Last week, we showed how Venezuela's collapse compares with other historic economic tailspins. This week we look at a particular aspect of it: how prices for ordinary goods like coffee, cigarettes, beer, and arepas have soared in recent years.

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U.S. President Donald Trump speaks at the Resolute Desk before signing an executive order on vehicle repairs in the Oval Office at the White House on June 29, 2026 in Washington, D.C.
Samuel Corum/Sipa USA

What, exactly, is the Trump administration thinking? A well-worn question finds fresh fodder this week as the White House prepares to impose a sweeping new set of tariffs on Brazil. Again.

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In this “ask ian,” Ian Bremmer argues that the debate over whether the United States or China will lead artificial intelligence is overshadowing a more important question: who will govern a technology advancing faster than governments can regulate?