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The cusp of a new era?

SYDNEY There are some decades when only a year’s worth of change happens, and some years when a decade’s worth of change happens. The past three years, marked by the COVID-19 pandemic, Russia’s invasion of Ukraine, and a full-blown cost-of-living crisis, all playing out against a backdrop of heightened geopolitical tensions, certainly feels like the latter. Indeed, it ....

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50 years since the end of the Bretton Woods monetary system

The decision by President Nixon to close the gold window shattered the international monetary system that had formed a key foundation of the postwar capitalist order. ....

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