Ep.15 - 2023: return of the Leviathan

"2023 was the year in which the State regained control of economic policy with so-called de-risking: a risk reduction strategy by which the West wishes to move away from reliance on the Chinese market in strategic sectors such as technology and renewable energy. Some of the crises have since subsided. The central banks have proven that they can manage the growth of inflation and they can contain the earthquake that we saw in March with the fall of Silicon Valley Bank. Other emergencies, however, are still ongoing: such as the wars in Ukraine and the Middle East. And so, 2024 is gearing up to be the ground for several open issues, first of all the effects of de-risking which could be limited or revised, or even extended to services as well, as an end to the liberal economic recipes of the last four decades."