Spotlight on Geopolitics

Archives for neoliberalism

The 2014 annual gathering of the world’s business and financial elite in Davos was initially supposed to consider major issues of our time, such as inequality and climate change. I say consider and not debate because one cannot rationally expect a serious discussion of possible ways to tackle inequality at a conference which reunites its… » read more

Posted by Florian Pantazi

Not the Clintons Again !

Joe Klein of Time Magazine has recently published an editorial about the Clintons’ renewed presidential ambitions. (“The Clintons need a restart“, Time, September 9, 2013, p.21). According to him, there is a real danger for the Democrats – not to mention for the rest of us – that coming 2016 H. Clinton might just get… » read more

Posted by Florian Pantazi

Every few decades or so we are brutally reminded that the global economic system can experience serious dysfunctions and that the science called upon to find the necessary remedies is rarely, if ever, up to the task. The latest controversies among economists regarding austerity policies or possible solutions for dealing with sovereign debt are a… » read more

Posted by Florian Pantazi

When elites expire

It has been almost a century since O. Spengler heralded the decline of the West. Apart from a 30-year hiatus between 1945 and 1975, this decline has become irreversible, a development even Samuel Huntington was forced to acknowledge. One of the most telling symptoms of the west’s fall from its former pre-eminence is its citizens’… » read more

Posted by Florian Pantazi

After more than four years of misguided austerity policies, the sharp economic downturn is about to claim its latest victims – Europe’s democracies. During the sovereign debt crisis, politicians in office – regardless of party ideology – have been forced to resort to hugely unpopular budget cuts and to increase taxes for the middle and… » read more

Posted by Florian Pantazi

In the wake of the sovereign debt crisis, we are used to thinking that neoliberalism has a negative effect only on Europe’s weaker economies. In fact, in many richer parts of the continent people have become obsessed with their regions’ per capita income, to the point of considering to split up for good with their… » read more

Posted by Florian Pantazi

EU: going for broke

The 2012 global economic results highlight the unique counterperformance of the European Union among its major trading partners. According to the end of year statistics published by The Economist, even countries like Japan and the United States have managed growth rates of 2 percent or above. The average growth rate for the ASEAN countries reaches… » read more

Posted by Florian Pantazi

How much more money can be poured into solving the debt crisis before European decisionmakers realise that current recovery strategies do not actually produce the expected results ? The global financial crisis followed by the European debt crisis are proof of an American export turned toxic, namely the Washington consensus. Its commandments, which consist of… » read more

Posted by Florian Pantazi

Resolving the EU’s debt crisis might be affected by political indecision. America’s economic recovery, however, is affected by political infighting and proposals of Keynesian-style stimulus packages that have no chance of being adopted by Congress and are inappropriate at this junction in time. The lessons of the 1980’s recovery could help end the current policy… » read more

Posted by Florian Pantazi