German State Elections send Merkel an Economic Message

henning-147x166

The recent elections in North-Rhine Westphalia (NRW) have produced a great result for the German Social Democratic party (SPD) and a crushing defeat for Angela Merkel’s Christian Democrats (CDU). After a dozen years, and with a vote share of 39.1%, the SPD has re-emerged as the strongest party in Germany’s most populous state. The CDU, on the other hand, [...]

There is no Electoral Dilemma in Greece

monastiriotis_187x176

The result of the Greek elections is no doubt ground-breaking. The collapse of PASOK to its pre-1980 electoral levels, the rise of the far-right to levels unimaginable since the restoration of democracy in 1974, the collapse of the traditional bi-partisanship, the elevation of the left to second place in the popular vote, are all elements [...]

Can Francois Hollande save Greece?

monastiriotis_187x176

Following the result of the first round of the French Presidential elections, it seems that – at last – a new wind is blowing in the European sky. The much sidestepped “growth agenda” is slowly gaining currency in the European political discourse and calls for pro-growth measures, for a European growth strategy and for a reconsideration of [...]

Can Francois Hollande avoid the Euro Train Wreck?

Irvin

At the moment, the Euro Area is stagnating, unemployment is rising and the entire banking system is dangerously fragile – in Nouriel Roubini’s phrase, we are watching a slow motion train wreck. But if the opinion polls are right, Francois Hollande will very soon be President of the French Republic and economic policy in the [...]

US 2012: Why the Buffett Rule Sets the Bar Too Low

robert-reich

Next Monday most Americans will be filing their income taxes for tax year 2011. This year, though, tax day has special significance. If there’s one clear policy contrast between Democrats and Republicans in the 2012 election, it’s whether America’s richest citizens should be paying more. Senate Democrats have scheduled a vote Monday on a minimum [...]

US 2012: The Widening Wealth Divide, and Why We Need a Surtax on the Super Wealthy

robert reich

Let Santorum and Romney duke it out for who will cut taxes on the wealthy the most and shred the public services everyone else depends on. The rest of us ought to be having a serious discussion about a wealth tax. Because if you really want to know what’s happening to the American economy you [...]

Slovakia Turns Left – Interview with Lubos Blaha

gavin rae

The Slovakian left won an historic victory in Saturday’s elections. The party Direction – Social Democracy (SMER – SD), led by former PM Robert Fico, gained 44,41% of the vote, giving them 83 out of the 150 parliamentary seats. Below I reproduce an interview with Dr Lubos Blaha, a Slovakian political scientist who has become an [...]

US 2012: Stop Starving Public Universities and Shrinking the Middle Class

robert reich

Last week Rick Santorum called the President “a snob” for wanting everyone to get a college education (in fact, Obama never actually called for universal college education but only for a year or more of training after high school). Santorum needn’t worry. America is already making it harder for young people of modest means to [...]

US 2012: As Santorum and Romney Battle for the Loony Right, the Rest of Us Should Not Gloat

robert-reich

My father was a Republican for the first 78 years of his life. For the last twenty, he’s been a Democrat (he just celebrated his 98th.) What happened? “They lost me,” he says. They’re losing even more Americans now, as the four remaining GOP candidates seek to out-do one another in their race for the [...]

The GOP’s Big Investors

robert-reich

Have you heard of William Dore, Foster Friess, Sheldon Adelson, Harold Simmons, Peter Thiel, or Bruce Kovner? If not, let me introduce them to you. They’re running for the Republican nomination for president. I know, I know. You think Rick Santorum, Newt Gingrich, Ron Paul, and Mitt Romney are running. They are – but only [...]

A Way out? Redesigning Greek Social Democracy

Giorgios

Greece in all probability will host national elections sometime this April. The elections are necessary because unlike in Italy, in Greece there is no popular support for a technocratic government. The two big parties PASOK and Nea Dimokratia, who currently control two thirds of the seats in the Greek Parliament, are profoundly destabilized. According to [...]

Manufacturing Illusions

robert-reich

Suddenly, manufacturing is back – at least on the election trail. But don’t be fooled. The real issue isn’t how to get manufacturing back. It’s how to get good jobs and good wages back. They aren’t at all the same thing. Republicans have become born-again champions of American manufacturing. This may have something to do [...]