The Renewal of Social Democracy and Basic Values: by Henning Meyer

social democracy

In the wake of the pan-European search for a new social democratic vision, the discussion about social democratic basic values and their meaning for today’s politics has taken centre stage again. What are social democratic basic values and have social democratic parties betrayed them in government? Or, even worse, have they been lost altogether? If [...]

Economics in the Crisis: by Paul Krugman

economics

To say the obvious: we’re now in the fourth year of a truly nightmarish economic crisis. I like to think that I was more prepared than most for the possibility that such a thing might happen; developments in Asia in the late 1990s badly shook my faith in the widely accepted proposition that events like [...]

There is an Alternative! How Spain could pursue expansionary Policies: by Vicente Navarro

spain

A widely held belief in political circles of the left is that a country, like Spain, cannot follow expansionist policies on its own. It is said over and over again that unless the entire EU or, at least, the Eurozone expands, one country cannot do it alone. This was indeed the position of the Zapatero [...]

Merkel’s Autobahn to Disaster: by Stefan Collignon

autobahn

The Euro crisis may soon be over. This is what German Finance Minister Schäuble thinks and his view is finding an echo among a growing community in the financial markets. But is it true? For Chancellor Merkel and her followers, we are experiencing a debt crisis caused by irresponsible fiscal policies. Their remedy is therefore [...]

From the American Century to a Cosmopolitan Order: by David Held

world

‘9/11’ is a term known across the world.  The notion of the ‘war on terror’ reached across continents.  ‘Sub-prime markets’ was a concept of the few before it became widely understood as a trigger of the global financial crisis.  Weather patterns in southern Africa used to be understood as an act of God; they are [...]

The London Riots – On Consumerism coming Home to Roost: by Zygmunt Bauman

riots

These are not hunger or bread riots. These are riots of defective and disqualified consumers. Revolutions are not staple products of social inequality; but minefields are. Minefields are areas filled with randomly scattered explosives: one can be pretty sure that some of them, some time, will explode – but one can’t say with any degree [...]

The Ideological Crisis of Western Capitalism: by Joseph Stiglitz

capitalism

Just a few years ago, a powerful ideology – the belief in free and unfettered markets – brought the world to the brink of ruin. Even in its hey-day, from the early 1980’s until 2007, American-style deregulated capitalism brought greater material well-being only to the very richest in the richest country of the world. Indeed, [...]

Does Inequality matter in Rich Societies? by Colin Crouch

society

The latest twist in the eternal debate over equality is the position currently adopted by neo-liberal politicians and expressed particularly clearly by the British Labour Party’s former prime minister, Tony Blair. In a rich society, it is argued, the great majority (say the top 80-85% of the income and wealth distribution) is materially so well [...]

The Health Impact Fund: Enduring Innovation Incentives for Cost-effective Health Gains: by Thomas Pogge

health-fund

Humanity spends over 500 billion euros on medicines each year, some 1¼ percent of world income. Is this money well spent? Data for answering this question are sparse. While new medicines must pass through elaborate clinical trials before they are allowed on the market, there is very little systematic study of their subsequent use and [...]