Nouriel Roubini: Israel’s Slippery Slope

with Dani Rodrik, Anna Husarska, Daron Acemoglu, and more The Sunday Newsletter [View this message in a web browser]( [PS on Sunday]( AUGUST 6, 2023 This week at [Project Syndicate]( J. Bradford DeLong explains why arriving at the best investment strategy is about more than simply doing the math; Nouriel Roubini warns that the Israeli government’s efforts to disempower the judiciary will have serious economic consequences; Mario I. Blejer and Piroska Nagy Mohácsi point out that, despite falling inflation, the world’s major economies are still grappling with enormous inherited imbalances, distorted incentives, and acute moral-hazard risks; and more. Economics & Finance [Investment Theory in Practice]( [J. Bradford DeLong]( notes that the long-term mathematical attractiveness of stocks belies the risk of ruin. Economics & Finance [Israel’s Slippery Slope]( [Nouriel Roubini]( considers what the right-wing governing coalition's attack on the judiciary will mean for the economy. [PS. Subscribe to PS Digital now.]( Economics & Finance [The Inflation Crisis Is Not Over]( [Mario I. Blejer]( and [Piroska Nagy Mohácsi]( explain why a year of monetary tightening has not solved the underlying causes of macroeconomic uncertainty. Politics & World Affairs [Which Is the Real Europe?]( [Antara Haldar]( thinks the bloc's future hinges on a tradeoff between solidarity and economic austerity. [PS Longer Reads: The First Polycrisis]( [The First Polycrisis]( [Harold James]( considers important parallels between the world today and the European revolutions of 1848. Politics & World Affairs [For the Love of Trump]( [Ian Buruma]( asks why the thrice-indicted former president continues to be worshipped by Republican Party voters. Economics & Finance [Economists Reconsider Industrial Policy]( [Dani Rodrik]( [Réka Juhász]( and [Nathan Lane]( review key findings of a new generation of research that overturns much of the conventional wisdom. [PS Big Picture: Who Controls AI?]( [Who Controls AI?]( [Maria Eitel]( [Anne-Marie Slaughter]( [Daron Acemoglu]( and more examine prospects for ensuring that artificial intelligence is developed responsibly. Politics & World Affairs [The Crisis of American Leadership]( [Chris Patten]( reflects on the disastrous long-term consequences of the United States' foreign-policy mistakes. Politics & World Affairs [Lula’s Dance with Dictators]( [Andrés Velasco]( attributes the Brazilian president's foreign-policy choices to geopolitical vanity and domestic challenges. [PS Say More: Ian Buruma on Taiwan, the paradox of Pax Americana, and more]( [Ian Buruma on Taiwan, the paradox of Pax Americana, and more]( [Ian Buruma]( suggests how the US can defend democracy globally, warns that political violence could mar next year’s presidential election, and more. Culture & Society [The Hollywood Writers’ AI Fight Is Everyone’s Fight]( [Daron Acemoglu]( [Simon Johnson]( and [Austin Lentsch]( think that knowledge workers who still have a voice can steer managers away from pursuing mindless automation. Politics & World Affairs [Expel Russia from UNESCO]( [Anna Husarska]( argues that the recent daily attacks on Odesa’s historic center, a World Heritage site, are the final straw. [PS. Subscribe to PS Premium now.]( 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](