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  1. Protesters in Tirana hold a giant flamingo flag during a demonstration outside Albania’s prime minister’s office.
    1

    How Trump Is Reinvigorating Democracy

    Jan-Werner Mueller

    After a year of commentators lamenting the extent to which Donald Trump had emboldened the world’s autocrats, the political tables may have begun to turn. Not only is Trump deeply unpopular globally, but any government that gets into bed with him is effectively offering proof of its own corruption.

    argues that governments’ dealings with a brazenly corrupt US administration are becoming a major liability.

    Further reading

  2. Stacks of rolled US dollar bills displayed together.
    6

    The Monetary Roots of Political Extremism

    Ann Pettifor

    While the global economy generates unprecedented wealth for plutocrats like Elon Musk, it is, by design, highly unequal, dangerously over-indebted, prone to recurring financial crises, and ecologically disastrous. In such a context, radical reforms will be needed, beginning with the rejection of money as a commodity.

    shows that the economic and financial systems underpinning oligarchy were built on a flawed theory of money.

    Further reading

  3. Chinese soldiers marching in a parade.Kevin Frayer/Getty Images
    3

    The Making and Remaking of Chinese Totalitarianism

    Chenggang Xu

    Much analysis of China focuses on its rivalry with the United States, as if the world was confronting a conventional contest between great powers. But since China is not an ordinary rising power, recognizing the totalitarian nature of its political system is essential to understanding its conduct at home and abroad.

    explains how the reform era reshaped the country while leaving its core institutions largely intact.

    Further reading

  4. Image for <em>PS Deep Dive: Oligarchy</em>

    PS Deep Dive: Oligarchy

    A collection of PS commentaries examining how a few individuals amassed unprecedented wealth—and how they are using it to dismantle democracy. Featuring insights from Cristina Enache, Brooke Harrington, James Livingston, Michael Madowitz, Ann Pettifor, Matt Simonton, and Quinn Slobodian.

    Subscribe and save 30%

  1. Our AI, Your Problem

    Bertrand Badré, et al. warn against assuming that the only choice must be between US- or Chinese-made systems.
  2. Europe Failed the Ceuta Test

    Zaki Laïdi laments the EU’s surrender to far-right pressure as governments tighten border controls.
  3. Chile’s Boring Conservative President

    Andrés Velasco weighs the risks and benefits of José Antonio Kast’s old-school center-right approach to governing.
  4. Will Latin America Embrace Guerrilla Geopolitics?

    Jorge G. Castañeda & Carlos Ominami consider what the region can learn from the successful use of asymmetric tactics in Ukraine and Iran.

PS Quarterly

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Latest

  1. Reykjavík, Iceland, with colorful rooftops and snow-covered mountains in the background.

    Iceland Belongs in the Eurozone

    Aug 17, 2026 Willem H. Buiter & Anne C. Sibert show that the economic benefits of full EU membership would almost certainly outweigh any potential drawbacks.

  2. Chinese Premier Zhu Rongji, Beijing, China, November 1995.

    Zhu Rongji’s Legacy of Demographic Decline

    Aug 17, 2026 Yi Fuxian notes that the former premier oversaw two major reforms that have had potentially dire consequences.

  3. Aerial view of green vegetation contrasting with arid desert in China’s Kubuqi Desert.

    The Global Land Agenda’s Moment of Truth

    Aug 17, 2026 Osama Faqeeha & Bradley Hiller see five signs that national governments and the global community are getting serious about land degradation.

  4. Protesters in Tirana hold a giant flamingo flag during a demonstration outside Albania’s prime minister’s office.

    How Trump Is Reinvigorating Democracy

    Aug 17, 2026 Jan-Werner Mueller argues that governments’ dealings with a brazenly corrupt US administration are becoming a major liability.

  5. A patient has blood drawn for an Ebola test at a health center in the Democratic Republic of the Congo.

    Ebola is Back-and the IMF’s Relief Fund Is Empty

    Aug 17, 2026 Marina Zucker-Marques proposes a simple way for the International Monetary Fund to deliver the help the poorest countries need.

Trending

  1. The Ceuta Crisis Is About More Than Migration

    Aug 7, 2026 Moha Ennaji explains the territorial dispute between Spain and Morocco and proposes a new path forward.

  2. The Rising Price of a Cheap Renminbi

    Aug 7, 2026 Gene Frieda explains why any strategy for reducing global imbalances must account for China’s exchange-rate management.

  3. The World Economy Is Swerving, and the Destination Is Unknown

    Aug 10, 2026 Mohamed A. El-Erian notes that the entire global economic system is undergoing a transition with no clear endpoint.

  4. Is China Really a Beggar-thy-Neighbor Power?

    Aug 10, 2026 Dani Rodrik shows why the most common criticism of the country's surpluses and broader economic model falls flat.

  5. Dude, Where’s My Recession?

    Aug 11, 2026 Barry Eichengreen identifies the sources of the US economy’s apparent resilience, and explains how things could go wrong.

