Category: Next Economy

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

Read More »

Fighting precarity: a paradigm shift from equality-in-prosperity to solidarity-in-wellbeing

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

Read More »

Tax agenda for a fair recovery

The year of 2020 brought us a pandemic and the most severe economic shock of our lives. Notwithstanding, while facing both challenges, member states were still able to come together and find joint ways to address the health crisis and to deliver on a recovery package, designed to relaunch our economy. The European Union showed,

Read More »

Radically transforming the EU economy – and how to finance it

The Covid-19 pandemic has revealed a simple truth: today’s model of globalised, financialised capitalism, teetering on a shaky foundation of vast debts and costly credit, cannot deliver human well-being. In order to reverse the course, a safe ecological load has to be fixed – a ‘Plimsoll line’, like the white line on vessels that shows

Read More »

The time for a U-turn towards social and environmental justice is now

The time for adjustments and tinkering is over. Well before the ongoing Covid-19 crisis, inequalities and social injustice had mounted in most Western countries to a point where they produced widespread resentment and triggered an ‘authoritarian dynamic’: a rejection of diversity, a call for sanctioning outlying behaviour and for building walls to defend closed communities.

Read More »
Edificio abandonado

The revenge of the ‘places that don’t matter’

Populism is on the rise all over the developed world. In many parts of Europe, populist parties have seen their share of votes multiply in recent years. The analysis of these movements often concentrates on the motivations of individual voters. But one crucial factor has largely remained under the radar: the long-term economic decline of

Read More »

What digital future for what Social Democracy?

Nothing reveals the existential crisis of the Social Democratic model quite like its inability to get a grip on today’s digital society. To reinvigorate itself and society, Social Democracy must embrace a new ambitious project that would not only reveal the true costs and vulnerabilities of neoliberal empowerment (where global digital capitalism is perceived as

Read More »
Scroll to Top