The Don’s new world order


The world this week

  • Politics


Leaders

The end of the post-1945 order

Donald Trump has begun a mafia-like struggle for global power

But the new rules do not suit America

The return of inheritocracy

Inheriting is becoming nearly as important as working

More wealth means more money for baby-boomers to pass on. That is dangerous for capitalism and society

Friedrich Merz speaks at an election campaign event in Darmstadt, Germany, on February 20th 2025

Move fast and break things 

Germany’s election victor must ditch its debt rules—immediately

Friedrich Merz has weeks to shore up his country’s defences 

Prabowo Subianto reacts to supporters from a car as he leaves his residence in Jakarta, Indonesia on February 14th 2024

The man who would be Musk

Prabowo Subianto takes a chainsaw to Indonesia’s budget

The result? More money for the president’s boondoggles


Letters

On America’s defence spending, the Exxon Valdez, the Oxford-Cambridge Arc, scams, Latin, TikTok

Letters to the editor


By Invitation


Briefing

An illustration depicting a player holding a wild card and a pair of Aces, while Trump sits anxiously on the other side of the table.

Gangster’s paradise

The transactional world Donald Trump seeks would harm not help America

Ukraine, Gaza and China will all test his self-interested approach to diplomacy


Economic & financial indicators


Obituary