We unpick the concept of a universal basic income (UBI) and why the idea of the state giving money with no strings attached to all of its citizens is finding support from both the left and the right of the … Continue reading ECON+ Podcast Episode Five – Universal Basic Income
We examine what’s gone wrong with capitalist systems around the world. Does capitalism always lead to crony capitalism? Is neoliberalism to blame for the rise of crony capitalism? Should monopolies exist? Continue reading ECON+ Podcast Episode Four: Failures of Capitalism
Photo credit: © Chrisdorney | Dreamstime.com – Clinton V Trump US Election Photo In this first episode of the ECON+ podcast, we discuss what might happen to the U.S. economy under Hillary Clinton or Donald Trump and the likely impact on … Continue reading ECON+ Podcast: US presidential election
A pertinent reminder that financial crises tend to share similar features, yet we keep on repeating the mistakes of the past A seemingly endless number of post-crisis studies have been released in recent years. These have ranged in format, from accessible feature films (J.C. Chandor’s Margin Call) to documentaries (Michael Moore’s Capitalism: A Love Story) to a heap of books, some academic (This Time Is Different by Carmen Reinhart and Kenneth Rogoff) and others targeted at a slightly wider audience (Andrew Ross Sorkin’s Too Big to Fail, Michael Lewis’s The Big Short on which the recent film of the same … Continue reading Film review: Boom Bust Boom
By Pedro Sousa As we examine the state of the global economy, information suggests we are in an era of very limited growth. Larry Summers might be right in describing this as “secular stagnation“. Does this mean we are facing economic crisis in 2016? Maybe not, but the global economy is vulnerable. Nowadays, most OECD governments don’t have the financial muscle to kickstart their economies towards higher growth. Plus, as we have seen within the EU, there is a lack of political union to agree to put more money into the economy. Lack of economic governance is hindering the potential … Continue reading Crisis or not?
By Luisa Porritt Global growth disappointed last year, and market sentiment is being driven by fears it will remain weak or even weaken through 2016. The factors worrying stock market investors are hardly new. For years there has been talk of China suffering from a hard landing, and its transition from a manufacturing-based economy to one that is services oriented is now becoming apparent. Markets are figuring out how to price that shift in and to what extent this will continue to impact global demand. Part of the uncertainty will be around timing: how long will this process take? What … Continue reading Crisis or not?