This week, the too-big-to-fail bank lobbyist Jose Manuel Campa has been nominated to be the new head of the European Banking Authority – the very authority that is in charge of supervising those powerful banks. For Duncan Lindo this is yet another sign of how little the crisis changed our financial system.
Workers in emerging economies benefited from globalization and workers in rich countries, on balance, did not. Overturning globalization, however, will neither work nor bring a real improvement to the Western middle classes. Read here at […]
Politics is dominated by a “lumpen intelligentsia”: “earnest types who enthuse about ideas, simplify them and believe fervently that their crude and wholesale application will solve complex social problems.” Read here
Will Europe manage to redefine its place in the world geopolitical order? With Russia’s invasion of the Ukraine and rising tensions with China, circumstances oblige it to do so, but hesitations are emerging. Read Here
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