D+C Newsletter

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What is on our editor-in-chief’s mind.

No, Narendra Modi is no liberal reformer

Western business papers have a stubborn, but misleading tendency of portraying India’s Prime Minister Narendra Modi as a liberal reformer who unfortunately happens to have some authoritarian tendencies. It is actually the other way round. He is an authoritarian leader who has never shown much interest in market dynamics, but does have a tendency of pandering to powerful corporate interests.

US democracy is still in danger

The news from the US state of Virginia is bad. Glenn Youngkin, the Republican candidate, has been elected governor. The problem is he has neither disowned former president Donald Trump nor the insurgents who stormed the Capitol in Washington in January. His campaign, moreover, exploited racist sentiments. As I will explain, his triumph shows once more that US democracy is indeed in trouble - and that has harmful impacts on global governance.

IMF executive board re-endorses Georgieva

Kristalina Georgieva is staying on as the top leader of the International Monetary Fund (IMF). The executive board expressed confidence in her early this week. Because of a scandal dating back to her time at the World Bank, her tenure had been in doubt. In my eyes, she is at most guilty of minor sins and deserves to stay at the helm of the IMF.

Stop blaming victims for western failure in Afghanistan

The western-led military intervention has suffered defeat. Opinion pieces in various German media keep reiterating that it was a mistake to try to build a modern democracy in a society which is, the authors state, marked by “mediaeval traditions” and “tribal attitudes”. This narrative is self-serving because it avoids even mentioning the serious flaws that marked western engagement in Afghanistan. It is also condescending because it blames failure on the victims, the Afghan people. As editor-in-chief, Hans Dembowski has been observing the conflict for two decades and he now concedes that two crucial issues are still not well understood in western countries.

Why taxes beat philanthropy

Since the marriage of Bill and Melinda Gates has gone sour, they are breaking up. First, they said they will keep running their eponymous foundation together, but now they are not so sure anymore.

Anti-racists’ two-front struggle

Two kinds of news stories have recently been proving that Black people are still exposed to serious racism in the USA in 2021. First, Republicans in many states are changing voting laws in ways designed to reduce the participation of minorities in elections. Second, police violence against people of colour keeps occurring. In this context, the history of racist ideas is most relevant – and a Black scholar published a book on the matter in 2016. This article summarise some of his conclusions.