Robert Skidelsky: Economics and the Culture War

The Sunday Newsletter [View this message in a web browser]( [PS on Sunday]( JULY 26, 2020 This week at [Project Syndicate]( Katharina Pistor shows how credit intermediation produces assets that only enrich investors and generate fees; Stephen S. Roach thinks that Europe’s fiscal breakthrough will drive an important wedge between an overvalued US dollar and an equally undervalued euro; Robert Skidelsky says economists’ lack of regard for today’s escalating culture wars amounts to cowardice; and more. Join the conversation. Economics & Finance [The Debt Predators]( [Katharina Pistor]( calls for reforms to a financial system that has failed all but the entities that are running and feeding a debt mint. Economics & Finance [From American to European Exceptionalism]( [Stephen S. Roach]( explains why the newly approved EU rescue fund represents another nail in the coffin of US dollar hegemony. Economics & Finance [Economics and the Culture War]( [Robert Skidelsky]( questions whether the economics discipline should maintain its long-standing detachment from broader social trends. Politics & World Affairs [China’s Five-Finger Punch]( [Brahma Chellaney]( shows why Chinese territorial claims in the Himalayas leave none of its neighbors safe. [What If There’s No COVID Vaccine?]( On Point [What If There’s No COVID Vaccine?]( [William A. Haseltine]( thinks the same basic strategy that has succeeded against HIV/AIDS would work for COVID-19, too. Economics & Finance [Is a China-US “Rivalry Partnership” Possible?]( [Mohamed A. El-Erian]( hopes that mounting bilateral economic tensions will not preclude cooperation on major global challenges. Economics & Finance [China’s Fiscal Dilemma]( [Yu Yongding]( urges the government to increase infrastructure investment in order to boost economic growth. [Europe Steps Up]( Big Picture [Europe Steps Up]( PS commentators weigh the potential long-term implications of the European Union’s new COVID-19 recovery fund. Economics & Finance [The Open Secret to Reopening the Economy]( [Anne O. Krueger]( points out that epidemiologists were right all along: the virus will decide when activities can resume. Politics & World Affairs [Trump vs. His Uighur Policy]( [Anne-Marie Slaughter]( and [Wardah Khalid]( show how the US president's own anti-Muslim views weaken his criticism of China's human-rights abuses. [Say More: Helmut K. Anheier]( Say More Interview [Helmut K. Anheier]( proposes a strategy for a people’s globalization, offers lessons from Germany for countries reckoning with their own histories of racism, and outlines an agenda for Germany’s EU Council presidency. Politics & World Affairs [China Has Blown Its Historic Opportunity]( [Arvind Subramanian]( asks why the country's leaders have embraced aggressive policies that undermine their own global ambitions. Politics & World Affairs [Turkey’s Approaching Crossroads]( [Carl Bildt]( thinks the country is heading for a political and economic reckoning, possibly for the better. 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. 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](.