India is witnessing nation-wide protests. According to media reports, at least two dozen people have been killed, and even though rallies have been forbidden in many places, people are still taking to the streets to express their anger about a law reform that discriminates against Muslims. They want India's secular constitution to be upheld.
Britons will elect a new parliament on Thursday, and I find it strange that the public hardly seems to be aware of what is probably the greatest risk of Boris Johnson's Conservatives winning a majority in parliament: He seems to be the kind of prime minister you can only vote for once because he'll do whatever he can in his first term to change the rules in ways to entrench himself in power for decades to come.
As I argued in a blog post last week, the climate crisis is increasingly marking economies around the world. Least developed countries, such as Mozambique or Bangladesh, are probably most exposed, but California with its wildfires is increasingly becoming symbolic. Yes, I agree, people in poor countries deserve more attention for their suffering than they are getting, and global media have a tendency of paying too much attention to rich nations. What may be more important, however, is that central banks and other policymaking bodies must pay attention to growing environmental hazards.
Global environmental change is a cause of investors’ much bemoaned uncertainty – but economists don’t pay this trend adequate attention. Global heating and the loss of biodiversity do not lend themselves to standard modelling.
The London-based magazine The Economist still believes there are two different Narendra Modis, and hopes that India’s prime minister will finally live up to his reformer image, backing away from authoritarian Hindu supremacism. The depressing truth is that his track record already reveals who he really is: a divisive right-wing populist. The Economist is guilty of wishful thinking because it fails to consider properly the aggressive ideology that marks the political network that created Modi.
We mourn the death of our colleague Humphrey Nkonde. Regular readers of our Nowadays column will remember him. His reports from the Zambian town of Ndola conveyed a lively picture of day-to-day reality in the region.
The current Brexit drama is a good reason to consider how the EU became what it is. Closer scrutiny shows that its history is more complex than generally believed. Accordingly, the British government is finding it more difficult to leave the EU than was anticipated in the Brexit referendum in 2016.