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Tag Archives: Market Creating

The Brexit-Trump Syndrome: it’s the economics, stupid

The Brexit-Trump Syndrome: it’s the economics, stupid

The election of Donald Trump, and the Brexit vote in the UK, have both been widely interpreted as a revolt of the economically ‘left behind’: a protest by working class voters at the impact of globalisation on their jobs and living standards. In neither case is this the whole explanation: in both the UK and US, plenty of people on higher incomes and in wealthy areas voted for the insurgent movement. But there can be little doubt that in Michigan and Merthr Tydfil, South Carolina and Sunderland, the disaffection of people on below-average incomes drove the outcome. more

STATE VS. MARKETS: A MISLEADING DICHOTOMY

STATE VS. MARKETS: A MISLEADING DICHOTOMY

The debate about the relative roles of the state and the market in capitalist economies tends to swing from side to side in the hearts and minds of public opinion: periods when the state is defended for its role in economic development are always superseded by an attack on its intervention into ‘well functioning’ markets. It has been like this throughout the twentieth century. And it is what has happened since the most recent global financial crisis and economic recession: a brief period right after its outbreak, when there was consensus that the state had a key role to play in both saving the banks and using fiscal policy to promote growth, was quickly apprehended more

The Future of the BBC: the BBC as Market Shaper and Creator

The Future of the BBC: the BBC as Market Shaper and Creator

At the heart of the government’s green paper on the future of the BBC is an implicit accusation that the broadcaster is ‘crowding out’ the market through the scale and quality of its services. The BBC is accused of (potentially) ‘stealing’ audience from private broadcasters, diminishing potential income from advertising (or subscription) and, consequently, private investments. If the BBC is to be blamed for ‘crowding more

Chine: les vraies questions à se poser

Chine: les vraies questions à se poser

“Devons-nous nous inquiéter de ce qui se passe en Chine? La croissance de la principale économie émergente est-elle en panne ? Ou bien le récent ralentissement économique et la dévaluation de la monnaie ne sont-ils que de simples remous?” This article was first published on the front page of La Repubblica on August 21, 2015.… more

La ricchezza giusta per la sinistra

La ricchezza giusta per la sinistra

“Una teoria sulle ragioni della sconfitta del Partito laburista alle elezioni britanniche comincia a prendere piede. Ma è una teoria sbagliata. Per quelli che basano le loro previsioni sui sondaggi, il risultato è stato una sorpresa.” PDF more