South Africa’s collapsing railway company is a cautionary tale
A “developmental state” is less useful than keeping the lights on and trains running
The global financial crisis of 2007-09 showed that huge bombs had been placed in the rich world’s banking systems and capital markets. If one blew up, as Lehman Brothers did, it could send a blast wave through the rest of the economy.
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This article appeared in the Leaders section of the print edition under the headline “Arresting development”
From the January 21st 2023 edition
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How to make a success of peace talks with Vladimir Putin
The key is robust security guarantees for Ukrainians
Javier Milei: “My contempt for the state is infinite”
Argentina’s president is idolised by the Trumpian right. They should get to know him better
Donald Trump’s threats of tariffs will do harm, even if he does not impose them
The risk of a trade war is uncomfortably high
Peace in Lebanon is just a start
Donald Trump must build on Joe Biden’s belated success
From Nixon to China, to Trump to Tehran
Iran is weak. For America’s next president that creates an opportunity
Too many master’s courses are expensive and flaky
Governments should help postgraduates get a better deal