We stand at a pivotal point in history – one that contains the opportunity to replace the equality-in-prosperity formula of progressive politics with a new one: solidarity-in-wellbeing. For the past 100 years, the critique of capitalism has centred on unfair distributive outcomes (economic inequality), as well as the damage that consumerism and the commitment to […]
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 […]
Some social federalists are disappointed: the Social Summit in Porto was downgraded to little more than a series of workshops, Angela Merkel only appeared online, the final declaration was tepid and the full endorsement of the European Commission’s Action Plan has been delayed to the June session of the European Council. However, there are reasons […]
Resentment and realisation can take many forms. Have the different generations learnt anything from the pandemic? Will we change the way we look at life and our relationships after Covid-19? It is the first year of university for my nineteen-year-old son. No face-to-face tuition, freshers’ week, parties, or club meetings. Hard to meet new people […]
Trial and error was also observed in the great financial crisis that devastated Europe a decade ago. As soon as the first signs of a public debt crisis emerged inside the Euro area, the parade of bad ideas began.