The value of art, like other assets, is falling as inflation and interest rates rise. China in particular is in a debt-deflationary trap. In Ann Pettifor’s substack.
Ahmet Öncü, T.Sabri Öncü: Climate crisis, global debt, and the Fermi paradox – a proposal to the IMF
There is no doubt that carbon transition will require large government intervention and spending, and the IMF can help the governments of the developing countries finance some of this spending. Read here
UNDP: Fossil fuel subsidies reform could limit climate change while tackling global inequalities. Here’s how
The world is spending billions of dollars on fossil fuels subsidies while hundreds of millions of people live in poverty. Priorities must shift if we want humanity to survive. Read here