Madrid Has the Cure for Trump-Era Energy Shocks
Spain’s heretical VAT cut tames inflation—a model for Europe as Trump’s tariffs and Middle East shocks bite.
AI Productivity Growth Won’t Match the Computer Revolution
AI Productivity growth will underwhelm, not because the technology is weak, but because it creates a bottleneck that earlier digital tools largely avoided.
A New Economics for the 21st Century
Mariana Mazzucato and Lara Merling
By coming out in favor of industrial policy after many decades of advising against government intervention in the economy, the World Bank has taken an important step.
MAGA Forges Christianity Into a Weapon of War
From Hegseth’s crusader tattoos to Thiel’s apocalyptic sermons, MAGA is fusing Christianity with raw political power.
Trump’s Tragedy of Errors
Trump’s unchecked Iran war is wrecking supply chains, reigniting inflation, and deepening a global affordability crisis.
China’s Overcapacity Problem Is Europe’s Problem Too — But Not in the Way You Might Think
Bernhard Tröster, Simela Papatheophilou and Werner Raza
As Beijing acknowledges its own overcapacity problem, new research reveals a more complex and more enduring threat to European manufacturing.
Hungary After Orbán: Why Tisza’s “New Hungary” May Leave Workers Behind
Hungary’s new government promises to restore rule of law — but not labour rights.
Europe’s Migration Promises Are Building A Dangerous Expectation Trap
Arjen Leerkes, Maurizio Ambrosini and Sandra Lavenex
Stricter return rules and border procedures sell reassurance to voters, but the evidence suggests Europe cannot deliver what politicians promise.
Europe’s Graduate Glut Collides With The AI Disruption
Odysseas Konstantinakos and Luca Cigna
Record applications to the EU civil service reveal saturated labour markets, a hollowed-out state and a generation exposed to automation.
Europe Chose Greek Deficits Over Hungarian Democracy
In April 2010, the EU betrayed Greece and enabled Orbán — and has yet to reckon with either.
Hungary’s Long Road From Electoral Autocracy to Plural Democracy
Péter Magyar’s election victory gives Hungary its best chance in a generation to break with a centuries-long pattern of authoritarian rule.
The World Needs an Oil Buyers’ Club
Isabella Weber and Gregor Semieniuk
As the world is plunged into another energy crisis, market allocation is leading to grossly unjust outcomes, as the rich outbid the poor.
Europe Is Losing Its Industry To China’s Second Shock
Surging Chinese exports, a sliding renminbi and a depleted European industrial base are colliding — and Brussels has run out of time to respond.
Silicon Valley’s Anti-Democratic Turn Begins at Work
Silicon Valley’s quarrel with democracy is not abstract — it begins in the workplace, where unilateral authority is normalised.
Deregulation Demands Threaten the EU’s Best Chance to Close the Gender Pay Gap
Marie-Hélène Ska, Selena Carbonera Fernandez and Olivier Valentin
Employer lobbying to weaken the EU Pay Transparency Directive risks condemning European women to decades more of unequal pay.