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Nov. 21, 2024
The significance of Trump's victory
Any Democratic Party candidate would have faced a daunting challenge in 2024. Political scientists have found that the two most reliable indicators of an incumbent party’s chance for re-election are voters’ evaluation of whether the country is going in the right direction, and whether voters judge that they are better off today than in the past. Still, despite the substantial odds against a Harris victory, the election was extremely close. read more
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July 24, 2023
Memorial: War of Memories
Memorial, Nobel Peace Prize 2022 shared with Ales Bialiatski, Belarusian human rights activist in prison, and the Ukrainian Center for Civil Liberties, has been witnessing since 1991 all the upheavals of civil society in Russia and its former empire. read more
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July 4, 2023
Kazakhstan, the imperative to cooperate
Landlocked in the heart of Central Asia, Kazakhstan is involved in regional partnerships and, pragmatic, claims to be a facilitator with balanced relations, even if the pressure to take a stand between Russia, China and the European Union is strong. This cocktail is the challenge of so-called middle power (or bridge) countries, developing multi-factor diplomacy, here constrained by geography and made possible by the country’s resources. Moreover, the development and identity of the five Central Asian countries are built around the imperative of cooperation, given the geographical position and the small number of citizens (75 million for the five countries). read more
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July 1, 2023
Riots in France: anything new since 2005?
The violence that has erupted in several French communes following the tragic death of young Nahel last Tuesday has come as no surprise to those familiar with the situation. Unfortunately, the factors that were at the root of the 2005 riots are still present. And two novelties make the situation even more difficult to manage. read more
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Oct. 25, 2022
Stalemate or reaction? The Midterm Elections and their discontents
How will the Republican Party use its new-found power if, as is near-certain, it gains control of one or both houses of Congress in the November midterm elections. Common wisdom about the American system of separated powers holds that divided control of Congress and the presidency produces stalemate, a freezing of the status quo. I suggest, on the contrary, that the result will be substantial: Republicans will use their congressional power not simply to block presidential initiatives but to reshape American politics and policy in reactionary, ultra-rightist, and anti-democratic directions. read more
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June 21, 2022
If I wanted to go to there, I wouldn’t start from here
The quote above is an anecdotal story of an Irishman giving an Englishman travel directions… and after twelve years of Conservative led governments I’m not sure that it is an inappropriate summary of how the United Kingdom got to where it is today. Nor am I sure where ‘there’ is either, given the current state of world affairs, continuing Covid issues and post Brexit difficulties. What the UK faces at the moment is a crisis of government at the centre of which are concerns about its leader, Boris Johnson. read more
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Dec. 28, 2021
Nuclear power and natural gas: what lies behind EU inconsistencies?
On December 21, the European Commission has just presented the new “state aid for climate, environmental protection and energy” regime, the main objective of which is to facilitate the achievement of the 2030 and 2050 climate objectives by authorising subsidies for all technologies contributing to the energy transition. However, nuclear power is excluded, while natural gas-based electricity production is covered. Why such an inconsistency? read more
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May 25, 2021
Europe vs. America: the federal governance matters
Europe and America have been strikingly different in terms of the Corona-era big-relief packages, and the roll out of Covid-19 vaccination. These differences are rooted in differences in their federal governance. Governance differences in the federal system matters also for migrants skill composition, tax burden, and the generosity of the welfare state. read more
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May 6, 2021
UK: there’s something in the air – and it does not smell too good!
Despite its success with the vaccine campaign, the British government has not really had a good time since the outbreak of the Covid pandemic, nor since the United Kingdom left the European Union, whilst most recently it has found itself mired in a series of damaging leaks about the way in which it conducts its relation with certain business interests. Three areas of activity suggest a government which will not be known by historians for its competence and even its honesty. read more
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Feb. 24, 2021
Africa’s food security requires accurate trade statistics
Africa’s trade flows, particularly in the agriculture and food products sector, are known to be very underestimated, suggesting there is a considerable margin of error. This greatly hampers the continent's governments in making policies for food security. Yet some improvements are in sight. A well-structured partnership between private operators, apex organizations, national statistical institutes, and international institutions can make an important contribution to improving Africa’s international trade statistics. read more
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Feb. 16, 2021
Claims of electoral fraud are as American as apple pie
For a non-American observer, US presidential elections can be quite surprising. On top of a system of Electors and swing states, voting by mail or without a voter ID seems an open door for fraud. But claims of electoral fraud are nearly as ancient as the US democracy, and point to the conflicting views of many voters towards immigration and minorities. Federalism prevents any harmonization across states. read more
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Jan. 20, 2021
Facebook, Twitter, ending the hypocrisy
Can Twitter and Facebook still say, after censoring the President of the United States, that they have no editorial responsibility for the content they publish? To ask the question is to answer it. This calls for enhancing regulation. But how? read more
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June 26, 2020
European funds and southern Italian regions: a critical view
At this stage of the Covid-19 crisis, there is a purpose on the table (among others) to use ordinary European Funds for emergency, without constraints. This is the opportunity to focalize the attention of public opinion in terms of the resources that Europe gives to Southern Italian regions, in particular, due to the fact that they are unable to spend. read more
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June 25, 2020
Post Covid-19 economy: state capitalism with expiration date
Public spending is bound to intensify over the coming months and even years. Increased spending will undoubtedly go hand-in-hand with increased scrutiny and demand for fiscal discipline. An old ally – the SWF – might indeed be governments’ best hope in balancing public responsibility with private interests in a post-pandemic economy. read more
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June 24, 2020
COVID-19 in developing countries: whatever it takes?
Latin American and African countries, in particular those that are more connected to the world economy, are already experiencing the economic impact: collapse in commodity prices, falling tourists’ revenues, drop in remittances, massive capital outflows. There is need for a global and effective response to the virus. read more
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May 9, 2020
Eurozone auf Wiedersehen?
With its recent ruling on the EBC's QE programm, the German Federal Constitutional Court just crossed the Rubicon and for the first time ever nullifies action by an EU institution (the ECB) which had been declared fully legal by another EU institution (the ECJ) – and on the basis of economic arguments on which it has no expertise. It now remains to be seen what will happen. read more
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March 29, 2019
Let’s not oppose climate policies and purchasing power! Lessons from the French climate transition
Rising green taxes on gasoline initially sparked the “Yellow Jackets” movement in November 2018. The winter of discontent that came with the tax riots reminds us of the importance of reconciling protection of purchasing power with that of the climate. read more
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July 19, 2018
Drowning, not waving: the UK and Brexit
So far Mrs May has been able to hold her party together – there currently seems to be no desire for a leadership challenge from those dissatisfied with her proposals, and there is no readily apparent leader in waiting. A challenge may come later in the year, especially if the government is seen as making any further concessions to the EU. Meanwhile preparations for a No Deal outcome are under consideration. Thus, the British government is not quite drowning and is certainly not waving. But its boat is certainly unstable. read more
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May 23, 2018
Fiscal money is an illusion, not a solution
In their recent Telos post, a group of Italian economists who name themselves the Group of Fiscal Money assert that Credit Tax Certificates, which are tax assets, would not increase the Italian government deficit and would even contribute to curtail the debt burden. I am not convinced by their argumentation. read more
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May 23, 2018
Fiscal money as a solution to Italian eurowoes
As fiscal rules constrain Italy’s ability to reflate demand by issuing debt, and with monetary policy being as accommodative as it gets, an alternative instrument is required. Fiscal Money provides such instrument. Our proposal is for government to issue transferable and negotiable bonds, which bearers may use for tax rebates two years after issuance. read more
