying on individual goodwill, a shift exemplified by Tesla's high-margin entry strategy and Microsoft's commitment to offsetting its entire historical carbon footprint. By coupling sharp emissions reductions with economic growth, the event argues that prioritizing long-term systemic protection for vulnerable populations is the only viable path to a sustainable future.

The challenges facing Germany’s new leader

Olaf Scholz, Angela Merkel, Zannie Minton-Beddoes, Tom Nuttall, Jörg Lau

Germany's recent election resulted in a fragmented parliament where the SPD, led by Olaf Scholz, formed a historic three-way coalition with the Greens and the FDP to secure governance. This shift dismantled the traditional two-party dominance, placing smaller parties in pivotal roles while simultaneously reducing the parliamentary influence of extremist factions. The new administration faces immediate challenges in recalibrating foreign policy, particularly in moving away from the Merkel era's engagement strategies with China and managing internal tensions between a Social Democratic chancellor and a Green foreign minister regarding Russia.

Is higher inflation cause for concern?

Global economies are grappling with unexpected inflationary surges driven by supply chain disruptions, massive stimulus spending, and emerging market crop shortages, with rates soaring far above the 2% targets set by major central banks. While wealthy nations initially hesitated to raise interest rates, emerging markets like Brazil, Russia, and Mexico have aggressively tightened monetary policy to preserve credibility and anchor public expectations. Policymakers now face the critical challenge of distinguishing between temporary price spikes and persistent inflation to prevent long-term economic damage and eroded living standards.

How do carbon markets work?

Vijay Vaitheeswaran

Building on the success of the 1990 US Acid Rain Program, global policymakers have adopted cap-and-trade systems to limit emissions, yet rising greenhouse gases indicate current carbon prices remain insufficient to drive the necessary economic shift. Economists Joseph Stiglitz and Nicholas Stern assert that meeting Paris Agreement targets requires a global carbon price of $50 to $100 per tonne by 2030, necessitating stricter penalties, minimum pricing floors, and border carbon adjustments to address enforcement gaps and carbon leakage. As the European Union drives prices upward through permit reductions and introduces import taxes to prevent regulatory arbitrage, international experts emphasize that harmonizing these markets, particularly with major emitters like China, is critical for effective global decarbonization.

To see Germany’s future, look at its cars

Herbert Diess

As Germany's new leadership confronts a dual crisis of eroding industrial dominance and overreliance on Chinese trade, the nation faces urgent pressure to modernize its digital infrastructure and accelerate the automotive sector's transition to electromobility. With the car industry representing 18% of GDP and key innovation metrics lagging behind global competitors, experts warn that the traditional engineering-based economic model is insufficient to maintain future viability. The upcoming coalition must navigate diverging political views to foster startup growth and reduce external dependencies, aiming to secure the country's ability to adapt to a rapidly changing geopolitical and technological landscape.

Is America in decline?

John Prudhoe, James Astell, James Bennett

Speakers John Prudhoe and James Bennett evaluate whether the United States faces absolute decline or cyclical resilience amidst political paralysis, social division, and a rising China. While internal dysfunction and the January Capitol Hill coup highlight a stagnation in problem-solving, the nation retains structural strengths like a young population and economic dynamism that could fuel future renewal. The discussion projects that upcoming infrastructure and climate legislation may break decades of federal inaction, potentially triggering a Progressive Era-style rejuvenation similar to historical precedents.

From 9/11 to covid-19: can New York recover?

Jon Fasman, Mike, Dan Doktoroff, Wellington Chen, Eric Adams

New York City compares its $14 billion pandemic relief to the $20 billion allocated for post-9/11 reconstruction, highlighting severe fiscal gaps that contributed to the permanent closure of over 3,000 small businesses and a $933 million annual tax revenue loss from high-income departures. The crisis disproportionately affected communities like Chinatown through delayed aid and a surge in anti-Asian hate crimes, while housing policies failed to produce affordable units for new workers, exacerbating pre-existing inequality. Incoming mayoral candidate Eric Adams faces the challenge of funding recovery initiatives without massive federal support, aiming to replicate the ambition of the post-9/11 era while rectifying past exclusions of vulnerable populations.