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     This month, G20 finance ministers and central bank governors will be
     discussing a new financing vehicle to help all countries develop the
     capacity to stop future health emergencies before they get out of hand. But
     success ultimately will depend on whether they can embrace new governance
     principles and methods.
     
     highlight four conditions that the G20's proposed financing vehicle must
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 2.  War in a World that Stands for Nothing Politics Chris McGrath/Getty Images
     
     
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     Slavoj Žižek argues that Vladimir Putin’s invasion of Ukraine is exposing
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     Ngaire Woods urges leading economies to cooperate to prevent famine,
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     Although inflation has risen sharply for multiple reasons, increased demand
     is by far the most important factor. The common argument about strangled
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     emphasizes that all the stories about supply shortages cannot explain the
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     THE RUSSIAN COUP FANTASY
     
     Barak Barfi explains why the country’s military leaders are highly unlikely
     to oust President Vladimir Putin.
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      * Anders Åslund Putin’s Failed State

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     HOW THE G7 CAN SUPPORT AFRICA’S CLIMATE AGENDA
     
     Olumide Abimbola & Zainab Usman argue that South Africa’s recent
     green-financing deal provides a template for other countries in the region.
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      * Yvonne Aki-Sawyerr Empowering Healthy, Resilient Hometowns

 8.  The Global Methane Imperative Smart Development Orjan F. Ellingvag/Corbis
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     THE GLOBAL METHANE IMPERATIVE
     
     Sarah Vogel & Marcelo Mena urge concerted action to reduce emissions of a
     greenhouse gas that is 80 times more potent than carbon dioxide.
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      * Hélène Rey Observing the Green Swans

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     PS EVENTS: FINANCE 3.0
     
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    FRANCE’S PRESIDENTIAL ELECTION MATTERS FOR US ALL
    
    Chris Patten argues that the second-round runoff on April 24 represents a
    crucial test for democracy.
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LATEST

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    THE GLOBAL METHANE IMPERATIVE
    
    Apr 20, 2022 Sarah Vogel & Marcelo Mena urge concerted action to reduce
    emissions of a greenhouse gas that is 80 times more potent than carbon
    dioxide.
    
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 2. How the G7 Can Support Africa’s Climate Agenda John Wessels/AFP via Getty
    Images
    
    
    HOW THE G7 CAN SUPPORT AFRICA’S CLIMATE AGENDA
    
    Apr 20, 2022 Olumide Abimbola & Zainab Usman argue that South Africa’s
    recent green-financing deal provides a template for other countries in the
    region.
    
    0 Add to Bookmarks
 3. The Russian Coup Fantasy MIKHAIL KLIMENTYEV/SPUTNIK/AFP via Getty Images)
    
    
    THE RUSSIAN COUP FANTASY
    
    Apr 20, 2022 Barak Barfi explains why the country’s military leaders are
    highly unlikely to oust President Vladimir Putin.
    
    0 Add to Bookmarks
 4. How to Design a Pandemic Preparedness and Response Fund Sonny Tumbelaka/AFP
    via Getty Images
    
    
    HOW TO DESIGN A PANDEMIC PREPAREDNESS AND RESPONSE FUND
    
    Apr 20, 2022 Mariana Mazzucato & Alan Donnelly highlight four conditions
    that the G20's proposed financing vehicle must meet in order to succeed.
    
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TRENDING

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    THE END OF AN ECONOMIC ILLUSION
    
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 2. Putin’s Failed State
    
    
    PUTIN’S FAILED STATE
    
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    US STRATEGIC AMBIGUITY OVER TAIWAN MUST END
    
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 5. War in a World that Stands for Nothing
    
    
    WAR IN A WORLD THAT STANDS FOR NOTHING
    
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PS ONPOINT

The Forgotten Origins of Silicon Valley PS OnPoint Smith Collection/Gado/Getty
Images


THE FORGOTTEN ORIGINS OF SILICON VALLEY

William H. Janeway

Sebastian Mallaby's new book offers a detailed exploration of how US venture
capital became the go-to model for commercializing innovations at the
technological frontier. But no industry exists in a vacuum, so it is important
to consider precisely why this model evolved where and when it did.

shows how the venture capital industry has always piggybacked on US government
investment.
2 Add to Bookmarks
The Justices Have No Clothes PS OnPoint Bill Clark/CQ/Roll Call, Inc via Getty
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THE JUSTICES HAVE NO CLOTHES

Nicholas Reed Langen blames the US Constitution itself for the naked
partisanship fueling the Supreme Court's legitimacy crisis.
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The Coming Decade of Peacelessness PS OnPoint Aris Messinis/AFP via Getty Images


THE COMING DECADE OF PEACELESSNESS

Sigmar Gabriel thinks Europe is entering a new period of turmoil from which it
could ultimately emerge stronger.
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OnPoint is part of our premium content for subscribers. Get exclusive
explainers, thematic deep dives, interviews with world leaders, and our Year
Ahead magazine. Learn more.


