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Recent publications

AI: Texas Discovers the Physical Limits of Compute
In Texas, a waiting list has become larger than the system it is asking to access.

Debt: The New Boundaries of Sustainability
Inside the finance ministry of a low-income country, debt sustainability has long ceased to be a matter of simply adding up what is owed abroad.

Europe: Who Really Pays Brussels?
At the European Parliament, Sarah Knafo gave the European taxpayer a name. His name is Nicolas. His work, she told Ursula von der Leyen, is worth €4,000; he receives €2,000. Then come the fuel tank, heating, electricity and, eventually, European debt. At every stage of the story, Brussels supposedly takes another share of his income.

Adulthood Is Fading
There was a time when being thirty already told a story.

Europe: The End of the Age of Certainties
In Orvieto, the Palazzo del Capitano del Popolo has witnessed enough history to remain largely unmoved by the shifting currents of Italian politics. Yet on September 20, 2026, the scene unfolding inside it reached somewhat beyond Rome. Roberto Vannacci, founder of Futuro Nazionale, was looking towards Alternative für Deutschland. Its programme, he argued, was fairly similar to his own; the two movements had much in common and sat in the same group in the European Parliament.

Russia: The War of Saturation Changes Scale
On the night of September 19–20, Moscow was not simply attacked. It confronted a scale of threat that is gradually changing the geography of the war in Ukraine.

Morocco–Spain: The Trap of Territorial Symmetry
For four years, Rabat and Madrid had managed to achieve something more difficult than reconciliation: they had learned to separate their disputes.

Russia: Washington Turns Energy Sanctions Into Extraterritorial Tariffs
Washington has shifted part of its sanctions policy against Russia onto a much broader terrain: access to the US market.

Defense: Europe Is Starting to Build a Sovereign Alternative to American Command AI
For years, European strategic autonomy was measured in fighter jets, tanks, missiles and satellites.
Editor’s selection

Capital: Those Who Finance the World
The global economy is usually described through those who produce. Companies manufacture, workers work, consumers spend, governments tax and invest, entrepreneurs innovate. We look at factories, technologies, markets, infrastructure and states because that is where economic activity becomes visible.

2050: The World Ahead
By 2050, demography, climate, technology and power will have redrawn the global landscape. This is not a prediction of a fixed future, but an examination of the forces already shaping the world ahead.

The Nuclear Age: The Return of the Atom
Beyond electricity generation, nuclear energy concentrates strategic stakes that are reshaping global power relations. From uranium to reactors, the atom is once again becoming a central instrument of sovereignty.

AI: The New Economy of Power
Artificial intelligence is becoming more than a technology: it is reshaping the distribution of capital, knowledge and strategic influence. A new economy of power is emerging, built on data and computing capacity.

The Space Race : Orbital Control and Systemic Domination
Space is no longer merely a scientific frontier: it is becoming a critical infrastructure of power on Earth. Satellites, communications and defence now place orbital control at the heart of a contest for systemic dominance.

Technology, dependency and sovereignty : do democratic states still govern alone?
Digital infrastructure, platforms, semiconductors and data systems have become essential to public action while remaining largely controlled by private actors.
Analysis by theme
Economics
Macroeconomics, inflation, debt, central banks and economic policy.
22 published articles Latest publicationDebt: The New Boundaries of SustainabilityMarkets
Currencies, commodities, rates, indices and capital flows.
14 published articles Latest publicationThe SEC Opens the U.S. Stock Market to TokenizationGeopolitics
Power politics, diplomacy, sanctions, conflicts and international relations.
21 published articles Latest publicationMorocco–Spain: The Trap of Territorial SymmetryEnergy
Oil, gas, power, critical minerals and energy security.
1 published article Latest publicationThe Nuclear Age: The Return of the AtomTechnology
AI, semiconductors, digital sovereignty, cybersecurity and data.
12 published articles Latest publicationSemiconductors: Washington Now Wants to Bring AI Memory HomePolitics
Institutions, political life, public policy, elections and governance.
11 published articles Latest publicationMorocco–Israel: Behind the Embassies, the SaharaSociety
Social change, demographics, education, labour, migration and cohesion.
16 published articles Latest publicationAdulthood Is FadingDefense & Security
Military affairs, national security, intelligence, cybersecurity, maritime security, defense industries and strategic issues.
7 published articles Latest publicationRussia: The War of Saturation Changes ScaleGlobal
Global dynamics, power relations, economic transformation and transnational issues.
10 published articles Latest publicationRussian Oil: Washington Targets the BuyersCorporate
Companies, governance, strategy, leadership, transactions and organisational transformation.
9 published articles Latest publicationThe Second Balance Sheet of Mass RetailEnvironment & Climate
Climate, biodiversity, natural resources, ecological transition and adaptation policy.
4 published articles Latest publicationUnited States: Carbon Is Leaving the Federal Regulatory FrameworkTrade & Industry
Trade, industry, value chains, industrial policy, competitiveness and sectoral transformation.
12 published articles Latest publicationAI: Texas Discovers the Physical Limits of ComputeAnalysis by region
Africa
African economies, strategic resources, political trajectories, trade, security and regional integration.
Dangote: The Refinery Faces the MarketMiddle East
Energy, security, power rivalries, investment and strategic realignments across the Middle East.
Iran: The Suspended WarEurope
Economics, institutions, public policy, security and strategic transformation across Europe.
UK–EU: Coming Back Without RejoiningNorth America
Economics, politics, trade, technology and strategic transformations across North America.
Mexico: So Close to AmericaLatin America
Economics, resources, regional integration, political transformation and power relations across Latin America and the Caribbean.
Brazil: the Power That Refuses to Choose SidesAsia-Pacific
Economics, trade, technology, security and strategic balances across the Asia-Pacific region.
Vietnam: The Doctrine of GrowthEurasia
Power, resources, infrastructure, security and geopolitical realignments across the Eurasian space.
Eurasia: The Return of the World ContinentSouth Asia
Demography, growth, development, security and strategic rivalries across South Asia.
India: The Rise of a Civilizational Power in a Changing World OrderArctic & Polar Regions
Climate, resources, maritime routes, sovereignty and strategic competition across the Arctic and polar regions.
Greenland: Europe Moves from Aid to StrategyReports and dossiers

