Supporting a conversion to wood burning has unwittingly incentivised power plants to increase greenhouse gases.
The travails of the US economy come amid a politics never so poisonous since the civil war.
The EU should bring a new climate agenda to Glasgow—including a roadmap for emerging nations to embrace a future beyond fossil fuels.
Democracy is threatened by politicisation of constitutional courts. Unorthodox tactics are required to restore their role.
The United States should learn from the better performance of European companies which have worker representation on boards.
Amid authoritarian and illiberal forces buffeting social democracies, it is helpful to renew appreciation for their political architectures, especially the central role developed over a century and a half for the principle of proportional representation (PR). Its absence is one factor responsible for the poor quality of American democracy documented in Billionaire Democracy. In contrast […]
Fake news in America’s public square is a failure of its information marketplace. Remediation should occur through enhanced marketplace competition, not government censorship. I have argued that the quality of democracy is lower in America than in much of Europe. It lacks co-determination, for instance, which is why US wages stagnate even as inflation-adjusted wages […]
Three senators have introduced unprecedented legislation mandating that employee representatives must comprise one-third of Boards of Directors at publicly-listed US corporations. Upgraded corporate governance with codetermination is an unfamiliar concept to most Americans. Its appearance acknowledges the weakness of conventional tools to end wage stagnation. And it reflects frustration by Democratic senators Tammy Baldwin, Elizabeth […]
The high quality democracies of northern Europe are an unnatural construct, history teaching us that the universal default setting of human society is authoritarianism. There are many key elements in crafting and sustaining such high quality democracies, including engendering a common body of trusted information, a communitarian spirit, the rule of law and the like. […]
Aristotle measured the quality of democracy by the extent to which politics constrains the economically powerful, allowing the preferences of the landless to be reflected in public policy. According to a new analysis, American democracy gets a failing grade on Aristotle’s test while the countries of northern Europe are star pupils. Path-breaking recent research has […]
It’s wages, stupid! Analysts are pondering why millions of the same voters who favored President Obama in 2008 and (less enthusiastically) in 2012 pivoted to favor his antithesis, Donald Trump, in 2016. Economic frustration centered on stagnant wages is mostly the answer, reflected in a generalized desire for “change” expressed by 39 percent of voters […]
The Republican presidential aspirant nominated at this summer’s convention is likely to become that party’s nominee in part by invoking jingoist and xenophobic themes drawn from the playbooks of eastern European authoritarians. Miloš Zeman, the Czech President asserts, for example, “I do not want Islam in the Czech Republic.” And Hungarian premier Viktor Orbán has […]
President Obama has belatedly awakened to the plight of America’s middle class whose economic fate is dependent almost entirely on wages. Taking a lead from his predecessors since Ronald Reagan, Obama proved indifferent during much of his first term to the deterioration in the collective bargaining position of employees at US workplaces – the key […]
Corporations are at the center of market fundamentalist capitalism practiced in the UK and US. Yet, in contrast to northern Europe, they are only weakly embedded in their communities, insufficiently attuned to the aspirations and needs of the wider stakeholder community. Rather than government diktats, the solution is cultural changes whereby inspired societal norms produce […]
Stagnant wages have robbed the American middle class of opportunity. Wage compression is why fewer Americans now believe they are middle class; remarkably, the share of Americans who self-identify as below-middle class has risen 60 percent since 2008 to near equivalence in size with those identifying as middle class. Horatio Alger has emigrated to Australia […]
Obama is Leaving Economic Inequality for his Successors to Fix President Obama is emulating former President James Buchanan. His economic agenda is to kick the can down the road, leaving his successors an America of widening economic inequality without prospect of remediation. The Obama Presidency is facing the most toxic, polarized environment since the antebellum […]
While France and Britain cooperate on multiple fronts, the Cameron government is not above using its neighbor as a political foil. Grant Shapps, conservative party chairman opined in January 2014 that French President Hollande had “led his countrymen back into the dust” which is “exactly what [Labour leader] Miliband wants to do with the British […]