Mariana Mazzucato: Larry Fink's Capitalist Shell Game

with Stephen S. Roach, Nancy Qian, Mariana Mazzucato, Jim O'Neill, and more The Sunday Newsletter [View this message in a web browser]( [PS on Sunday]( FEBRUARY 13, 2022 This week at [Project Syndicate]( Joseph E. Stiglitz argues that a large across-the-board increase in interest rates would be a cure worse than the inflation disease; Carmen M. Reinhart and Clemens Graf von Luckner worry that the resurgence of inflation will continue to reinforce inequality, both within and across countries; Mariana Mazzucato mocks Black Rock Chairman and CEO Larry Fink's vision of shareholder capitalism; and more. Economics & Finance [A Balanced Response to Inflation]( [Joseph E. Stiglitz]( shows why targeted supply-side policies, not interest-rate hikes, are the right approach to rising prices. Economics & Finance [The Return of Global Inflation]( [Carmen M. Reinhart]( and [Clemens Graf von Luckner]( see a development that began in the advanced economies becoming increasingly prevalent worldwide. [Get three months of premium access to World Politics Review for just $1]( Economics & Finance [Larry Fink's Capitalist Shell Game]( [Mariana Mazzucato]( rejects corporate leaders' narrow, self-serving vision of “stakeholder” capitalism. Politics & World Affairs [China's Triangulation Gambit]( [Stephen S. Roach]( worries that the US is not prepared for President Xi Jinping's new marriage of convenience with Russia. [The New Land Economy]( On Point [The New Land Economy]( [Giulio Boccaletti]( explains why one of the oldest forms of capital will have to be reconsidered in the age of climate change. Politics & World Affairs [The West Must Accept Reality in Ukraine]( [Nancy Qian]( thinks NATO leaders should acknowledge that Russia's motivation to fight is stronger than their own. Economics & Finance [Outlaw Cryptocurrencies Now]( [Willem H. Buiter]( thinks the risks associated with intrinsically worthless digital assets has grown too large to ignore. [Forgetting Afghanistan 2.0]( The Big Picture [Forgetting Afghanistan 2.0]( PS commentators highlight the serious consequences of ignoring the country’s worsening economic and humanitarian plight. Politics & World Affairs [China's Big Picture]( [Jim O'Neill]( reflects on the country's historic development and the self-inflicted problems it now faces. Economics & Finance [The Price of Modi's Economic Incompetence]( [Shashi Tharoor]( warns that the Indian government’s inept policies could have potentially explosive consequences. [Reclaiming Central Banks]( Special-Edition Magazine: New Summits [Reclaiming Central Banks]( [Ann Pettifor]( argues that achieving green monetary policies will require reform on the scale of the 1970s "Nixon Shock." Economics & Finance [America's Not-So-Great Inflation]( [Barry Eichengreen]( rejects the parallels many observers have drawn between current price increases and conditions in the 1970s. Technology & Society [Reviving Appropriate Technology]( [Dani Rodrik]( argues that making global innovation more labor-friendly would benefit rich and poor countries alike. [PS. Save 50% on a new subscription with the code WINTER2022.]( 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.org](. © Project Syndicate, all rights reserved. [Unsubscribe from this list](