Tag archive for ‘Globalization’
Keynes and Social Democracy
For decades, Keynesianism was associated with social democratic big-government policies. But John Maynard Keynes’s relationship with social democracy is complex. Although he was an architect of core components of social democratic policy – particularly its emphasis on maintaining full employment – he did not subscribe to other key social democratic objectives, such as public ownership [...]
New World Order? The Aftermath of the Financial Crisis
The financial crash of 2008 rocked the foundations of the global economy. Banks went bust, many countries almost followed suit. But just how big was the crisis? And what will its long-term effects be? Andrew Gamble takes a look at the worldwide implications of the credit crunch. The crash of 2008 is already recognised as [...]
Discussion on “Bankers: The real Terrorists?”
Social Europe Chief Editor Stephen Haseler took part in a discussion with Jagdish Bhagwati (Columbia University) and Peter Ghavami (Troika Dialogue Investment Bank) on Russia Today’s Crosstalk programme discussing the subject: “Bankers: The real Terrorists?” Apart from the rather strange title it was a lively discussion.
The Copenhagen Failure shows: There is no effective Global Politics!
In the early hours of this morning the news of the failure of the Copenhagen summit on climate change hit the news wires. I won’t repeat the individual disappointments as the papers will be full of it today. But I would like to comment on the political implications of this disaster. It shows that there [...]
Reconnecting Power and Politics
Social democrats need to reassert the protective power of the state – this time through global institutions. Ten years ago Gerhard Schröder declared that: ‘economic policy is neither left not right. It is either good or bad’. Today we can conclude that this was a self-fulfilling prophecy. Then, eleven out of fifteen governments of the [...]
After the Crisis – Business as ususal?
More and more indicators seem to suggest that as the economic crisis becomes milder (at least for now), politics and economics are moving back to business as usual. The banks are back to big profits and the bankers back to big bonuses. No more talk about the near collapse of only a few months ago. [...]
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 [...]
