The Latest Breaking News from Eduardo Porter

Social democracy is the answer.

Why didn’t Mexico implode? That may be one of the biggest economic mysteries left in the wake of COVID-19. Mexicans weathered a disproportionate blow: By the first anniversary of the pandemic, Mexico had suffered the second highest rate of excess death in the world, trailing only Armenia.

The global financial crisis of 2008 dealt a blow to thousands of Indian laborers. They were set to join hundreds of thousands of compatriots providing the workforce for a construction boom in Dubai. Then the world economy spasmed, the price of oil tanked and international finance dried up. Hundreds of…

Who bears the burden of immigration? Governors Greg Abbott of Texas and Ron DeSantis of Florida have made much of their claim that their jurisdictions do so disproportionately, and those run by Democrats obviously do not.

President Joe Biden is going to spend several hundred billion dollars to cancel the debts of millions of college students. This big outlay will probably bolster his standing among graduates in the up-to-$125,000-a-year salary range who populate the deep-blue voting grounds of urban America.