Edward Hadas is a former economics editor at Reuters Breakingviews and also worked at the Financial Times as assistant editor of the Lex column. Before becoming a journalist, he worked for 23 years as an equity analyst in Europe and the United States. He has written a book, "Human Good, Economic Evils: A Moral Approach to the Dismal Science" (ISI Books, 2007), and is a visiting senior fellow in the School of Management and Social Sciences at St. Mary's University, London. Edward has degrees from Columbia University, Wadham College, Oxford and the State University of New York at Binghamton.
The web needs watchdogs, and they need guidelines. Make internet operations a privilege, not a right. Replace neutrality with a duty of care. Keep big data within strict limits. Provide ample honest information. These ideas will make the internet less profitable, but much better.
Global growth predictions for 2019 are sinking. There are one-offs, like trade tensions, but larger trends are also at play. Demographics, undercounted new technological gains and China’s middle-income blues all drag down the numbers. The GDP errors carry big risks for debtors.
Some U.S. politicians want to extract much more money from the topmost sliver of the population. This would amount to collecting an underpaid social debt and restoring a tarnished social contract, without much economic risk. And higher taxes now might prevent a revolution later.