Box0_TOP_ENG Essays Project Syndicate

Greece’s Perpetual Crisis

  ATHENS – Since the summer of 2015, Greece has (mostly) dropped out of the news, but not because its economic condition has stabilized. A prison is not newsworthy as long as the inmates suffer quietly. It is only when they stage a rebellion, and the authorities crack down, that the satellite trucks appear. The […]

Box0_TOP_ENG Brexit Essays European Crisis Project Syndicate

A New Deal to Save Europe

LONDON – “I don’t care about what it will cost. We took our country back!” This is the proud message heard throughout England since the Brexit referendum last June. And it is a demand that is resonating across the continent. Until recently, any proposal to “save” Europe was regarded sympathetically, albeit with skepticism about its […]

DiEM25 European Crisis Greek Crisis Project Syndicate Uncategorized

Greece’s perpetual crisis will not end via one-off handouts. It will end only when Athens ends the perpetual lie.

ATHENS – Since the summer of 2015, Greece has (mostly) dropped out of the news, but not because its economic condition has stabilized. A prison is not newsworthy as long as the inmates suffer quietly. It is only when they stage a rebellion, and the authorities crack down, that the satellite trucks appear. [To read […]

Asia DiEM25 Media North America Op-ed Project Syndicate The Global Minotaur: A theory of the Global Crisis Uncategorized

Trump, the Dragon, and the Minotaur – Project Syndicate op-ed

  ATHENS – If Donald Trump understands anything, it is the value of bankruptcy and financial recycling. He knows all about success via strategic defaults, followed by massive debt write-offs and the creation of assets from liabilities. But does he grasp the profound difference between a developer’s debt and the debt of a large economy? […]

DiEM25 Media Op-ed Politics and Economics Project Syndicate Uncategorized

The Universal Right to Capital Income – Project Syndicate op-ed

ATHENS – The right to laziness has traditionally been only for the propertied rich, whereas the poor have had to struggle for decent wages and working conditions, unemployment and disability insurance, universal health care, and other accoutrements of a dignified life. The idea that the poor should be granted an unconditional income sufficient to live […]

DiEM25 Media Op-ed Politics and Economics Project Syndicate Uncategorized

Apple, Brussels, and Ireland’s Bruised Sovereignty – Project Syndicate op-ed

ATHENS – Despite their unequivocal Europeanism, the Irish have been serially mistreated by the European Union. When Irish voters rejected the Treaty of Lisbon in 2008, the EU forced them to vote again until they delivered the “right” outcome. A year later, when private Irish banks imploded, threatening their (mainly) German private creditors with severe […]

Banking Crisis DiEM25 Digital Economies/Money Media Op-ed Politics and Economics Project Syndicate Uncategorized

The Politics of Negative Interest Rates – Project Syndicate op-ed

ATHENS – Objects of desire come at a cost. Only bad things, like toxic waste, have a negative price, the equivalent of a fee payable to anyone willing to make them disappear. Does this mean that negative interest rates embody a new perspective on money – that it has gone “bad”? [To read on, click here]

DiEM25 European Crisis Middle East North America Politics and Economics Project Syndicate South America Uncategorized

Building a Progressive International – op-ed Project Syndicate

ATHENS – Politics in the advanced economies of the West is in the throes of a political shakeup unseen since the 1930s. The Great Deflation now gripping both sides of the Atlantic is reviving political forces that had lain dormant since the end of World War II. Passion is returning to politics, but not in […]

Brexit DiEM25 European Crisis Project Syndicate Uncategorized

The Right Left for Europe: In response to leftwing Brexiters, Grexiters etc. – Project Syndicate Op-Ed

ATHENS – The United Kingdom’s referendum on whether to leave the European Union created odd bedfellows – and some odder adversaries. As Tory turned mercilessly against Tory, the schism in the Conservative establishment received much attention. But a parallel (thankfully more civilized) split afflicted my side: the left. Having campaigned against “Leave” for several months […]