The reason why European economies are stuck in the trenches is actually quite simple. Our governments have shot themselves in the foot.
Innovation, productivity and growth have slowed down since the 1970s. Our global, free-market economy isn’t as dynamic and entrepreneurial as we’re lead to believe.
In 2012’s Petite Poucette, the French philosopher Michel Serres set out a vision of the future that is both optimistic and disturbing at the same time. The digital revolution means knowledge is being freed from power structures like schools, universities, governments and corporations. This changes everything, he says.
Kirsty Styles talks to Rethinking Economics co-founder Yuan Yang about the student insurgency against mainstream economics teaching.
Left to their own devices, firms will almost always try to takeover other firms or force them out of business. But every takeover reduces competition and choice, which is supposed to be the whole point of the free market in the first place.
“We don’t want to switch capitalism off yet, but maybe we can replace it with something better.” Channel […]
In this excellent series of podcasts from the New Economics Foundation (NEF), Kirsty Styles and her guests introduce neoliberal ideas, explore how they affect our lives and look at some of the challenges to this dominant way of thinking. These are the ideas that rule the world, so it’s worth taking a few minutes now and then to try to understand them!
They don’t really “own” firms, they provide a minority of the capital and they don’t care much about what happens to them. So why do shareholders call the shots?