Tag archive for ‘economic crisis’
The Future of Social Democracy
In spite of their rhetoric, the right’s solutions to the crisis will lead to ordinary people paying the costs.
This past year has been overshadowed by the dark clouds of economic crisis. Ordinary people have taken many hard knocks. Unemployment is rising. Businesses are going bust. Homes have been repossessed. Pensions have been decimated by stock [...]
Six Things that didn’t cause the Crisis – But really ought to have
Experts, soothsayers and pundits have been falling over themselves to list the factors that combined to produce the worst economic downturn since the Great Depression. (My ha’penny’s worth is here). A partial consensus has emerged on some issues (excessive deregulation of the financial sector, current account imbalances) while debate continues to rage on others (such [...]
The Rollercoaster of EU Politics
It’s time to take our seats on the thrilling rollercoaster ride that is European Union politics. The next three months will be one long white knuckle ride with political careers being made, broken and in some cases smashed to smithereens. By Christmas the EU could be forging ahead with new dynamism and confidence or it [...]
What is the Point of Economists?
The FT is asking an interesting question:
“Why did no one see the crisis coming?” Queen Elizabeth asked last year. “A failure of the collective imagination of many bright people” who were all “doing their job properly on its own merit”, was the answer many of those bright people gave in a letter to the Queen [...]
The European Parliament’s temporary Committee on the Economic Crisis – What happened?
The chairmen and chairwomen of the committees of the new European Parliament have recently been decided and one new position has struck my attention in particular. I am sorry to start this blog with a critical entry, but I simply don’t think it’s a good idea that a member of the German liberal party FDP [...]
The New Politics of Globalisation
The world is suffering from the most severe economic breakdown in decades and the international political community, under the umbrella of the G20 and the UN, is working feverishly to mitigate the hardest consequences of the downturn. But the political management of the crisis must not only focus on the tackling of economic issues and [...]
The Dawn of a New Era: Social Democracy after the Financial Crisis
A new era is dawning. The financial crisis of 2008 is not the end of capitalism. Capitalism dates back to the Medici revolution, which invented modern banking, but since then it has gone through many different regimes and articulations. The 2008 crisis marks the end of the Reagan-Thatcher counter-revolution. Neoliberalism and monetarism are dead. Even [...]
