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To the daily horror of statistics on the infection, on death tolls and exponential developments, the answers that governments try to give at national level, the support packages for jobs and the economy shall not be the only political response. Progressives in governmental responsibility certainly need to act on the...
COVID-19, the global pandemic caused by the Coronavirus, will likely become a defining feature of our age. This is not simply because this global crisis will probably have political, economic, and social repercussions reverberating across all world regions for years to come. It is mainly because these consequences may well...
For all too long, the almost unchallenged consensus about macroeconomic policies was that monetary policy was only for short-term stabilisation and fiscal policy only for balancing budgets. Even the Centre Left had subscribed to this idea. On social standards, a race to the bottom followed, with decreasing investments in health...
Globalisation is not going away, which means that it needs to be reformed and managed in better ways. Progressives need urgently to move into this debate. But lately too many have been drawn towards a fatal embrace of nationalism and have articulated forms of ‘progressive deglobalisation’. These are mistaken moves. We need to turn...
Globalisation is not going away, which means that it needs to be reformed and managed in better ways. Progressives need urgently to move into this debate. But lately too many have been drawn towards a fatal embrace of nationalism and have articulated forms of ‘progressive deglobalisation’. These are mistaken moves. We need to turn...
Globalisation is under fire, because of the social injustices and environmental damage it creates, but even if painful, it still is efficient. De-globalisation would be inefficient and painful. But we have to start with focusing on the right problem, which is not globalisation but capitalism. Globalisation under the conditions of...
The belief in the efficiency of free-trade globalisation is based on abstract microeconomic reasoning disconnected from our real world. From David Ricardo’s comparative advantage and Eli Heckscher and Bertil Ohlin’s neoclassical model to Paul Krugman’s somewhat more realistic new trade theory, micro-reasoning ignores the basic Keynesian insight that the overall...
The persistent gender pay gap is increasingly difficult to explain. In the past, it was mostly due to women’s lower educational qualifications and shorter work experience. Today however, only about a third of the gap is due to women working in lower paid occupations or sectors. As knowledge is empowering,...
Despite years of fighting for equality, women in the EU still earn considerably less than men. One of the reasons is gender pay secrecy. EC President von der Leyen promised to bring forward an initiative on pay transparency, which could be a real game changer. So far however, the results...
Slovakia was ripe for a political change. The era of Prime Minister Robert Fico (2012-2018), which started with a promise of a leftist corrective to liberal economic reforms, as well as the fight against corruption and oligarchic politics, ended with a culturally and politically divided country, threatened by corruption and...