What if there was a way to combat climate change that didn’t require technological breakthroughs, carbon taxes or eliminating all fossil fuels? Look to Iowa for the answer.
Greg Ip1/9 Today's column reports on a private market to pay farmers to sequester carbon in their soil. It's one of the most promising climate policies I’ve seen because it avoids many of the pitfalls of others, as this thread describes.
Beijing is eager to exert cultural influence, but only a free society, in open conversation with itself, can create global aspirations.
Greg Ip"I had asked [my Chinese hosts] for the one thing that their country’s authoritarian system has found it almost impossible to deliver at any level: a vibrant popular culture." Fascinating essay by @melkaylan on China's missing soft power. wsj.com/articles/china… via @WSJ
President Trump’s trade war is pressuring American companies to leave China, but many won’t be able to move their supply chains home.
Greg Ip.@petersgoodman shows what tariff-induced uncertainty looks like: Xero shoes "was contemplating factories in Vietnam when Mr. Trump tweeted that could ... face tariffs. 'Do we make the move to Vietnam, then we are right back to where we started?'"
If the pendulum swung too far toward accommodating China in the past, it may be rebounding too far toward confrontation now.
Greg IpWhen everyone agrees we need to be tougher on China and the only question is how much tougher, it's time to ask if the backlash has gone too far. My latest column tempers the new hawkish consensus with historical perspective. wsj.com/articles/has-a…pic.twitter.com/2WKV4CCTHg
Economists see recessions as complex phenomena with multiple causes. Historians and the public prefer simple narratives. So while a recession remains more risk than reality, the fight over the narrative is well under way.
As scorching heat grips much of the country, the most uncomfortable creatures are the best dressed. But why pity them? Widely available is a cool -- if not so chic -- alternative: the short-sleeve dress shirt.
Greg IpBack in 2001, Singapore's tech intensive economy was the first to buckle under the tech bust. Today, Germany, dependent on capital goods exports, may be a similar bellwether for deglobalization . (And Argentina is playing the same role it always does.) wsj.com/articles/SB995…pic.twitter.com/ZnPDdgLvzo
When assumptions about how the world works are shattered, a global downturn is often the result.
Greg IpWhen assumptions about the world are shattered, global recession often ensues. 70s: end of cheap oil. 80s: countries can go bankrupt. 2000s: global banks can fail. Now: from DC to Buenos Aires, globalization displaced by zero sum nationalism. My column. wsj.com/articles/as-gl…pic.twitter.com/rRHirxUJcV
If there was ever a bad time for a lone economy like the U.K. to put itself at the mercy of the world, this is it.
Greg IpDear PM Boris, you couldn't pick a worse time to go looking for new partners in the global economy. Protectionism and nationalism have swept the world, and Britain is not negotiating from a position of economic strength. My column. wsj.com/articles/for-b…pic.twitter.com/gZHRzYFAJd
Greg IpBoris Johnson has picked a singularly bad time to seek a new place for Britain in the world. From U.S. to China to Italy, protectionism, nationalism and hostility to globalization are on the rise. And Britain isn't negotiating from strength. My column. wsj.com/articles/for-b…pic.twitter.com/BPR8dkkNrj