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Donald Trump has finally nominated Kevin Warsh to succeed Jerome Powell as head of the Fed next May. He must be confirmed by the Senate. Warsh has already worked at…
Philippe Waechter's blog
History accelerates even further in 2026
“There are decades when nothing happens, and there are weeks when decades pass.” This quote from Lenin is widely used today, but it aptly summarizes the acceleration of History. History…
The era of ruptures
βWe are in the midst of a rupture, not a transition..β This is Mark Carney’s key message in Davos. In a powerful speech, the Canadian Prime Minister positions himself as…
US industrial policy in search of efficiency
Donald Trumpβs main campaign promise is the relocation of manufacturing to the United States. During the long period of globalization, industrial jobs have shifted to Asia, and China in particular,…
The world is sick, since its temperature does not drop
The global temperature in 2025 was as exceptional as in 2023 and 2024. The average temperature of these three years, at 1.52Β°C, is higher than the Paris Agreement commitment of…
A new world is emerging, Part II, No Turning Back
The break is not yet complete, but a return to the past seems illusory. The reasons that caused the global economic model to shift have not disappeared. Industrial policy remains…
A new world is emerging – Part I
The world took on a Kantian dimension, particularly after the fall of the Berlin Wall. Such a framework validated the primacy of law, economic interdependence, the negotiated and peaceful settlement…
European competitiveness: emergency call
The dynamics of the world can be understood through the balance of power. This is the tragic dimension of history I mentioned yesterday. Within this framework, one can find many…