Konstantin Sonin: Making sense of Russia's war economy

Also, in PS Quarterly, Zongyuan Zoe Liu explains how decarbonization and climate security have been integrated into China's broader agenda. [View this message in a web browser]( OCTOBER 4, 2024 This week in PS Longer Reads, Konstantin Sonin, a professor at the University of Chicago Harris School of Public Policy, explains the apparent resilience of growth and employment in Russia in the face of increasingly tight sanctions. [Read now](. And in PS Quarterly, Zongyuan Zoe Liu, a China studies fellow at the Council on Foreign Relations, explains how decarbonization and climate security have been integrated into the Chinese government’s broader agenda. [Read now](. [PS Longer Reads: Making Sense of Russia's War Economy]( [Making Sense of Russia's War Economy]( By Konstantin Sonin Despite the apparent resilience of Russia's economy, Vladimir Putin’s full-scale war against Ukraine comes at a high economic cost. Not only does it require today’s Russians to live a worse life than they otherwise would have done; it also condemns future generations to the same. [Read more]( [PS Quarterly: China’s Climate Balancing Act]( [China’s Climate Balancing Act]( By Zongyuan Zoe Liu The Chinese government knows that balancing decarbonization, domestic economic and social stability, and its global aspirations will remain a formidable challenge in the years ahead. But it also recognizes that pursuing climate security represents an economic, social, and political opportunity. [Read more]( [PS. Subscribe now to access the latest issue of our magazine, PS Quarterly: The Climate Crucible.]( [PS Longer Reads: Escaping the New Gilded Age]( [Escaping the New Gilded Age]( By Daron Acemoglu In an America where wealth has increasingly become the primary source of social status, billionaires are viewed as entrepreneurial geniuses who exhibit unique levels of creativity, courage, foresight, and expertise on a wide range of topics. Yet it should be obvious that wealth is a poor metric for wisdom. [Read more]( [Facebook]( [Twitter]( [LinkedIn]( Project Syndicate publishes and provides, on a not-for-profit basis, original commentary by the world's leading thinkers to more than 500 media outlets in over 150 countries. Receipt of this newsletter does not guarantee rights to re-publish any of its content. Secure exclusive rights to PS content [here](. Interested in advertising opportunities? Email sponsorship@project-syndicate.org. This newsletter is a service of [Project Syndicate](. [Change your newsletter preferences](. Follow us on [Facebook]( [Twitter]( and [YouTube](. © Project Syndicate, all rights reserved. [Unsubscribe from all newsletters](.