Governments should ignore siren warnings that only hyperinflation can come from pandemic-induced investments.
Tax wars have so far denied the EU the unanimity required to stop the race to the bottom on corporation tax.
If procyclical domestic policies inflated Ireland’s economic bubble, procyclical austerity demanded by the troika which bailed it out makes Ireland’s recovery all the more remarkable.
Ireland’s volatile economic path of recent decades has wider European policy implications. Part one: the ‘Celtic Tiger’ and its demise
In the first part of his analysis Paul Sweeney pointed to a variety of causes behind the decline of social democracy over the past 30 years or more. In this second part he looks at wider economic and social trends since the 2008 crisis, including the ever-widening gap between rich and poor and growth in […]
Introduction Social Democracy (SD) has been the most powerful political force in Europe since the Second World War. It turned the nation state into the welfare state. Its politics built the welfare state and healthcare systems in West European countries. Along with conservatism it was one of the twin pillars of European democracy. Conservatism too […]
Brussels has been accused of “bending the rules” in its pursuit of Apple for €13 billion in taxes it says should have been paid in Ireland. But in truth it is the multinationals and their corporate lawyers and accountants who have twisted the rules on taxation almost out of existence. The tax system had been […]
It is widely agreed that globalisation has brought immense benefits. But it is also recognised that these benefits are not equally distributed. Last week’s Apple decision demonstrates the complexity of the issue of distributing the benefits of globalisation. The Irish Government, faced with a windfall of some €13 billion, appears to have sided with the […]
The aggressive tax avoidance by multinational corporations (MNCs) where they are now paying virtually no tax was highlighted recently by the takeover of “Irish” company Allergan by Pfizer in a blatant tax-avoidance move. Such tax avoidance by these companies is facilitated by sovereign nations in their “tax wars” between each other, vying for foreign investment. They […]
People are insecure. Young people worry about getting a decent job, finding a secure home and having to pay off the vast debts run up in the decade of uber-liberal economic policies of European governments to 2007. Elderly people worry about their security in old age, access to decent health care, about their children getting […]
The day the Troika came to town was a dark day for the Irish. Troika is a Russian word meaning a sled drawn by three horses or a dance. For the Irish people it was both a dance, but to a grating, dissonant tune, and like being pulled in three directions by the horses. The […]