“What country needs an incentive to take care of its people?”
Carla Dauden
“Would he ever consider buying a foreign car? Too polite to say no, Schlüter gave a slightly apologetic smile. After decades of industrial neglect and regional decline, Britain has a long way to go before such popular pride in homegrown products goes without saying”, Julian Coman reports. This story captures some of what it should mean to be German.
However, given the current state of the Eurozone, Germany’s outlook might not be so bright after all.
“Britain has been finding it difficult to recover from the financial crisis not just because of its austerity policy but also because of its eroding ability to engage in high-productivity activities.” Ha-Joon Chang is convinced that the United Kingdom urgently needs to develop a long-term productive strategy.
“Our options, he argues, can be divided into three general categories: austerity, stimulus and doing nothing. He, like an increasing number of mainstream economists, believes we can now scratch austerity off the list.” Adam Davidson talks to Adam Posen, until recently a member of the Bank of England’s Monetary Policy Committee, about ways to fix the UK’s economy.
“We all have the capacity to be quite bad—under the right circumstances.”
Dan Ariely
“So the austerity drive in Britain isn’t really about debt and deficits at all; it’s about using deficit panic as an excuse to dismantle social programs.” Paul Krugman is convinced that ulterior motives determine current policies in the UK and elsewhere.
“When the ants and the grasshoppers are distributed across the division separating surplus from deficit nations within a badly designed monetary union, the stage is set for a depression that sets all against all in a vicious spiral from which only losers can emerge.” Yanis Varoufakis explains why he thinks that countries in the euro zone can neither bail out nor be bailed out of the current crisis.
“Think Tanks surround politics today and are the very things that are supposed to generate new ideas. But if you go back and look at how they rose up—at who invented them and why—you discover they are not quite what they seem.” Adam Curtis looks at the history of the Think Tank in the UK and asks why modern politics, for all its Think Tanks, seems so paradoxically short of new ideas.