We use cookies to provide some features and experiences in QOSHE

More information  .  Close
Aa Aa Aa
- A +

The Keys to Inclusive Growth

14 13 1

PARIS – The COVID-19 pandemic has highlighted major weaknesses of both the US and European models of capitalism. In the United States, the crisis has shown the limits of an economic system that fails to protect individuals against the effects of creative destruction and the social consequences of a macroeconomic shock. In Europe, it has revealed the insufficient dynamism of the region’s innovation ecosystem – particularly in the biotech sector, which holds the key to ending the pandemic. For all the harm it has caused, therefore, the COVID-19 crisis is also a wake-up call to rethink capitalism.

  • 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.

    3 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.

    2 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

    We do not regard the US economic model’s lack of protection and inclusiveness as a necessary price to pay for greater innovativeness. Nor do we think that Europe’s lack of innovativeness is a natural consequence of greater inclusion and better social protection. So, besides calling........

    © Project Syndicate

    Get it on Google Play