The rise of digital platforms, cutting-edge forms of automation, and Big Data promises to transform labor markets and upend longstanding business models. It will also broaden our thinking about human wellbeing, much of which hinges on social and experiential factors that have little to do with standard measures of material welfare.
The central fallacy of modernity is the belief that science and technological progress have made traditional wisdom and the insights of earlier thinkers irrelevant or malign. This presentist hubris of what G.K. Chesterton called the “small and arrogant oligarchy of those who merely happen to be walking about” is particularly misplaced when it comes to understanding human nature and behavior, especially political action.
With the end of the Cold War the United States lost a sound understanding of the strategic geography of the Middle East. Before the fall of the Soviet Union, US strategy focused, correctly, on historical power centers on the outer rim of the Levant and Mesopotamia. The land in between these power centers – Iraq, Syria, Lebanon and Jordan – was the arena for proxy war and competition between great powers.
What’s Russia President Vladimir Putin up to? That question gets asked a lot, especially when it comes to Russia’s activities and intentions in the Arctic. Russia first begged the world to ask this question in 2007 when it planted a Russian flag on the seabed directly beneath the North Pole.
“Of making many books there is no end,” complains the weary author of the Bible’s Book of Ecclesiastes. And there’s no end to lawyers making many lawsuits trying to learn what the U.S. Supreme Court thinks the Constitution means when it forbids “an establishment of religion” by government.
The prevalence of alleged cronyism and nepotism, the muzzling of independent press and opposition party supporters, and the use of state resources for election propaganda are some of the elements that characterise Hungary’s “illiberal democracy”, presently led by prime minister Viktor Orbán.
It's one of the rules of electoral success: advocate policies that concentrate the benefits on an easy-to-identify interest group (preferably one that is sympathetic in the public eye) and disperse the costs onto the entire electorate.
The massive universe of negative-yielding bonds hit a new milestone earlier this month. On the backs of central banks around the world tilting dovish, the value of this debt surged higher to an eye-watering $12.5tn — a level not seen since 2016.
Bitcoin fell below the $4,000 mark in February, leaving many questioning whether the digital currency was on its last legs. However, following a month of gains, sentiment is now far more positive, with many predicting that the Bitcoin price could soon be back above the $19,700 record set in December 2017.
In an otherwise obscure case about veterans’ benefits, the Supreme Court on Wednesday took its first step in pushing back against the overweening administrative state that, at a time Congress isn’t legislating much, creates most of the law by which Americans live our daily lives.