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Olaf Scholz resurrected Germany’s Social Democrats – what are the lessons for progressives elsewhere?

After a decade and a half in the political wilderness, German Social Democrats (the SPD) made a dramatic comeback in Sunday’s election and have the opportunity to define Social Democracy for the 21st century. Now the largest party in the Bundestag, they are strongly favoured by voters to form the next government. Their resurgence is […]

COP26 needs to be about the redistribution of material wealth!

For this year’s COP26 conference in Glasgow on climate change, the host, the UK and its partner, Italy, have put the focus on an ambitious increase of the efforts to bring emissions down, on strengthening the adaptation to the impacts of climate change, on mobilising finance for climate action, and on enhancing international collaboration. With […]

Reforming the financial structure of ‘small-buffers’ capitalism

We live in an advanced form of what the US economist Hyman Minsky had termed ‘money manager capitalism’ 25 years ago. Today, the dominant role played by the captains of industry in the area of industrial capitalism falls to the money managers in charge of hedge funds and pension funds. By identifying this new incarnation […]