Alexandru Georgescu

Economist, Research Fellow with the EURISC Foundation, studying geopolitics, international security issues and critical infrastructure protection, currently in a Ph.D. research program on the latter subject

Habemus POTUS!

Alexandru Georgescu

No. 50, Nov.-Dec. 2024 After a decisive showdown that defied our expectations regarding the use of legal battles and allegations of fraud, Donald Trump emerged victorious in the US presidential race, becoming the second President of the United States (POTUS) to take a break between terms. The outcome was an anti-climax, as the vote went the way many polls and betting markets had predicted, with Trump winning by a clear popular and electoral college majority that could not easily be challenged. The financial disparities between the two candidates in favour of the Democrats could not compensate for Trump’s ability to communicate freely and charismatically with the crowd, and the Democrats failed to fully utilize the new campaign weapon, the political podcast, which surpasses traditional media in terms of audience. I don’t know if we can hope that this experience will make the Democratic Party rethink its flirtation with identitarian and economic extremism, or the way it let party cabals play games in removing Biden (who would have been a better presidential candidate) and selecting Harris, but Donald Trump managed to win record support from minorities and improve his score in absolutely all American counties. Kamala Harris has not managed to surpass Biden’s performance anywhere. But what will happen from 2025 on the external front? Will we witness a new Pax Americana or will the pessimism of the elites in the Euro-American mainstream come true? More

Behind the Reaction and Counter-Reaction in the Middle East

Alexandru Georgescu

No. 49, Sep.-Oct. 2024 The US announcement of an imminent Iranian attack on Israel has sparked fears of a long-awaited escalation to open warfare in the Middle East. However, that attack was similar in size and intensity to the one in April 2024, came at a time of day when casualties were minimized, and was calibrated not to pose very great challenges to Israel’s layered missile defense system, assisted by American and, it seems, British forces. More

Tim vs Jim: The Vice Presidential Debate Was the Revelation of the Election Season

Alexandru Georgescu

No. 49, Sep.-Oct. 2024 On October 1^st 2024, the debate between the vice-presidential candidates in the US election campaign took place. The event is important as part of the American democratic ritual that legitimizes the process by which a historically large and diverse but now also divided people accept a leader for a very powerful unified executive position. After two decades of continual delegitimization of American Presidents for tactical reasons of political infighting, the ritual has become even more important, as can be seen from the exuberance of the national conventions of the political parties and the unifying language that is used. More

The October Surprises Came Early

Alexandru Georgescu

No. 48, Jul.-Aug. 2024 In American politics, there is talk of the “October surprise”, an event that precipitates a spectacular reversal of the situation just before the presidential elections at the beginning of November, having the potential to radically change the outcome of the elections. After a prelude to the presidential race on autopilot, in which President Biden and former President Trump avoided primary debates and were their parties’ presumptive nominees with few expected surprises, July brought shocking events on both sides, that may change the course of the elections. Firstly, the June 26 early presidential debate precipitated a crisis of confidence in Joe Biden. Later, on the one hand, we have the assassination attempt against Donald Trump, resulting in one of the most powerful political images in modern history and precipitating a crisis of confidence in key organizations and a new Republican populist radicalization. On the other hand, Joe Biden announced, just a month before the Democratic National Convention that would have confirmed him as the candidate of the Party he leads for the American Presidency, that he is withdrawing from a role of candidate that he has tenaciously held onto and that he supports Kamala Harris as his successor. Donald Trump, meanwhile, picked a campaign partner with ideological weight as a promise to his supporters about his second-term commitment to the populist causes he launched but rarely followed through on. There are still more than three months until election night, and after such an inauspicious start to the real presidential campaign, we should not be surprised that the “October surprises” may keep on coming. More

Russia and China: The Limits of the Unlimited Partnership Have Not Been Reached Yet

Alexandru Georgescu

No. 47, May-Jun. 2024 The relationship between Russia and China is an important subject of debate for the West in the context of the war in Ukraine and of the invaluable support which China gives to Russia in order to hold its ground against the Western sanctions and to continue the fight against Ukraine. The two countries are, also, engaged in an ample project of organising the Global South and the major emerging economies (plus important non-aligned actors such as the United Arab Emirates and nominal US allies like Saudi Arabia) in structures parallel to the ones supposedly dominated by the West, capable of producing alternate governance models which mark the transition towards multipolarity. Under such conditions, could Western commentators hope for a moderate/-ing Chinese influence on Russia’s actions in Ukraine or for an eventual split between these two powers? More

