Blockchain isn’t about democracy and decentralisation – it’s about greed | Nouriel Roubini

Cryptocurrencies such as bitcoin result in the concentration of wealth, not greater equalityWith the value of bitcoin having fallen by about 70% since its peak late last year, the mother of all bubbles has now gone bust. More generally, cryptocurrencie…

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The US-China trade war is unlikely to be settled soon | Nils Pratley

Trump needs a quick result but is unlikely to get one without drawing in other nationsJack Ma’s prediction that the US-China trade war could last 20 years sounds plausible. At the very least, the Alibaba billionaire’s opening analysis is surely correct…

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Cryptocurrencies have a mysterious allure – but are they just a fad? | Robert Shiller

Attempts to reinvent money such as bitcoin often create excitement, but achieve littleThe cryptocurrency revolution, which started with bitcoin in 2009, claims to be inventing new kinds of money. There are now nearly 2,000 cryptocurrencies, and million…

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Market power wielded by US tech giants concerns IMF chief

Christine Lagarde feels ‘too much concentration in hands of the few’ does not help economyThe head of the International Monetary Fund, Christine Lagarde, has expressed concern about the market power wielded by the US technology giants and called for mo…

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