Global

OPEC’s Prisoner’s Dilemma

Prisoner’s Dilemma

By Jacob L. Shapiro
OPEC countries have an agreement on production, but will they abide by it?
The Organization of the Petroleum Exporting Countries (OPEC) says its members have approved a plan to cut oil production by about 1.2 million barrels per day, or roughly 1.5 percent of current global crude production.


Is globalization’s second wave about to break? MORE

Globalization’s second wave


Laurence Chandy Fellow - Global Economy and Development, Development Assistance and Governance Initiative
Brina Seidel Research Assistant - Global Economy and Development, The Brookings Institution

After two decades defined by growing integration, the global economy appears to be at an inflection point. This judgment has been prompted both by structural changes in the global economy, especially since the Great Recession, and political events over the past year illustrative of a backlash against past integration. Following one such event—the U.K.’s Brexit vote in June—The Economist magazine reported, in a funereal tone, that globalization now seems to be receding, inspiring comparisons with the rise and fall of globalization a century ago.[1]

West Already Weaponizing Fake News

Fake News

 By Finian Cunningham

 "Information Clearing House" - "Sputnik" - You really know that masses of people are living within a mind-control matrix when the greatest, most pervasive purveyors of fake news denounce others for the practice. And yet they do so without the slightest hint of awareness about their own monstrous hypocrisy.

My Top 5 Foreign-Policy Unicorns — and Why I Want to Kill Them

Unicorn


BY STEPHEN M. WALT

On magical creatures and the promises of politicians.
Have you ever seen a unicorn? Me neither. Unicorns are mythical beasts, supposedly imbued with many attractive, even magical, qualities — but, alas, they are not actually real. Nor have I seen any orcs, basilisks, balrogs, or any of the other evil creatures dreamt up by fiction writers: Here, the good news is these don’t exist and never did. Apart from CGI-enhanced movies, anyone who claimed they could find or create one of them would be regarded as something of a crackpot.

Global Wealth Update: 0.7% Of Adults Control $116.6 Trillion In Wealth

Global Wealth

by Tyler Durden
Today Credit Suisse released its latest annual global wealth report, which traditionally lays out what is perhaps the biggest reason for the recent "anti-establishment" revulsion: an unprecedented concentration of wealth among a handful of people, as shown in its infamous global wealth pyramid, an arrangement which as observed by the "shocking" political backlash of the past few months suggests that the lower 'levels' of the pyramid are increasingly unhappy about.

Toward A New World Order?

 

by Tyler Durden
Submitted by Eugen von Bohm-Bawerk via Bawerk.net,

A Brave New World is coming? Perhaps. We had a recent discussion with a group of people in the hopeless business of doing long term forecasting. This made us think about what the world will look like over the next 20 to 40 years. A pretty thankless task, but the bottom line is without a damn good war, Asia will be the way of the future.

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