Sublime

At Bretton Woods, in New Hampshire’s White Mountains, the soon-to-be-victorious Allies met in July 1944 to devise a new financial architecture for the post-war world. In this new order, trade would be progressively liberalized, but restrictions on capital movements would remain in place. Exchange rates would be fixed, as under the gold standard, bu

Keynes was a failed investor and statistician who never studied economics but was so well‐connected with the ruling class in Britain that the embarrassing drivel he wrote in his most famous book, The General Theory of Employment, Money, and Interest, was immediately elevated into the status of founding truths of macroeconomics. His theory begins wi

Obviously Reich’s influence went way beyond just me. Alongside other authors such as Anthony Giddens[411] and Jeremy Rifkin[412], he was instrumental in crafting the message of a new generation of progressive leaders that the era of the steady, lifelong job was over. In a more global and unstable world, lifelong education was the new key to providi

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The fall of the Berlin Wall was more than just a visible symbol of the death of Communism. It was a defeat for the entire world system of nation-states and a triumph of efficiency and markets. The fulcrum of power underlying history has shifted. We believe that the fall of the Berlin Wall in 1989 culminates the era of the nation-state, a peculiar t

Le discours de Hayek sur les droits négatifs et le pouvoir de dire non peut donner la fausse impression d’un État passif ou inactif dans le cadre de son ordre mondial normatif. Mais la création et la préservation d’un tel système nécessitent un engagement volontariste. Hayek lui-même affirme explicitement que le pouvoir international doit être doté

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Everyone—the US, the UK, continental Europe—needs a Great Safety Net 2.0 tailored for the new working class. This is what it is all about: creating many jobs in proximity services while improving the condition of workers in the related sectors and making the services they perform more affordable.

There are areas in our economy, such as housing, where the rise of technology calls for more, not less state intervention. Conversely, there are other areas, such as urban transportation, where new technology-driven models end up correcting imperfections that long rigged the functioning of the market[408]; with those imperfections now gone, state i