Tag Archives: politics

Back to the Future: Authoritarian Neoliberal Regime versus Democratic Social State

The destiny of the 20th century, especially after the WWII, has been determined and shaped by the multifaceted confrontation between capitalism and “communism”, the West vis-a-vis the East. But history did not end in 1991, as some have tried to convince … Continue reading

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Why is there no labor party in the United States? Look at Canada to find out

In 1906, a German distinguished (somewhat neglected) economist and sociologist Werner Sombart published Why is there no Socialism in the United States? – a book which will become a famous work on American exceptionalism to this day (along with a pioneering and penetrative  Democracy in America, by Alexis de … Continue reading

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The debt crisis and austerity in the Eurozone: social and political impacts

During the past six years, the countries of the European periphery – Portugal, Ireland, Italy, Greece and Spain – have been experiencing severe economic-financial crises. In the shadow of these drastic events, the EU institutions and the IMF initiated “bailout programs” for … Continue reading

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The middle class and the politics of the rearguard

White Collar: The American Middle Classes is a pioneering and major study of the American middle class by a prominent sociologist C. Wright Mills, first published in 1951. In this research Mills analyzes the forming of a new class of the white-collar workers … Continue reading

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Remember the Golden Rule! Whoever has the gold, makes the rules!

Remember the Golden Rule! Whoever has the gold, makes the rules!! *** This sharp cartoon is from The Wizard of Id – a classic daily newspaper comic strip created by Brant Parker and Johnny Hart in 1964 to satirize modern American culture … Continue reading

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The politics of fiscal policies: the lessons of history

Throughout the recent years of the crisis, the EU bodies and the German leaders have constantly oppressed Greece. They have pushed Greek people towards the abyss of austerity in the name of “fiscal responsibility” and “self-evident economic truths”. But essentially, it is … Continue reading

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Why and when do governments appoint economics professionals and economics-trained politicians?

Should policymakers – politicians and high-level state officials – be experts in their fields? Does professional competence effect public policies at all? And does it prove itself? These, undoubtedly, important issues to be discussed and researched. But in order to … Continue reading

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Free trade politics, the power of ideas and political economy of European integration

“The bourgeoisie… has resolved personal worth into exchange value, and in place of the numberless indefeasible chartered freedoms, has set up that single, unconscionable freedom—Free Trade. In one word, for exploitation, veiled by religious and political illusions, it has substituted … Continue reading

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The “responsible”, the “irresponsible” and the Political Economy of the Sovereign Debt Crisis

There are “irresponsible” countries (Greece, Ireland, Italy, Portugal and Spain) which caused the current crisis; and there are “responsible” governments (Germany), which for some reason are asked to repay others’ debts and have the right to refuse to bail “irresponsibles” out and to insist the … Continue reading

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Causes of poverty: perceptions, ideas and policy making

The former chairman of the Federal Reserve Ben Bernanke recently said the “the greatest forces in Washington are ideas, and people prepared to act on those ideas.” (2013: 5). The following research demonstrates this power of ideas. Much of the research explaining … Continue reading

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