Summary:
An editorial in the Financial Times headlined “Virus lays bare the frailty of the social contract” says that recent developments “shine a glaring light on existing inequalities” and that “to demand collective sacrifice you must offer a social contract that benefits everyone.” The FT states: “Radical reforms — reversing the prevailing policy direction of the last four decades — will need to be put on the table. Governments will have to accept a more active role in the economy. They must see public services as investments rather than liabilities, and look for ways to make labour markets less insecure. Redistribution will again be on the agenda; the privileges of the elderly and wealthy in question. Policies until recently considered eccentric, such as basic income and wealth taxes, will
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
An editorial in the Financial Times headlined “Virus lays bare the frailty of the social contract” says that recent developments “shine a glaring light on existing inequalities” and that “to demand collective sacrifice you must offer a social contract that benefits everyone.” The FT states: “Radical reforms — reversing the prevailing policy direction of the last four decades — will need to be put on the table. Governments will have to accept a more active role in the economy. They must see public services as investments rather than liabilities, and look for ways to make labour markets less insecure. Redistribution will again be on the agenda; the privileges of the elderly and wealthy in question. Policies until recently considered eccentric, such as basic income and wealth taxes, will
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
New Economics Foundation writes Building hope
New Economics Foundation writes Are oil and gas workers the coalminers of our generation?
Mike Norman writes Tariffs As A Fiscal Tool? — Brian Romanchuk
John Quiggin writes Trump’s dictatorship is a fait accompli
An editorial in the Financial Times headlined “Virus lays bare the frailty of the social contract” says that recent developments “shine a glaring light on existing inequalities” and that “to demand collective sacrifice you must offer a social contract that benefits everyone.” The FT states: “Radical reforms — reversing the prevailing policy direction of the last four decades — will need to be put on the table. Governments will have to accept a more active role in the economy. They must see public services as investments rather than liabilities, and look for ways to make labour markets less insecure. Redistribution will again be on the agenda; the privileges of the elderly and wealthy in question. Policies until recently considered eccentric, such as basic income and wealth taxes, will have to be in the mix.”...
Link to editorial: https://www.ft.com/content/7eff769a-74dd-11ea-95fe-fcd274e920ca
FT throws in the towel on neoliberal globalization. Elites running scared?
The unassuming Economist
FT editorial: “Radical reforms are required to forge a society that will work for all”
Prakash Loungani
FT editorial: “Radical reforms are required to forge a society that will work for all”
Prakash Loungani
See also
On the same day the British Labour party announced the election of a center-rightt new party leader to replace the much denigrated socialist Jeremy Corbyn, the Financial Times(!) calls for the socialist policies Corbyn had planned to implement....
Labour blows it again. US Democratic Party not far behind.
Moon of Alabama
The Financial Times Asks For Socialist Policies