A publication focused on political economy.
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The illegal war launched by the United States and Israel against Iran has triggered the mother of all commodity-supply shocks. In response to the unprovoked onslaught, Iran has all but closed the Strait of Hormuz, bringing to a standstill the delivery of huge amounts of the world economy’s critical inputs. Iran is the seventh country to undergo […] The post War on Iran appeared first on Phenomenal…
Can America's allies bypass the hegemon? The post Conscious Uncoupling appeared first on Phenomenal World .
A roadmap for internationalizing the European currency The post A Global Euro appeared first on Phenomenal World .
Climate cooperation, forest funds, and the tentative move toward green industries The post COP30 Without the USA appeared first on Phenomenal World .
The Polycrisis has always taken an interest in fossil fuels. We have written about how the industry has shaped international climate diplomacy and liberal politics. We’ve looked at the dynamics of the mid-transition, where fossil-fuel interests are fighting a desperate rear-guard struggle to secure future demand, even as the growth era for fossil fuels is ending (as many producers, investors and…
At the Polycrisis, we’ve taken a special interest in the question of how India has been positioning itself in the new world order that has been emerging since 2022. Our inaugural essay featured India’s nonalignment in the Ukraine war as a bargaining chip for trade, investment, security, and technology deals from both the West and […] The post India in the New Global Order appeared first on…
In April, a senior European insurance executive warned in a viral LinkedIn post that climate change threatened his industry’s existence and, in turn, capitalism itself. “Flooded homes lose value. Overheated cities become uninhabitable. Entire asset classes are degrading in real time, which translates to loss of value, business interruption, and market devaluation on a systemic […] The post…
The globalization that defined the neoliberal period was imagined at a remove from the material world: weightless supply chains composed of transparent logistics networks, just-in-time production and delivery amounting to a seamless world of efficiency and complexity. Neoliberalism’s crisis of legitimacy began with the financial crisis in 2008, but the sudden re-entry of physical problems […] The…
Within the BRICS group, two competing global models of energy, growth, and influence. The future of the world’s majority will be decided by the pace of the contest between green technologies and fossil fuels. The post BRICS in 2025 appeared first on Phenomenal World .
Investing in the US has been a good bet for well over a decade. America’s tech industry, its indefatigable consumers, highly profitable firms, and pro-growth fiscal policy has made the country a highly attractive option and contributed to the narrative that its economy is unassailable. This is what has been referred to as the “US […] The post April is the Cruelest Month appeared first on…
