The climate change talks in Doha have come to a predictably acrimonious conclusion. As well as the baffling technical, economic and scientific challenges involved, the diplomatic deadlock throws up a fascinating question of political philosophy – do the citizens of one country have responsibilities to people in other parts of the world? If so, what are they? Internationalists might respond that we should have equal obligations to all human-beings. But, as a matter of fact, that is not how practical politics or human emotions work. Most people are willing to do much more for the people who are closest to them: family and neighbours. They also usually feel more willing to help compatriots than people on the other side of the world. They might, however, feel some obligation, or desire, to help people in far-off places. But how far do those obligations stretch?
Those questions lie at the heart of a fascinating new academic enterprise, pioneered by Hakan Altinay, a Turkish academic. I come across a lot of schemes to improve the world. But Altinay’s efforts to promote the idea of a “global civics” is one do-gooding idea that might actually really do some good. Read more
Perhaps the only item of proper concrete news on Tuesday from the G20 in Mexico was that Canada (along with Mexico, announced yesterday) will be invited to join the nine-member Trans-Pacific Partnership (TPP) trade deal, writes Alan Beattie. Read more
A new lease of life in an old idea? The EU and the US are talking about some kind of bilateral trade agreement – as, to be fair, they have been for about the past 20 years. This time, so the optimistic argument goes, it is helped along by the fact that almost no-one can be bothered to pretend that the Doha round is alive any more, thus neutralising the criticism that the two biggest trading powers are stitching up deals between themselves and undermining the multilateral system.
The problem with the deal, though, as USTR Ron Kirk recently hinted, is that the Europeans want to go for a comprehensive deal covering as many sectors as possible. US business groups privately have similar worries about the overoptimistic views of their European counterparts. Read more
By Esther Bintliff and Claire Jones in London, with contributions from FT editors and writers in Davos. All times GMT.
18.49 That’s it for today’s live blog.
The eurozone crisis and income inequality remained the key issues on day 2.
What’s in store for delegates this evening?
For those that still have the stamina to tackle the big issues, there’s a panel on what will emerge as the new European identity in the 21stcentury, and another discussion with no fewer than eight Nobel laureates on the state of the world.
For those looking for a little light relief, Paulo Coelho talks on the art of storytelling.
Join us tomorrow from 07.30 for day 3 of Davos.
18.45 The FT’s banking editor Patrick Jenkins spoke to Jamie Dimon, the straight-talking chief executive of JPMorgan, this afternoon. Mr Dimon revealed that the US bank had considered pulling its operations in the eurozone’s more troubled member states. Here are a selection of the best quotes. Read more