China’s Parallel Technology System
Artificial intelligence, semiconductors, batteries, electric vehicles, telecommunications, platforms, drones and robotics: China is no longer seeking merely to manufacture the world’s technologies. It is attempting to master the system that produces them.

Donald J. Trump: America Redefined
Donald Trump represents more than a presidency: he embodies a lasting transformation of political language, institutions and America’s relationship with the world.

Israel: Power Under Pressure
Between domestic divisions and a shifting regional order, Israel’s power are coming under increasing pressure. An analysis of the strengths and vulnerabilities redefining its place in the Middle East.

Russia: Between Imperial Legacy, Strategic Power and the Challenges of the Twenty-First Century

Russia–Ukraine: The War That Reshaped Twenty-First Century Geopolitics

Eurasia: The Return of the World Continent
For much of the twentieth century, geography appeared to have lost much of its explanatory power. The expansion of international trade, the telecommunications revolution, commercial aviation, the Internet, and the financialization of the global economy fostered the belief that distance was gradually becoming irrelevant. Capital moved across borders in milliseconds, goods crossed oceans at ever-lower costs, and production chains stretched across multiple continents. Globalization seemed to herald a world in which physical borders would matter less and less.
Categories
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Debt: The New Boundaries of Sustainability
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Markets
14 published articles Latest publication
The SEC Opens the U.S. Stock Market to Tokenization
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Geopolitics
21 published articles Latest publication
Morocco–Spain: The Trap of Territorial Symmetry
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Energy
1 published article Latest publication
The Nuclear Age: The Return of the Atom
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Technology
12 published articles Latest publication
Semiconductors: Washington Now Wants to Bring AI Memory Home
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Politics
11 published articles Latest publication
Morocco–Israel: Behind the Embassies, the Sahara
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Society
16 published articles Latest publication
Adulthood Is Fading
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Defense & Security
7 published articles Latest publication
Russia: The War of Saturation Changes Scale
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Global
10 published articles Latest publication
Russian Oil: Washington Targets the Buyers
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Reports and Studies
9 published articles Latest publication
Europe: The End of the Age of Certainties
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Corporate
9 published articles Latest publication
The Second Balance Sheet of Mass Retail
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Environment & Climate
4 published articles Latest publication
United States: Carbon Is Leaving the Federal Regulatory Framework
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Trade & Industry
12 published articles Latest publication
AI: Texas Discovers the Physical Limits of Compute
Explore category
-
Africa
15 published articles Latest publication
Dangote: The Refinery Faces the Market
Explore category
-
Middle East
8 published articles Latest publication
Iran: The Suspended War
Explore category
-
Europe
9 published articles Latest publication
UK–EU: Coming Back Without Rejoining
Explore category
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North America
3 published articles Latest publication
Mexico: So Close to America
Explore category
-
Latin America
3 published articles Latest publication
Brazil: the Power That Refuses to Choose Sides
Explore category
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Asia-Pacific
7 published articles Latest publication
Vietnam: The Doctrine of Growth
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Eurasia
1 published article Latest publication
Eurasia: The Return of the World Continent
Explore category
-
South Asia
1 published article Latest publication
India: The Rise of a Civilizational Power in a Changing World Order
Explore category
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Arctic & Polar Regions
2 published articles Latest publication
Greenland: Europe Moves from Aid to Strategy
Explore category
Methodology
Public sources, dating, separation between facts, interpretation and scenarios.
- Traceable sources
- Facts and interpretations distinguished
- Uncertainty made explicit
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