Sound and Fury, Signifying Nothing, in the US Elections

Alexandru Georgescu

No. 46, Mar.-Apr. 2024 The 2024 U.S. presidential election will play a pivotal role in determining the strategic direction to be taken by the United States of America. In any event short of a quick decline, the U.S. will remain the most active and multivalent superpower in the world, even in a multipolar paradigm. If for nothing else, then for its willingness and ability to subsidise its key partners’ security, as well as freedom of navigation and the Global Institutions which have, among other things, facilitated China and other revisionist actors’ ascent and development. Combined with the already decades-long ongoing and bipartisan tendency of power accumulation under the “Unified American Executive”, to the detriment of the U.S. Congress, the American elections would have already been of a crucial worldwide importance. Therefore, the Super Tuesday electoral marathon was closely analysed in the hopes that it could signal a “sea change” in the primary elections of the two parties, especially of the Republicans. Instead, the hopeful noises made by the national and global observers have proven to be in vain, as there was neither an out-of-nowhere spoiler contestant nor a consensus by the party camarillas to remove the aging gerontocrats of American politics. The electoral configuration for November 2024 seems to be that of Biden versus Trump, Biden being accompanied by Kamala Harris, while Trump is still keeping the vice-president seat empty in order to negotiate with certain ideological factions or owners of political machines in his favour. Donald Trump’s favourability indexes look very good and he appears to be the leading candidate in the race as long as the sequential legal challenges he faces won’t succeed in creating a precedent leading to the downfall of a favourite presidential candidate. The situation is further complicated by the fact that the apparent persecution of Trump appears to augment his support among the Republicans and independents, not to mention that voters who are motivated by a candidate’s “respectability” have not yet had enough reason to abandon him. From this standpoint, the Democrats who put forward lawfare options for “doing away with a danger to the Republic” appear to be “playing with fire”. More

The West’s Own Goal on Energy

Alexandru Georgescu

No. 45, Jan.-Feb. 2024 The various World Economic Forum reports speak of poly-crises and perma-crises, which act as powerful stressors on our societies. Their effect has been visible in the area of energy, which is fundamental for the effective functioning of our economic, social and political lives. The effects of the American invasions in the Middle East and the civil wars that broke out after the so-called Arab Spring (including the emergence of Daesh, the so-called Islamic State) have proven that an increasingly integrated global energy system is also prone to cascading effects as a result of crises in demand, supply or risk perception. In recent years, we have seen the effects of the pandemic, resulting in a shrinking and then increase in energy demand, and the war in Ukraine (and sanctions against Russia) had significant effects on perceptions of security of supply and markets. We may soon see an impact from Houthi rebel attacks on energy shipping traffic through the Gulf of Aden, much of it aimed at Europe. Disturbances in the global energy markets increase the prices of almost all products, implicitly also increase inflation, lower living standards, bury companies, especially in energy-intensive fields or with fossil fuels as inputs and often strategic (metallurgy, petrochemicals, arms industry). However, not all of these effects can be attributed to exogenous shocks. They are also the result of a mix of ideology, special interest groups, civil society organizations, which have pushed many Western countries towards counterproductive energy policies, including for the desired reduction of carbon emissions (decarbonization), which have ended up exacerbating energy insecurity in the West. Especially in the case of Europe, the recurring crises in the field of supply, sustainability, and accessibility of energy for large consumers will sharpen trends of Western deindustrialization. There will be four ripple effects – a reduced competitiveness of Europe on the global stage, the economic stagnation of Western Europe after 2008 (with small exceptions such as the Netherlands or the Nordics) becoming chronic, the vulnerability of the Energy Union (resulting in more frequent blackouts) and an inability of Europe to rise to challenges such as the production of munitions and other war materials. From Romania’s perspective, even if we will not face supply crises, we will suffer secondary effects of the economic weakness of our main economic partners. Also, as we have not yet seen a country that becomes developed in conditions of high energy access costs, we can ask the question whether Romania and other Eastern countries will be able to enter the club of the developed after the limits catch-up growth will be reached, and countries will face middle income traps, which can produce long-term economic stagnation. More

