Carla Norrlöf: The decline and fall of the petrodollar?

And in the latest issue of PS Quarterly, Kelly Born examines America's democratic dysfunction. [View this message in a web browser]( JULY 5, 2024 This week in PS Longer Reads, Carla Norrlöf, Professor of Political Science at the University of Toronto, considers whether Saudi Arabia would ever move away from invoicing its oil trade in US dollars. [Read now](. And in the latest issue of PS Quarterly, Kelly Born, Director of the Democracy, Rights, and Governance initiative at the David and Lucile Packard Foundation, examines the deep-rooted problems that have tarnished the image of US democracy. [Read now](. [PS Longer Reads: The Profit Trap]( [The Decline and Fall of the Petrodollar?]( By Carla Norrlöf Although Saudi Arabia has been pricing its oil exports in US dollars for decades, there has been recent speculation that the country's leaders may be considering a change. What would that mean for US financial and monetary hegemony? [Read more]( [Special Offer: Save $30 on exclusive access to the latest issue of PS Quarterly.]( Featuring commentaries, interviews, predictions, and more from the world's leading thinkers, [PS Quarterly: Age of Extremes]( considers how the rise of extremist leaders and declining faith in democratic institutions worldwide threaten the stability of democratic governance. [SUBSCRIBE NOW & SAVE]( [PS Quarterly: America’s Democratic Dysfunction]( [America’s Democratic Dysfunction]( By Kelly Born Americans’ mistrust in elections and distrust of each other are symptomatic of deep-seated cultural, structural, and institutional problems. Until these are resolved, the crisis of American democracy will persist, and voters will continue to demand new kinds of solutions – be they democratic, technocratic, or authoritarian. [Read more]( [Subscribe now and save 30% on your first year with Project Syndicate.]( [PS Longer Reads: The Profit Trap]( [The Profit Trap]( By Jean-Baptiste Wautier Capitalism has become a major source of global problems, when it should be delivering solutions. But as a powerful engine of prosperity that also lends itself to the defense of political liberty, the system is well worth saving – albeit in a revised form. [Read more]( [Facebook]( [Twitter]( [LinkedIn]( Project Syndicate publishes and provides, on a not-for-profit basis, original commentary by the world's leading thinkers to more than 500 media outlets in over 150 countries. Receipt of this newsletter does not guarantee rights to re-publish any of its content. This newsletter is a service of [Project Syndicate](. [Change your newsletter preferences](. Follow us on [Facebook]( [Twitter]( and [YouTube](. © Project Syndicate, all rights reserved. [Unsubscribe from all newsletters](.