SAY MORE

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AN INTERVIEW WITH ESWAR PRASAD

Eswar Prasad assesses challenges to the US dollar’s global preeminence, explains
how cryptocurrencies could hurt Russia during the Ukraine war, and highlights
emerging blockchain-based financial products.
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An Interview with Nina L. Khrushcheva Say More Alexei Druzhinin/TASS via Getty
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AN INTERVIEW WITH NINA L. KHRUSHCHEVA

Nina L. Khrushcheva deciphers Vladimir Putin’s approach to negotiations with
Ukraine, assesses the state of his propaganda machine, and considers what an
isolated Russia will mean for the West.
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An Interview with Kristen Ghodsee Say More


AN INTERVIEW WITH KRISTEN GHODSEE

Kristen Ghodsee considers social factors that may have made Ukraine seem
vulnerable to Russia, identifies socialist-era policies that countries today
should adopt, and highlights how that era was better for women in one key sense.
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Say More is a weekly interview series where a selected contributor expands on
ideas covered in their commentaries, addresses new issues, and shares personal
recommendations, giving readers a deeper look at their perspective and
personality.


THE BIG PICTURE

Are Major Central Banks Doing Enough to Fight Inflation? The Big Question Brooks
Kraft/Getty Images


ARE MAJOR CENTRAL BANKS DOING ENOUGH TO FIGHT INFLATION?

Featured in this Big Question
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 2. James K. Galbraith ,
 3. Brigitte Granville ,
 4. Stephen S. Roach

The ongoing war in Ukraine has triggered further spikes in energy and food
prices, increasing the pressure on US and eurozone central bankers who had been
slow to respond to earlier inflation risks. We asked PS commentators how much,
and how fast, they should tighten monetary policy.

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The Forgotten Climate Crisis? The Big Picture Vuk Valcic/SOPA Images/LightRocket
via Getty Images


THE FORGOTTEN CLIMATE CRISIS?

Featured in this Big Picture
 1.  Mary Robinson,
 2.  Helen Clark,
 3.  Dan Smith,
 4.  Margot Wallström,
 5.  Jean Pisani-Ferry,
 6.  Laura Chinchilla,
 7.  María Fernanda Espinosa,
 8.  May Boeve,
 9.  Mitzi Jonelle Tan,
 10. Nisha Agarwal

While the terrible human and physical cost of Russia’s invasion of Ukraine is
understandably the focus of political attention, the fight against global
warming risks becoming another casualty of the war. What can policymakers do to
prevent 2022 from being a lost year for climate action?

3 Add to Bookmarks
Will the Russia Sanctions Work? The Big Question Stefan Sauer/picture alliance
via Getty Images


WILL THE RUSSIA SANCTIONS WORK?

Featured in this Big Question
 1. Jayati Ghosh,
 2. Ricardo Hausmann,
 3. Harold James,
 4. Shang-Jin Wei

Russian President Vladimir Putin’s invasion of Ukraine led Western governments
to impose severe financial and economic sanctions aimed at weakening Russia. But
what are the unprecedentedly punitive measures likely to achieve?

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The Big Picture brings together a range of Project Syndicate commentaries not
just on topics in the news, but also on the deeper issues driving the news.
Readers quickly gain the insights of diverse, authoritative perspectives on
critical global events and challenges.


SUSTAINABILITY NOW

What We Need for Long-Term Peace and Prosperity Sustainability Now STEFANI
REYNOLDS/AFP via Getty Images


WHAT WE NEED FOR LONG-TERM PEACE AND PROSPERITY

Margaret Kuhlow argues that the obvious breakdown of international systems makes
the strongest case for a fundamental redesign.
2 Add to Bookmarks
The IMF Needs to Mitigate Climate Transition Risk Sustainability Now Aksara M.
Rahman/AFP via Getty Images


THE IMF NEEDS TO MITIGATE CLIMATE TRANSITION RISK

Xiaobei He, et al. call for more coordination to prevent policies in one country
from destabilizing economies elsewhere.
0 Add to Bookmarks
The Carbon Price Solution Sustainability Now George Frey/Getty Images


THE CARBON PRICE SOLUTION

Ben Meng & Anne Simpson urge policymakers to give private investors the
incentives they need to drive the net-zero transition.
1 Add to Bookmarks

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SUSTAINABILITY NOW IS BROUGHT TO YOU IN PART BY:

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PS EVENTS: FINANCE 3.0

PS editors present the Finance 3.0 event.
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PODCASTS

Imprisoned by the Infosphere



IMPRISONED BY THE INFOSPHERE

Maciej Kuziemski & Peter Pomerantsev consider how the internet has severed the
link between expression and emancipation.
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OPINION THAT MOVES


