The Impossible Escape From the European Union
Neoliberalism is embedded in the European Union’s DNA. But for the continent’s left, there are few good alternatives.
6 Articles by: Dominik A. Leusder
Dominik Leusder is a writer and economist based in London. He is the research director of the LSE Global Economic Governance Commission. The views expressed here are his own.
The Third-World Debt Crisis Reveals the Rot at the Heart of the Global Economy
Developing countries are undergoing an unprecedented combination of currency crises, debt, famine, and political unrest — and the US decision to raise interest rates risks adding fuel to the fire. A stable system of global economic governance is needed.
Strangling Russia’s Economy Won’t End Putin’s War — But Could Be Disastrous for Civilians
The latest Western sanctions mean “total economic and financial war on Russia,” according to a European finance minister. There’s little reason to hope this will stop Putin’s war — but it will bring a longer-term attrition that mainly hurts ordinary Russians.
The Bank of England’s Decision to Raise Interest Rates Is Dangerous and Irresponsible
Last week, the Bank of England decided to raise interest rates again in an attempt to curb rising inflation. The move will likely increase household debt and unemployment, worsening people’s living conditions.
Good Riddance, Angela Merkel
Angela Merkel’s 16-year German chancellorship has finally come to an end. Though she presented herself as the sensible and stabilizing force in Europe, her tenure was characterized by economic neglect, obstruction, and brutal austerity.
The Prophet of Inequality
Whatever its shortcomings, Thomas Piketty’s latest book, Capital and Ideology, is a serious attempt to map our social world without resorting to easy abstractions.