We use cookies to provide some features and experiences in QOSHE

More information  .  Close
Aa Aa Aa
- A +

The End of the Economic Consensus

59 1 0
29.11.2021

PARIS – Crises pose demanding tests for governments. In 2008, most were found wanting when financial mayhem engulfed the developed world. And within a few years, most of their leaders had been voted out of office as public anger reached its peak. So far, governments have responded much better to the economic fallout of the COVID-19 shock. But will electorates reward them, or will popular fury once again consume democratic systems? Our political future will depend on how voters assess national leaders’ performance.

  • Whipping Up America's Inflation Bogeyman Al Seib Los Angeles Times via Getty Images

    Whipping Up America's Inflation Bogeyman

    James K. Galbraith rejects the idea that price increases are a macroeconomic problem requiring the Federal Reserve to intervene.

    4 Add to Bookmarks
  • The Wisdom of Whistleblowers PS OnPoint Drew AngererGetty Images Subscriber Exclusive

    The Wisdom of Whistleblowers

    Dambisa Moyo considers the tool’s uses and limitations as a defense against official corruption and corporate malfeasance.

    3 Add to Bookmarks
  • The Right Institutions for the Climate Transition Thomas KrychSOPA ImagesLightRocket via Getty Images

    The Right Institutions for the Climate Transition

    Mariana Mazzucato calls attention to the need for new mission-oriented structures at all levels of governance.

    4 Add to Bookmarks
  • Previous Next

    First, rewind to September 15, 2008, when the US investment bank Lehman Brothers filed for bankruptcy. Financial chaos ensued, and the economy fell into recession. Governments scrambled to limit further damage. Their initial economic response was skillful, but to no avail politically: they were accused of bailing out the greedy bankers they had previously........

    © Project Syndicate


    Get it on Google Play