Culture at the heart of the economic system
Here is a column written in mid-August 2025. I paid tribute to Joel Mokyr who has just received the Nobel Prize in Economics along with Philippe Aghion and Peter Howitt.…
Philippe Waechter's blog
The United States in the Chinese trap
China has sparked hostilities over Trump’s trade policy. Donald Trump’s tariff policy was expected to increase inflation slightly, and this is the case, even if it is not spectacular. The…
Is France in crisis ?
Yes, the French economy is in crisis. Not because its activity is collapsing, nor because its inflation rate is too high. The French economy is in crisis because it lacks…
The Geopolitics and the Stablecoin
The other geopolitical dimension of American tech is monetary. The rise and appeal of cryptocurrencies have been reinforced by Trump’s arrival in the White House, as evidenced by a January…
New Geopolitics – The Role of Tech
The second dimension is that of American Tech, a leader in Western countries. The vision of Tech is ambivalent. As individuals, we are all consumers, whether personally or professionally. On…
The New Geopolitics – Part 2
Faced with a more competitive environment, the United States has sought to secure its partners. This approach has seemed brutal, particularly in trade negotiations since Donald Trump’s return to the…
The New Geopolitics – Part 1
The political reshaping of the world is taking shape day by day. The bilateral negotiations initiated by Donald Trump, the Shanghai meeting with Xi Jing Ping, and the alliance, over…
Multilateralism in bad shape
The vocal transcription is via an IA International cooperation has been the catalyst for the long period of growth of recent decades. Multilateralism, which is its measure, has been exercised…