politics, economy and employment & labour
The future of social democracy has been a perennial debate but the coronavirus crisis has provided a shock: progressive politics will not be the same again.
What the US central bank has been doing to address the coronavirus crisis is precisely what is needed to tackle climate change.
The coronavirus may be indiscriminate but health inequality means that while all humans are vulnerable, some are more vulnerable than others.
Human rights, including social and economic rights, may seem to some a luxury during a crisis. But that is when they are needed most.
It may not have been thought of as an antidote to the coronavirus but collective bargaining is protecting workers’ health and security against its ravages.
The Eurogroup’s decision to reject corona bonds will leave destabilising political scars.
The Eurogroup needed a highest-common-factor agreement to match the coronavirus crisis but intergovernmentalism left it with the lowest common denominator.
Eurobonds are needed to anchor macroeconomic stability and offer a safe path out of the coronavirus storm.
By Einstein’s purported definition, madness would be repeating the errors of the eurozone crisis and expecting a different outcome—eurobonds would break with that.
After the 2008 financial crisis, we learned the hard way what happens when governments flood the economy with unconditional liquidity, rather than laying the foundation for a sustainable and inclusive recovery.
If the European project is to survive it requires a plan on the scale of Roosevelt’s New Deal.
The same socially oriented approach must be taken to defeat the coronavirus and, over the longer run, stop climate catastrophe.
