Saturday, October 10, 2026

Dangers of Extrapolation

Demographic “doomsday” misses the mark
https://www.science.org/doi/10.1126/science.ael8752
A dire prediction published in Science in 1960 anticipated a population singularity in 2026—we are not even close.
 
JAVIER A. BIRCHENALL:
The failure of the doomsday equation is ultimately a cautionary tale about the dangers of extrapolating from historically exceptional circumstances with lessons that extend well beyond demography. The looming threats of technological singularities are not exempt from similar misreadings. Without dismissing the transformative potential of artificial intelligence, it is crucial to remember that extrapolating current scaling laws indefinitely would make explosive or superexponential growth appear an inevitable law of technological evolution rather than a property of the time period during which those laws are observed. 

Reconsidering "The End of History and the Last Man"

Fukuyama, Thiel, and the Revenge of the Last Man
https://www.project-syndicate.org/onpoint/how-peter-thiel-turned-liberalism-against-itself-by-benn-steil-2026-10
In his new memoir, Francis Fukuyama attempts to redeem his thesis about the end of history. But Peter Thiel’s ongoing quest to escape government oversight and wrest control of the future from democratic majorities makes a mockery of his argument all over again.

He Warned That the End of History Could Be Rough. Maybe Now People Will Listen.
https://www.nytimes.com/2026/08/31/books/review/francis-fukuyama-in-the-realm-of-the-last-man-end-of-history.html
Francis Fukuyama’s famous take on the post-Cold War world was widely misunderstood. In a new memoir, he tries to set the record straight. 

Too Many Eggs in the AI Basket?

The world of one trade — AI
https://www.ft.com/content/3f54c442-c2b7-4876-a960-5229951c9a46
Investor portfolios have become alarmingly reliant on the fortunes of just one bet on the build-out of an uncertain technology. 
 
AI borrowing slows as investors grow wary of debt binge
https://www.ft.com/content/9c13d40e-d2b2-45d5-921c-a68cd4b308f9 

Shifting Fortunes - EM versus DM Debt

Development Finance

Development Finance Needs More Than One Currency
https://www.project-syndicate.org/commentary/chinese-renminbi-lending-developing-countries-by-justin-yifu-lin-and-yan-wang-2026-10
For many developing countries, renminbi-denominated loans offer a credible, increasingly accessible, and cost-effective alternative to borrowing in dollars. Now that the stability and predictability of US economic policies and institutions are in question, the Chinese currency is becoming more attractive.
 
Rating Africa on Its Own Terms
https://www.project-syndicate.org/commentary/new-africa-credit-rating-agency-could-mark-turning-point-for-the-continent-by-hannah-wanjie-ryder-2026-10
For decades, African countries' borrowing costs have been largely determined by major credit-rating agencies whose methods overlook key features of these economies' institutions and markets. The new Africa Credit Rating Agency could mark a turning point, challenging how the continent’s credit risk is graded and priced.
 
African governments launch rating agency to challenge global ‘big three’
https://www.ft.com/content/7811d98a-7693-4596-a0f8-7329ed293116
AfCRA aims to end ‘Africa premium’ that policymakers say has been imposed by Moody’s, S&P Global and Fitch Ratings.