We track the political forces reshaping Western governance and translate them into intelligence that capital can act on.
Our primary subject is national populism — the wave of democratic nationalist movements that have been rewriting the terms of governance in the United States, the United Kingdom, France, Hungary, Poland, and beyond since roughly 2016. We were early to this thesis. We have spent twenty years building the relationships inside these movements that make our analysis different in kind, not just in quality, from what the established firms produce.
But we are not a single-subject shop. The same curiosity and contrarianism that produced our core thesis makes us useful partners on questions that don’t fit existing categories — on trade architectures, generational shifts, emerging governance crises, and the questions our clients bring to us that they haven’t been able to get answered elsewhere.
Our offering is genuine intellectual partnerhip on the questions that move markets. We are available to think. That is, finally, the service.