Mohamed A. El-Erian: Fragmented Globalization

with James K. Galbraith, Yu Jie, Dani Rodrik, Paola Subacchi, and more The Sunday Newsletter [View this message in a web browser]( [PS on Sunday]( MARCH 12, 2023 This week at [Project Syndicate]( Jim O’Neill decodes maddeningly mixed inflation signals; Margrethe Vestager touts the EU’s ambitious new tech-sector regulations; Mohamed A. El-Erian advises governments, companies, and long-term investors on how to deal with the reversal of economic integration; and more. Economics & Finance [The Inflation Picture Gets Murkier]( [Jim O'Neill]( parses recent economic indicators to consider whether a soft landing is still possible. Economics & Finance [Tearing Down Big Tech’s Walls]( [Margrethe Vestager]( highlights the contours of the European Union’s ambitious new legislation for the industry. [PS. Subscribe to PS Premium to receive your copy of PS Quarterly: Paradigm Shifts.]( Economics & Finance [Fragmented Globalization]( [Mohamed A. El-Erian]( sees in the recent retrenchment of trade a profound shift rather than an end to cross-border flows. Politics & World Affairs [China’s Precarious Balancing Act]( [Yu Jie]( questions how long Chinese leaders can maintain close ties with Russia without alienating Europe. [PS Global Bookmark: The Sense of an Ending]( [The Sense of an Ending]( [James Livingston]( surveys the intellectual terrain created by the transition from capitalism as we have come to know it. Politics & World Affairs [The Austerity Train Wreck]( [James K. Galbraith]( shifts the blame for the recent Greek railway disaster away from the aged stationmaster who now faces prison. Economics & Finance [The Great Global Crack-Up]( [Paola Subacchi]( examines the risks generated by the geopolitics-fueled backlash against economic globalization. [PS Big Question: Can the US Rein in Big Tech?]( [Can the US Rein in Big Tech?]( We ask [Anu Bradford]( [Tim O’Reilly]( [Ilan Strauss]( [Mariana Mazzucato]( and [Tommaso Valletti]( whether and how the US can translate ambition into action. Culture & Society [The Algorithm Society and Its Discontents]( [J. Bradford DeLong]( warns that an emerging new mode of human organization will cater to our worst impulses. Economics & Finance [Europe’s Next Gas Crisis]( [Edoardo Campanella]( explains how the continent can prepare for an all-but-inevitable supply squeeze. [PS Say More: William H. Janeway on state-sponsored innovation, greentech, asset bubbles, and more]( [William H. Janeway on state-sponsored innovation, greentech, asset bubbles, and more]( [William H. Janeway]( explains why financial speculation is vital to innovation, highlights recent developments that could transform capitalism, and more. Economics & Finance [An Economic Test of Wills in Ukraine]( [Daniel Gros]( shows that in terms of both weapons and money, Western support is far less than what is needed to expel Russia. Economics & Finance [What’s Next for Globalization?]( [Dani Rodrik]( calls for a new overarching narrative to undergird a more equitable economic system. [PS. Register now for our upcoming event, What Economics Is Missing.]( 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.org](. © Project Syndicate, all rights reserved. [Unsubscribe from this list](