Volcanoes are erupting in The Philippines, but on-fire Australia received some welcome rain. The Iran war cries have been called off and The Donald’s military powers are about to be hamstrung by the Senate. Meanwhile, his impeachment trial is starting, and we’re all on Twitter for a front-row seat.
Article Source: Project Syndicate
What If Our Economy Valued What Matters?
In an economy that treats gross domestic product as the ultimate end, people and the planet are mere means, and much of the work that sustains society is ignored entirely.
Today, many regard caring for the Earth and for other people as merely a means to an end. But everything changes – the economy, the environment, and ourselves – if we view care as an essential set of relationships that allow us to grow and flourish as part of a larger planetary ecosystem.
System change is required to avert potential catastrophes such as climate change-induced weather events, declining agricultural productivity, and future pandemics. But it is difficult to get people to tackle such threats in concert when most perceive only a slow deterioration.
America’s Flawed Search for Itself
Americans must constantly and critically question the breezy, arrogant belief that the United States is a most perfect union of freedom, democracy, and openness. But the notion that the US is not the best of countries but the worst is equally distorted and in its way just as toxic and conceited.
Making America Global Again
If the United States is to protect and rejuvenate its economic foundations and approach autocracies like China and Russia from a position of strength, its strategy cannot be merely trans-Pacific or transatlantic. Instead, America must openly source its approach from across the democratic world.
Build Back the State
In promising to "build back better" from the pandemic, US President Joe Biden has certainly struck the right note. But to succeed, he will need to forge a new social contract, drawing on the lessons of a previous era when the US state led a program that is still paying economic dividends.
The Dangers of Data-Based Certainty
Economists are rushing to embrace the use of big data in their research, while many policymakers think artificial intelligence offers scope for greater cost-effectiveness and better policy outcomes. But before we entrust more decisions to data-based machine-learning and AI systems, we must be clear about the limitations of the data.
Are Cities Finished?
Far from rendering cities obsolete, as some predicted early on, the pandemic has unlocked an ever-broader potential for renaissance – what the economist Joseph Schumpeter famously called “creative destruction” on an urban scale.