Short term, it’ll be hard to avoid recession. Long term, we missed the moment for a cheap green transition, but may have broken the resistance to a sustainable future.
Europe
Old Lesson Learned Anew: Cross-Border Capitalism Doesn’t Deter Wars
Today on TAP: As Bob Kuttner has frequently noted (including today), the myths of capitalist globalization have been shattered.
The End of Globalism
The world economic and financial system will never be the same.
War in Ukraine Shifts European, American Views on Energy Dependence
Relying on authoritarian states for fuel supplies turns out to be a dismal geopolitical strategy.
The Economics of Mutually Assured Energy Destruction
Today on TAP: Will the West go all the way and block Russian oil exports?
Won’t Drill Baby Won’t Drill
Don’t expect domestic fracking companies and the Wall Street investors getting rich off them to fill any gap in Russian petrochemicals.
Worse Than a Crime; It’s a Blunder
Anatol Lieven on the meaning and consequences of Russia’s invasion of Ukraine and the West’s response
On Ukraine: Bernie vs. DSA
Today on TAP: One socialist gets it right. Some other socialists don’t.
The Ukraine Crisis: Another Chapter in the Russian-American Carbon Rivalry
The U.S. and Russia have vied to serve Europe with energy since the 1940s. The current tensions in Ukraine must be viewed in that context.
Viva Portugal!
Today on TAP: The Portuguese Socialist Party wins an absolute governing majority.