ECONOMICS & FINANCE


 1. HOW TO DESIGN A PANDEMIC PREPAREDNESS AND RESPONSE FUND
    
    Apr 20, 2022 Mariana Mazzucato & Alan Donnelly


 2. THIS INFLATION IS DEMAND-DRIVEN AND PERSISTENT
    
    Apr 20, 2022 Jason Furman


 3. WHAT IS SOUTH KOREA’S PRESIDENT-ELECT FACING?
    
    Apr 19, 2022 Keun Lee


 4. A PERFECT STORM FOR DEVELOPING COUNTRIES
    
    Apr 19, 2022 Ngaire Woods


POLITICS & WORLD AFFAIRS


 1. THE RUSSIAN COUP FANTASY
    
    Apr 20, 2022 Barak Barfi


 2. CAN ANTI-EU POPULISM SURVIVE PUTIN’S WAR?
    
    Apr 19, 2022 Philippe Legrain


 3. WAR IN A WORLD THAT STANDS FOR NOTHING
    
    Apr 18, 2022 Slavoj Žižek


 4. WHY DO WE OBEY THE LAW?
    
    Apr 18, 2022 Antara Haldar


SMART DEVELOPMENT


 1. THE GLOBAL METHANE IMPERATIVE
    
    Apr 20, 2022 Sarah Vogel & Marcelo Mena


 2. WHAT IS CHINA’S COVID ENDGAME?
    
    Apr 13, 2022 Nancy Qian


 3. AVOIDING COVID COMPLACENCY
    
    Apr 7, 2022 José Manuel Barroso


 4. FIXING OUR FAILING FOOD SYSTEMS
    
    Apr 5, 2022 Ndidi Okonkwo Nwuneli & Oliver Camp


SUSTAINABILITY NOW


 1. HOW THE G7 CAN SUPPORT AFRICA’S CLIMATE AGENDA
    
    Apr 20, 2022 Olumide Abimbola & Zainab Usman


 2. WHAT WE NEED FOR LONG-TERM PEACE AND PROSPERITY
    
    Apr 19, 2022 Margaret Kuhlow


 3. THE CARBON PRICE SOLUTION
    
    Apr 13, 2022 Ben Meng & Anne Simpson


 4. HIDDEN CARBON SUBSIDIES WILL DESTROY US
    
    Apr 12, 2022 Jayati Ghosh & Debamanyu Das


INNOVATION & TECHNOLOGY


 1. CBDCS FOR THE PEOPLE
    
    Apr 18, 2022 H.M. Queen Máxima of the Netherlands & Agustín Carstens


 2. BIDEN’S HEALTH MOONSHOT
    
    Mar 29, 2022 Mariana Mazzucato & Travis Whitfill


 3. STARTUP CULTURE GOES GLOBAL
    
    Mar 28, 2022 Michael Spence


 4. THE DIGITAL GOVERNMENT AGENDA NORTH AMERICA NEEDS
    
    Mar 24, 2022 Anne-Marie Slaughter & Alberto Rodriguez Alvarez


CULTURE & SOCIETY


 1. THE FALSE PROMISE OF DEMOCRATIC PEACE
    
    Apr 19, 2022 Robert Skidelsky


 2. CHINA’S ABORTION PROBLEM CAN’T BE REGULATED AWAY
    
    Apr 14, 2022 Yi Fuxian


 3. THE CONTRADICTIONS OF COMPASSION
    
    Apr 5, 2022 Ian Buruma


 4. THE NONHUMAN VICTIMS OF PUTIN’S WAR
    
    Apr 5, 2022 Peter Singer & Oleksandr Todorchuk

BFG Images/Getty Images


THE AFRICAN CENTURY

Africa’s economic rise is a world-changing development, but the sources of its
emerging strength – and lingering weaknesses – are little understood. W…


 1. HOW THE G7 CAN SUPPORT AFRICA’S CLIMATE AGENDA
    
    Apr 20, 2022 Olumide Abimbola & Zainab Usman


 2. AFRICA’S LONG POST-COVID CLIMB
    
    Apr 13, 2022 Hippolyte Fofack


 3. AFRICA'S COUP WAVE
    
    Mar 14, 2022 Rabah Arezki


PRESS RELEASED

Today’s media landscape is littered with landmines: open hostility from
illiberal and autocratic regimes, mounting censorship in countries such as
Hungary, Turkey,…


 1. THE FAILURE OF RUSSIA’S MEDIA ELITE
    
    Apr 8, 2022 Maxim Mironov


 2. HUNGARY’S MANIPULATED ELECTION
    
    Apr 4, 2022 Bálint Magyar & Bálint Madlovics


 3. HOW TO DISRUPT THE FAKE NEWS MARKET
    
    Mar 10, 2022 Mohamed Suliman

Chung Sung-Jun/Getty Images


THE COVID-19 CRISIS

As the COVID-19 crisis escalates, PS commentators assess its implications for
the economy, propose policy responses, and consider what might – and sho…


 1. HOW TO DESIGN A PANDEMIC PREPAREDNESS AND RESPONSE FUND
    
    Apr 20, 2022 Mariana Mazzucato & Alan Donnelly


 2. AFRICA’S LONG POST-COVID CLIMB
    
    Apr 13, 2022 Hippolyte Fofack


 3. WHAT IS CHINA’S COVID ENDGAME?
    
    Apr 13, 2022 Nancy Qian

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