US economy mired in viral stagnation loop
The travails of the US economy come amid a politics never so poisonous since the civil war.
A European Union climate agenda for COP26
The EU should bring a new climate agenda to Glasgow—including a roadmap for emerging nations to embrace a future beyond fossil fuels.
Unpacking supreme courts to restore checks and balances
Democracy is threatened by politicisation of constitutional courts. Unorthodox tactics are required to restore their role.
The superiority of codetermination
The United States should learn from the better performance of European companies which have worker representation on boards.
What European Democracies Can Teach America
Amid authoritarian and illiberal forces buffeting social democracies, it is helpful to renew appreciation for their political architectures, especially the central role developed over a century and a half for the principle of proportional representation (PR). Its absence is one factor responsible for the poor quality of American democracy documented in Billionaire Democracy. In contrast […]
Fake News And The Fairness Doctrine
Fake news in America’s public square is a failure of its information marketplace. Remediation should occur through enhanced marketplace competition, not government censorship. I have argued that the quality of democracy is lower in America than in much of Europe. It lacks co-determination, for instance, which is why US wages stagnate even as inflation-adjusted wages […]
Codetermination Enters The American Political Debate
Three senators have introduced unprecedented legislation mandating that employee representatives must comprise one-third of Boards of Directors at publicly-listed US corporations. Upgraded corporate governance with codetermination is an unfamiliar concept to most Americans. Its appearance acknowledges the weakness of conventional tools to end wage stagnation. And it reflects frustration by Democratic senators Tammy Baldwin, Elizabeth […]
Social Media Platforms Should Tell The Truth
The high quality democracies of northern Europe are an unnatural construct, history teaching us that the universal default setting of human society is authoritarianism. There are many key elements in crafting and sustaining such high quality democracies, including engendering a common body of trusted information, a communitarian spirit, the rule of law and the like. […]
American Democracy Sold To The Highest Bidder
Aristotle measured the quality of democracy by the extent to which politics constrains the economically powerful, allowing the preferences of the landless to be reflected in public policy. According to a new analysis, American democracy gets a failing grade on Aristotle’s test while the countries of northern Europe are star pupils. Path-breaking recent research has […]
Trump: Reaganomics Redux
It’s wages, stupid! Analysts are pondering why millions of the same voters who favored President Obama in 2008 and (less enthusiastically) in 2012 pivoted to favor his antithesis, Donald Trump, in 2016. Economic frustration centered on stagnant wages is mostly the answer, reflected in a generalized desire for “change” expressed by 39 percent of voters […]
Why US Democrats Must Derail Republican Party Nationalist Populism With Economic Populism
The Republican presidential aspirant nominated at this summer’s convention is likely to become that party’s nominee in part by invoking jingoist and xenophobic themes drawn from the playbooks of eastern European authoritarians. Miloš Zeman, the Czech President asserts, for example, “I do not want Islam in the Czech Republic.” And Hungarian premier Viktor Orbán has […]
Labor Day: Good Time To Readdress Pay And Collective Bargaining
President Obama has belatedly awakened to the plight of America’s middle class whose economic fate is dependent almost entirely on wages. Taking a lead from his predecessors since Ronald Reagan, Obama proved indifferent during much of his first term to the deterioration in the collective bargaining position of employees at US workplaces – the key […]