  1. Chinese soldiers marching in a parade.Kevin Frayer/Getty Images
    3

    The Making and Remaking of Chinese Totalitarianism

    Chenggang Xu

    Much analysis of China focuses on its rivalry with the United States, as if the world was confronting a conventional contest between great powers. But since China is not an ordinary rising power, recognizing the totalitarian nature of its political system is essential to understanding its conduct at home and abroad.

    explains how the reform era reshaped the country while leaving its core institutions largely intact.
  2. Stacks of rolled US dollar bills displayed together.
    6

    The Monetary Roots of Political Extremism

    Ann Pettifor

    While the global economy generates unprecedented wealth for plutocrats like Elon Musk, it is, by design, highly unequal, dangerously over-indebted, prone to recurring financial crises, and ecologically disastrous. In such a context, radical reforms will be needed, beginning with the rejection of money as a commodity.

    shows that the economic and financial systems underpinning oligarchy were built on a flawed theory of money.
  3. Peter Magyar during a campaign rally.Janos Kummer/Getty Images
    2

    Democracy, Autocracy, or Something Else?

    Helmut K. Anheier, et al. highlight the forces that determine whether countries reverse institutional decay or succumb to it.
  4. Superyacht AV, formerly known as Palladium, anchored in San Diego Bay with the U.S. Navy aircraft carrier USS Abraham Lincoln docked at Naval Air Station North Island in the background.
    11

    Why Wealth Taxes Always Fail

    Cristina Enache shows that such policies have been abandoned in most countries where they have been tried—and for good reason.
  5. Workers on a silicon wafer production line at a GalaxyCore semiconductor factory in Jiashan County, Zhejiang Province, China, on May 25, 2021.
    3

    Silicon, Not Software, Will Decide the AI Race

    Antonin Bergeaud & Robin Rivaton

    For all the hype surrounding frontier models, AI’s biggest constraints are increasingly physical. While scientific breakthroughs still matter, countries that can build the infrastructure needed to power the AI economy will have the the decisive advantage.

    explain why technological leadership depends as much on factories and power grids as on algorithms.
  6. Protestors calling to tax the rich.Wiktor Szymanowicz/Future Publishing via Getty Images
    9

    Saving Democracy Requires Taxing Extreme Wealth

    Michael Madowitz believes the design of policies to address concentrated wealth has vastly improved, and not a moment too soon.

Thomas Jefferson’s immortal words in the Declaration of Independence inaugurated an “experiment” in self-government that continues to this day. Although the results have never been perfect, few other documents have had as profound and as enduring an influence on the modern world.

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Opinion that Moves

  1. Marina Zucker-Marques Ebola is Back-and the IMF’s Relief Fund Is Empty
  2. Jeffrey Frankel What Should Be Done About Asia’s Undervalued Currencies?
  3. Jan Mischke, et al. The Real Competitiveness Test
  4. Minxin Pei The Legacy of Zhu Rongji

  1. Jan-Werner Mueller How Trump Is Reinvigorating Democracy
  2. Anne-Marie Slaughter Let’s Not Forget Multilateral Institutions
  3. Andrés Velasco Chile’s Boring Conservative President
  4. Zaki Laïdi Europe Failed the Ceuta Test

  1. Nancy Qian Aid’s Next Chapter
  2. Donald Kaberuka, et al. A New Paradigm for Global Health Financing
  3. Tom Achoki, et al. The Middle-Income Health Trap
  4. Anne Lepetit The Therapist in Your Pocket

  1. Osama Faqeeha, et al. The Global Land Agenda’s Moment of Truth
  2. Désiré Assogbavi, et al. The Extractive Trap Has a Green Exit
  3. Pedro Ivo Ferraz da Silva Who Should Build the Low-Carbon Economy?
  4. Jayant Sinha Tearing Down the Currency Wall

  1. Raghuram G. Rajan How Corporations Can Mitigate an AI Jobocalypse
  2. Bertrand Badré, et al. Our AI, Your Problem
  3. Carl Benedikt Frey China’s Biggest Weakness on AI
  4. Amal El Fallah Seghrouchni Morocco’s Bet on Targeted AI

  1. Kailash Satyarthi The World Needs Compassionate AI
  2. Rohan Sandhu India’s Exam Worriers Become Democracy Warriors
  3. Michael R. Strain Just Say No to Remote Work
  4. Ian Buruma The World Cup as It Should Be

Africa’s economic rise is a world-changing development, but the sources of its emerging strength – and lingering weaknesses – are little understood. W…

  1. Désiré Assogbavi, et al. The Extractive Trap Has a Green Exit
  2. Rabah Arezki, et al. Africa’s Energy Curse Is a Political Choice
  3. Fernando Morra, et al. West Africa Needs Its Own Draghi Moment

Today’s media landscape is littered with landmines: open hostility from illiberal and autocratic regimes, mounting censorship in countries such as Hungary, Turkey,…

  1. Kelly Stonelake Social-Media Age Bans Won’t Make Children Safer—But This Will
  2. Amy Brouillette Media Capture Failed in Hungary-and America Could Be Next
  3. Frederik Obermaier, et al. The Deafening Silence on Offshore Wealth

A selection of insightful commentaries written by female contributors on issues affecting women and girls.

  1. Ruth Khasaya Oniang'o, et al. Taking Women Farmers Seriously
  2. Eleni Yitbarek , et al. Why Gender Inequality Still Haunts the Economy
  3. Vaira Vīķe-Freiberga, et al. The Next UN Secretary-General Must Be a Woman