Wage inequality is on the rise, pushed by technological change, globalisation and trade, and institutional deregulation. It is a problem of fairness. But inequality itself also has negative effects on the economy as a whole. Increasingly, this inequality can be traced back to companies and pay setting. Companies increasingly differ in their productivity and revenue. […]
EU trade
If progressive European political parties are to achieve both relevance and electoral success, a paradigm shift is required: away from Social Democracy’s attachment to financialised globalisation. If they aim to defeat nationalism, and to end the cycle of debt inflations and deflations on one side and trade wars on the other, it is not only […]
There has been an idea doing the rounds in the UK (which is now on its last legs) that German industry will ensure, via Chancellor Angela Merkel’s clout in EU decision making, favourable Brexit conditions for the UK. But this argument doesn’t hold water partly because it is not unclear what these conditions would entail […]