Latest posts

Capitalism

Enjoy capitalism’s blessings

In a world in which it has become fashionable to blame markets and call for the government to fix problems, we should not let such empty rhetoric pass. [...]

The end of capitalism

Perhaps investment strategists are a more optimistic bunch than your average columnist or economist. Or maybe they are just so steeped in the present and the future that they have forgotten about history. [...]

What have the corporates ever done for Europe?

Despite having some of the world’s greatest companies, Europeans still wonder what these have ever done for them. They will find out the answer the day that some of these despised corporates decide to get out of anti-corporate Europe. [...]

Europe’s social failure

Capital markets are not loquacious storytellers. They condense the world into simple numbers. For this reason, the surge in Greek, Italian and Spanish bond yields could be mistaken for a mere technicality, a simple recalibration between the forces of demand and supply that happens in markets every day. [...]

Battle of the think tanks

After World War II, Europe became a continent of great expectations and little ambitions. For decades, governments had promised their peoples a life free of worry. Free education and healthcare, good infrastructure, a social-security safety net, lifelong jobs in the public sector followed by generous pensions – that’s what Europeans expected from the state. [...]

Occupy what?

The Occupy Wall Street movement has polarised public opinion: Either you regard the protestors as the new political avant-garde or as just plain silly. Either you believe they have a serious message or you think they are a bunch of nutters. But what if the truth is a bit more nuanced than that? Perhaps the nutters have a point? [...]

Defining greed is an indulgence of its own

Complicated times provoke simple answers. As the global financial crisis keeps unfolding, the no less global intellectual elite has readily identified the culprit. Political and religious leaders, artists and even some economists are convinced greed is to blame for our economic problems. A combined Google search for "global financial crisis" and "greed" delivers no fewer than 87,900 results. But is greed really the culprit or just a convenient scapegoat? And is greed an economic category at all? [...]