Biden Throws His Hat in the Ring

Alexandru Georgescu

No. 45, Jan.-Feb. 2024 President Joe Biden recently announced his intention to run for a second term as President. His detractors mocked him for a message that was both alarmist and emotional, as well as for the fact that it had been pre-recorded and scripted, like most of the media appearances of the oldest American leader. However, the Biden Campaign cannot be underestimated. Despite its weaknesses, potential legal hurdles, and questionable performances, the Democratic Party will rally behind him as the only notable candidate capable of defeating Trump or a Trumpist successor like DeSantis. More

The Trump Storm

Alexandru Georgescu

2022 and 2023 saw a large number of suits brought against Trump, some of them legally and others still in the court of public opinion, from where his critics hope they will move into the courthouse. These cover a bewildering array of charges, ranging from rape to defamation to campaign finance fraud, and from improper use and storage of classified materials to insurrection. What are the charges? Trump has been charged with 34 counts of falsifying documents related to payments made to women with whom he had sexual affairs in order to buy their silence. The main woman involved was the porn actress Stormy Daniels, whose case has been discussed since the beginning of Trump's tenure. The payments were made by Trump's lawyer, Michael Cohen, and were reimbursed from Trump organization funds marked as legal expenses. Normally, such actions, however disgraceful, would constitute a misdemeanor for which Trump would be fined, but Cohen was also well-positioned in Trump's campaign, and a visionary prosecutor made him declare, as part of Cohen's 2018 agreement with authorities regarding his personal financial crimes, that those payments represented a campaign contribution because Stormy Daniels' silence and the silence of the rest of Trump's “harem” facilitated his election as President, not just savi More

Azimuth, Romania

Octavian-Dragomir Jora, Alexandru Georgescu

The political-economic phrase “regional cooperation mechanisms” is dry enough that it brings in tow a serene attitude, which neither Romania’s voluptuous imaginaries, nor its immanent vicinities seem to pan out. Central and Eastern Europe, extruding towards the South East – the softly symbolic geographical notion which includes Romania –, has always possessed a lively geopolitical tectonic, prone to extremely brutal outbursts and worldmaking shifts (i.e., featuring as some hotspot for the two world wars), and a latent geoeconomic magnetism too (i.e., due to its fine resource pools and in spite of its dire infrastructures). These traits have remained somehow unchanged for centuries, only to be recurrently re-evaluated. More

Year 0 A.D. (after Vilnius)

Alexandru Georgescu

The NATO Summit in Vilnius on 11-12 July 2023 produced some of the expected results. It reaffirmed the Alliance’s support for Ukraine, and continued the work to coordinate investment in the industrial capacity needed to supply Ukraine in this war of attrition and to ensure the Alliance’s ability to defend itself in the event of conflict. However, Ukraine has not received a clear invitation or roadmap to join NATO, following opposition from the US and Germany, who shy away from direct escalation with Russia and the assumption of a territorial defense obligation that would be triggered the second the accession treaty is signed. Most significant was President Erdogan’s surprise announcement of his approval of Sweden’s entry into the Alliance, shortly after the unrealistic demand he made of resuming Turkey’s EU accession talks. President Erdogan’s unpredictability is due both to his own agenda of advancing Turkey’s regional power and specific security interests and to the recent electoral reconfirmation of his mandate to “make Turkey great again.” It remains to be seen whether Sweden will receive confirmation in the autumn, as Erdogan has indicated. Also, the presence for the second year in a row of the AP4 group (Japan, South Korea, Australia, and New Zealand) indicates both the Indo-Pacific direction in which the US would prefer to take NATO and the growing role of the group, especially of South Korea, in the military supply of the Alliance, especially its European partners. More

The Geopolitics of Artificial Intelligence Regulation

Alexandru Georgescu

Artificial intelligence (AI) has the potential to be what Edison said about electricity - "it is a field of fields... that holds the secret to reorganizing the life of the world". Artificial intelligence, at all of its levels of complexity, is a technology with a radical impact on the global economy and security. AI solutions can be integrated into industrial robots as well as military robots, can become defenders as well as cyber attackers far more agile than human experts, can analyze information to uncover threats but also to violate the rights and the privacy of individuals, as well as to create discrimination or amplify social and political polarization. More than any other technology, artificial intelligence illustrates the dualism of emerging technologies and the need for cooperation, regulation and sustainable adoption of these technologies while maintaining the resilience and values of their respective societies. More