The fragmentation of the world
In the week following the start of the conflict in Iran, economic issues resurfaced. Energy prices rose sharply, reminiscent of the surge seen during Russia’s invasion of Ukraine. The risk…
Philippe Waechter's blog
The question of sovereignty
Global interdependence creates vulnerabilities, as the post-pandemic period clearly demonstrates. States seek to mitigate these vulnerabilities, while at the same time, citizens want to regain control over decisions that affect…
Conflict, Energy and Inflation
The Middle East conflict between Israel and the United States on one side and Iran on the other has caused energy prices to surge. Everyone then recalled what happened in…
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
“We are in the midst of a rupture, not a transition..” This is Mark Carney’s key message in Davos. In a powerful speech, the Canadian Prime Minister positions himself as…
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…
The economy is also tragic, anything is possible
Everyone has been making predictions for 2026. Drawing comparisons, sketching patterns, developing logical and rational arguments… For a long time, especially after the fall of the Berlin Wall in November…