Börsen 10 maj 2024
If you want to understand what is happening to the European Union’s constitution, the EU flag is a good place to start.
European leaders will agree to delete references to the flag in the constitution. Everybody knows the flags will keep flying.
The words in the constitution will change. But the substance will remain the same.
Gideon Rachman, Financial Times June 12 2007
https://englundmacro.blogspot.com/2023/05/i-dag-9-maj-europadagen.html
EUs grundlag - The Constitution
https://www.nejtillemu.com/konvent2007.htm
Energiförbrukningen i världen mer än fördubblades från oljekrisen 1973
Förvisso skedde en betydande omställning bort från olja. Men i gengäld fick både kol och naturgas större bitar av kakan.
Världens energiförsörjning var till 87 procent fossil vid oljekrisens utbrott 1973.
År 2019 hade fossil-andelen sjunkit till 81 procent.
Sol, vind och vatten en närmast obetydlig roll
Det stora bidraget gav kärnkraften, som kom att svara för en tjugondel av den globala energitillförseln.
1/20
Om situationen är tämligen statisk i relativa tal, är förändringen desto mer dramatisk i absoluta tal.
Energitillförseln mer än fördubblades från oljekrisen 1973 till 2019 (en ökning från 254 till 606 exajoule).
DAG WELLANDER Fokus 9 maj 2024
https://www.fokus.se/politik/klimatpolitikens-stora-magplask/
The liberal international order is slowly coming apart
Its collapse could be sudden and irreversible
In many of these scenarios, the loss will be more profound than many people think.
It is fashionable to criticise untrammelled globalisation as the cause of inequality, the global financial crisis and neglect of the climate.
But the achievements of the 1990s and 2000s—the high point of liberal capitalism—are unmatched in history.
Hundreds of millions escaped poverty in China as it integrated into the global economy. The infant-mortality rate worldwide is less than half what it was in 1990. The percentage of the global population killed by state-based conflicts hit a post-war low of 0.0002% in 2005; in 1972 it was nearly 40 times as high.
The latest research shows that the era of the “Washington consensus”, which today’s leaders hope to replace, was one in which poor countries began to enjoy catch-up growth, closing the gap with the rich world.
The decline of the system threatens to slow that progress, or even throw it into
The Economist 9 May 2024
https://www.economist.com/leaders/2024/05/09/the-liberal-international-order-is-slowly-coming-apart
Is the “Washington Consensus" here again?
https://englundmacro.blogspot.com/2022/12/is-washington-consensus-here-again.html
The doctrine of free trade was the product of a radical revolt, headquartered in Britain,
... against the old regime of landed aristocrats (who owned most of the land), mercantilist companies (who controlled most of the trade), and self-interested politicians.
The Free Traders’ seminal achievement was the abolition of the Corn Laws in 1846, a move that reduced the price of food for ordinary people (the Corn Laws put an artificial floor on the price of corn in order to protect landowners’ incomes) and set the tone of the age of improvement and reform. In a speech at Manchester’s Free Trade Hall, Richard Cobden explained that free trade acts like a gravitational force that draws men together in harmony and dispels the antagonisms of race, creed and language.
There is a widespread feeling on the left that this marks a return to “real progressivism” — that the Clinton-Blair era was an aberration when the left was captured by neoliberal ideologues wearing Democratic badges of convenience such as Larry Summers and Robert Rubin (for a lively insider’s account of this “capture” see Robert Reich’s Locked in the Cabinet), and that the real heart of the left lies with interventionism.
Progressives Forget Their Free-Trade Heritage at Own Peril
In its rush to embrace economic nationalism, the Left is abandoning its long tradition of supporting free trade, with potentially dangerous consequences.
Adrian Wooldridge Bloomberg 8 maj 2024
Adrian Wooldridge is the global business columnist for Bloomberg Opinion. A former writer at the Economist, he is author of “The Aristocracy of Talent: How Meritocracy Made the Modern World.”
Börsen 8 maj 2024
https://englundmacro.blogspot.com/2024/05/barsen-8-maj-2024.html
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