Tag: Financial crisis

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

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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

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Trial and error in pandemic times

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.

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