The 20th century’s international order, which installed the United States, Europe and Japan in dominant positions, is ending. New powers are emerging to challenge a system arranged within the framework of U.S. and European multilateralism. Transitional processes necessarily breed chaos and uncertainty. This is the global situation to which our economies and political systems must adapt.
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GameStop and the future of financial markets
The story of what happened with GameStop shares in January is simple: certain investors made the wrong bet and lost. The market worked just as it should have. Regulators and many established financial players do not see it that way, though. Already, they are working together, using the episode to distort the market and strengthen their own positions.