Summary:
Quite a good one from Mark Blyth. He says the US economic system is like a Mustang which has been prioritised for maximum speed but with less spent on safety features. Europe is more like an Audi, he continues, which may be slower, but it has loads of stafety system - crash it, and you will probably survive in one piece.Europe’s automatic stabilisers may be expensive but they can greatly minimise the harmful effects of an economic crash or a natural disaster, like a pandemic. The UK is a train wreck too, he adds. [embedded content]
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
Quite a good one from Mark Blyth. He says the US economic system is like a Mustang which has been prioritised for maximum speed but with less spent on safety features. Europe is more like an Audi, he continues, which may be slower, but it has loads of stafety system - crash it, and you will probably survive in one piece.Quite a good one from Mark Blyth. He says the US economic system is like a Mustang which has been prioritised for maximum speed but with less spent on safety features. Europe is more like an Audi, he continues, which may be slower, but it has loads of stafety system - crash it, and you will probably survive in one piece.Europe’s automatic stabilisers may be expensive but they can greatly minimise the harmful effects of an economic crash or a natural disaster, like a pandemic. The UK is a train wreck too, he adds. [embedded content]
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
Lars Pålsson Syll writes Post-real economics — a severe case of mathiness
New Economics Foundation writes Energy bills are falling – but the UK is still not protected from future price shocks
Lars Pålsson Syll writes Perché la trasformazione del capitalismo è necessaria
New Economics Foundation writes New Economics Podcast: Do we need to fight for the right to protest?
Europe’s automatic stabilisers may be expensive but they can greatly minimise the harmful effects of an economic crash or a natural disaster, like a pandemic. The UK is a train wreck too, he adds.