Sergei Guriev: The Russia Sanctions Are Working

with Nina L. Khrushcheva, Richard Haass, Ana Palacio, and more The Sunday Newsletter [View this message in a web browser]( [PS on Sunday]( AUGUST 27, 2023 This week at [Project Syndicate]( Yi Fuxian accuses China’s leaders of ignoring sound research and steering the country into a demographic trap; Nina L. Khrushcheva highlights President Vladimir Putin’s failure to heed a crucial lesson from the Soviet era; Nouriel Roubini considers how a catastrophic US-China war can be avoided; and more. Economics & Finance [China’s Population-Control Disaster]( [Yi Fuxian]( reflects on the calamitous consequences of the regime’s family-planning policies. Politics & World Affairs [Putin’s History Lessons]( [Nina L. Khrushcheva]( sees parallels between the Kremlin’s revanchist agenda and Soviet attempts to rewrite the past. [A new book from Daron Acemoglu and Simon Johnson called Power and Progress]( [Power and Progress: Our Thousand-Year Struggle Over Technology and Prosperity]( Daron Acemoglu and Simon Johnson examine the economics of technological progress and the choices we must make to create true shared prosperity. From Hachette Book Group / PublicAffairs Politics & World Affairs [Preventing a US-China War]( [Nouriel Roubini]( urges both sides to pursue a new strategic understanding on the issues driving their current conflict. Economics & Finance [The Russia Sanctions Are Working]( [Sergei Guriev]( examines the country's rapidly deteriorating fiscal outlook in the wake of the ruble's latest tumble. [PS Longer Reads: The Political Economy of Technology]( [The Political Economy of Technology]( [William H. Janeway]( considers the impact of technical advances and political power on socioeconomic outcomes over two centuries. Politics & World Affairs [For Whom the BRICS Toll]( [Ana Palacio]( thinks the group's latest summit was – as usual – notable mainly for highlighting shared grievances. Politics & World Affairs [Does an Expanded BRICS Mean Anything?]( [Jim O'Neill]( suspects that the group will continue to struggle to serve anything more than a symbolic purpose. [PS Big Picture: Why Is China’s Economy Faltering?]( [Why Is China’s Economy Faltering?]( [Takatoshi Ito]( [Nancy Qian]( [Kenneth Rogoff]( and more assess the implications of recent economic headwinds. Economics & Finance [China’s Homegrown Crisis]( [Richard Haass]( warns that the sharply slowing economy could tempt President Xi Jinping to try to change the conversation. Politics & World Affairs [China’s Policy Paralysis]( [Stephen S. Roach]( argues that the government’s muted stimulus is an attempt to wean itself off debt-intensive economic growth. [PS Quarterly: Defending the Women Who Defend Human Rights]( [Defending the Women Who Defend Human Rights]( [Sarah Hendriks]( and [Pauline Brosch]( urge the international community to protect and support the world's most at-risk activists. Politics & World Affairs [Europe’s Fading Democracy]( [Yanis Varoufakis]( vents his growing misgivings about the representativeness of the European Union's political institutions. Politics & World Affairs [The Strongest Army in Europe?]( [Sławomir Sierakowski]( thinks the Polish government has prioritized procurement over meaningful defense preparation. [PS. Register now for our upcoming virtual event, Africa’s Climate Agenda.]( 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](