The drift to illiberal Pop-Nat – populist nationalist – politics in Europe continues. Across the Atlantic Donald Trump exemplifies Pop-Nat politics. There is no sign that the grip of Orban-Kaczynski…
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Branko Milanovic sets out an agenda for global progressives in the 21st century.
New inequality – From the start, policy responses to the 2008 financial crisis were colored by memories and interpretations of the Great Depression. The conventional wisdom now holds that the…
Without large-scale joint debt and deeper safe-asset markets, the euro cannot capitalise on Trump’s assault on dollar credibility.
Without anyone quite noticing, Europe’s internal balance of power has been shifting. Germany’s dominant position, which has seemed absolute since the 2008 financial crisis, is gradually weakening – with far-reaching…
A key element of Trump’s political success has been his masquerade of being pro-worker, which includes posturing as anti-globalization. However, his true economic interest is the exact opposite. That creates…
Populisms and Technocracies: mastering the art of evoking fears In Europe, home to one of the most ambitious political and institutional experiments in recent history, the European Union, populist movements…
History provides many examples of authoritarian rule achieved through formally democratic procedures. To these we should add the EU Treaty on Stability, Coordination and Governance (TSCG, also known as the…
Who runs the European Union? On the eve of Germany’s general election, that is a very timely question. One standard reply is, “The EU’s member states” – all 28 of…
The failure to provide for risk-sharing in the eurozone architecture has sustained chronic mistrust, reflected in sovereign spreads.
Branko Milanovic contends that last week’s US-convened Summit for Democracy could only exacerbate geopolitical divides.
At a conference in Berlin on 29 June, the German Finance Minister, Wolfgang Schäuble, when asked about the situation of Deutsche Bank, said he was more concerned with the situation…
After a very long and rather Kafkaesque election night in Hungary, FIDESZ secured a victory for a third term of governing with a two-thirds majority. After eight years in government,…
Throughout most of our electronic exchanges we tackle the issue of the “self” as such, and its “production” as such, concentrating on the features all selves and all cases of…
Ten years after the collapse of Lehman Brothers people are frequently asking themselves why the crisis has done so much to strengthen populism and nationalism everywhere you go. However, economically…
The idea that social-democratic parties should accommodate anti-immigrant sentiment is not only misguided but empirically wrong.
Soon after the newly elected Austrian government was formed as a coalition of the conservatives and the far right in December 2017, an appeal to boycott the far right Austrian…