Bloomberg Businessweek (November 7, 2022)

Год выпуска: November 7, 2022

Автор: Bloomberg Businessweek Europe

Жанр: Бизнес

Издательство: «Bloomberg Businessweek Europe»

Формат: PDF (журнал на английском языке)

Количество страниц: 64

Brexit, the US-China trade war, Russia’s invasion of Ukraine-more such geopolitical surprises will continue the economic upheaval.

For those with a short memory, it’s tempting to blame the world’s problems on surging populism. In this telling, Brexit, the US-China trade war and America’s botched response to Covid-19 become part of a single narrative.
Rabble-rousing leaders in the mold of Donald Trump pander to the worst instincts of the body politic, expert voices are drowned out in the echo chamber of social media, and the economy pays the price.
The trouble with that version of recent history is that though they’re responsible for some real doozies, populists don’t have a monopoly on policy failure. Remember the global financial crisis? The European sovereign debt crisis? The stagnation of middle-class wages and upward spiral in inequality? All major shocks to the system. All taking place when the supposed grown-ups were in charge.
Perhaps it makes more sense to say both populist and mainstream politicians are grasping for a response to seismic shifts in the way the world works. Indeed, in the conflict that underlines so much of today’s global tension-the battle for supremacy between the US and China-it turns out the rival US camps have basically the same approach.
In 1989, anticipating the fall of the Soviet Union, political scientist Francis Fukuyama declared “the end of history,” with the triumph of democracy and capitalism over authoritarianism and state control. That happened to be premature.

The New Economy

• All those economic shocks — well, they may be the new normal
• Long Covid is frustratingly difficult to pin down. Ask these five women
• Lowering birthrates is the key to tackling poverty in West Africa
• Fast fashion is drowning Ghana and other developing nations in textile waste
• El Salvador’s president embraced a crypto economy. Hey, how’d that go?
• The transition to a clean environment will be dirtier than you thought

IN BRIEF

• Netanyahu, again
• BP: Big Profit
• Another Fed hike

OPINION

• Windfall energy taxes aren’t all they’re cracked up to be

AGENDA

• The midterms, at last!
• COP27
• British GDP

REMARKS

• In China and the US, pro-market is out, nationalism is in

BUSINESS

• The Adidas-Ye split was years in the making
• India has abortion pills, and US demand is surging
• Duke Energy’s Brian Savoy on a decarbonizing world

TECHNOLOGY

• HBO, Netflix and the rivalry that changed the rules of television forever. An excerpt from It’s Not TV

FINANCE

• As Meta struggles, it’s clear: FAANG is history
• What’s ahead for Blackstone’s giant real estate fund?

ECONOMICS

• Lula triumphs, but now there’s that economy to deal with
• Jobs versus inflation: The Fed’s tough balancing act
• Interest rates soar, and the housing market trembles

SOLUTIONS

• A new painkiller aims to avoid opioids’ addictiveness
• How Takeda attacked dengue after Sanofi’s stumble
• The NBA’s top shrink on dealing with emotional baggage

скачать журнал: Bloomberg Businessweek (November 7, 2022)