Democracy Must Prevail, Always
Diversity is desirable in human affairs, as in nature. Most countries strive toward economic and political diversification. Economic diversification is a way of escaping dependence
Year: 2017
Britain’s Surprising Election: Austerity And Inequality Make For Angry And Unpredictable Voters
After the Brexit vote in June 2016 was followed by the unexpected victory of Donald Trump in November, an emerging theme amongst the commentariat was
Theresa May’s Other Citizens of Nowhere
British Prime Minister Theresa May has, of her own volition, stripped her Conservative Party of its governing parliamentary majority by calling an early election. If
The Case For An Investment State
The case for an Investment State rests with three propositions: The first is the diminishing credibility of the Welfare State. Flourishing mid-20th century, it has
Europe’s Shrinking Middle Class
The Great Recession depressed real income levels across European countries. But the impact was very unequal across countries and income groups. Countries in the European
Immigration And Economic Growth: Is Keynes Back?
There is something very strange going on in the current debate on refugee immigration. There is a lot of alarmist talk about youth gang criminality,
Brexit Talks Should Be Postponed
The UK government has agreed with its EU partners to start Brexit negotiations today (June 19), with an all-day timetable starting at 0900 GMT and
Angela Merkel’s Challenge To Europe
German Chancellor Angela Merkel has never been regarded as an especially inspiring orator. In fact, she has a reputation for gently talking her audiences to
Understanding Today’s Stagnation
Ever since the ‘Great Recession’ of 2007-2009, the world’s major central banks have kept short-term interest rates at near-zero levels. In the United States, even
New Brussels Reforms: Path To More Austerity For Italy
New reforms for the Eurozone are in sight, ready to be implemented in the short term by taking advantage of the stronger than expected European
A Brexit Strategy For A Weak UK Government
As Prime Minister Theresa May seeks to form a new government, following an election in which her Conservative Party lost its parliamentary majority, she knows
Understanding The Digital Revolution And What It Means
The digital revolution, used here as shorthand for broader technological change, is one of today’s most hotly debated topics in politics, economics and business. It
The Human Economy: Creating Decent Livelihoods In Digital Capitalism
Ever since the Second Industrial Revolution petered out, global capitalism has faced a demand crisis. If you think that all we need now is to
Has The OECD Joined The Campaign For Higher Wages?
Weak wages produce a weak recovery Trade unions tend to see wages not as a factor of competitiveness but as an engine that drives demand,
The Eurozone’s Hidden Strength
For years, the eurozone has been perceived as a disaster area, with discussions of the monetary union’s future often centered on a possible breakup. When
Choosing An Ambitious Social Europe Via A Euro-dividend
One month ago, following a public consultation involving more than 16,500 participants drawn from civil society, the European Commission made public its reflection on the
The Macron Method
Emmanuel Macron’s election to the French presidency provides the European Union with an opportunity to move past the internal conflicts that have hastened its disintegration.