debating progressive politics in Europe and beyond
In the last four weeks, I have traveled to Sofia, Kuala Lumpur, Dubai, London, Milan, Frankfurt, Berlin, Paris, Beijing, Tokyo, Istanbul, and throughout the United States. As a result, the myriad challenges facing the global economy were never far away. In Europe, the tail risk of a eurozone break-up and a loss of market access [...]
For the past decades of economic globalisation, unions around the world have been on the defensive; their role as voices of the political and economic interests of working people has been marginalised. In a climate of outsourcing, offshoring, flexibilisation and casualisation of work, the loss of union power and the deregulation of labour markets has [...]
What will the world look like two decades from now? Obviously, nobody knows, but some things are more likely than others. Companies and governments have to make informed guesses, because some of their investments today will last longer than 20 years. In December, the United States National Intelligence Council (NIC) published its guess: Global Trends 2030: [...]
The United States Federal Reserve’s decision to undertake a third round of quantitative easing, or QE3, has raised three important questions. Will QE3 jump-start America’s anemic economic growth? Will it lead to a persistent increase in risky assets, especially in US and other global equity markets? Finally, will its effects on GDP growth and equity [...]
Recent indications of a weakening global economy have led many people to wonder how pervasive poor economic performance will be in the coming years. Are we facing a long global slump, or possibly even a depression? A fundamental problem in forecasting nowadays is that the ultimate causes of the slowdown are really psychological and sociological, [...]
Dark, lowering financial and economic clouds are, it seems, rolling in from every direction: the eurozone, the United States, China, and elsewhere. Indeed, the global economy in 2013 could be a very difficult environment in which to find shelter. For starters, the eurozone crisis is worsening, as the euro remains too strong, front-loaded fiscal austerity [...]
The reality is more complex than a simple story of social democracy in inevitable decline. On the face of it these are testing times for left-of-centre, social-democratic movements in Europe. The results of the June 2009 European parliamentary elections served to stress the point that in spite of the economic meltdown, social-democratic parties have been [...]
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