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Tag Archives: Financial Times

Should liberal capitalism be saved? Martin Wolf & Yanis Varoufakis debating live

[embedded content] Is capitalism past its due date? Can we even imagine a world without it? On 14th November 2019 Martin Wolf and Yanis Varoufakis debated the question ‘Should liberal capitalism be saved?’. Hosted on November 14, 2019 by the Financial Times to celebrate the Wincott Foundation’s 50th Anniversary, this special live event took the place of the usual annual Harold Wincott...

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The IMF’s Second Chance in Argentina

Kevin Gallagher and Matías VernengoAlberto Fernández and his running mate, former president Cristina Fernández de Kirchner, have won the election in Argentina amid a real danger that the country’s economy will collapse. Outgoing president Mauricio Macri and the transitioning Mr Fernández should work closely with the IMF to put the fragile economy back on a path to stability and sustainable growth.Read rest here.

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Letter: The UK’s failing economic model demands such bold ideas

Below is the text of a letter to the editor of the Financial Times, signed by Lord Skidelsky alongside 81 other signatories, and published on 6th September 2019. Your series of articles exploring the Labour party’s economic agenda fails to appreciate the severity of the UK’s current economic condition, and reproduces a number of misconceptions. There is growing political consensus that the UK’s economic model is failing. The economy has been performing badly for more than a decade....

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Argentina, Financial Times and the next default

It's been a while since I wrote about Argentina. In all fairness, because it is difficult given all the mistakes of the last few years since Macri's victory. I discussed the prospects of what to expect back then. Since then I posted here and here on the supposed improvement in 2017, and the beginning of the still unfolding crisis in 2018. And this could simply be an "I told you so post," since I did warn about most things that would happen. But there are important and interesting news about...

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“DiEM25 is something I’m really pouring my heart into and I’m learning every day.” Pamela Anderson in FT Alphaville

Pamela Anderson explains to FT Alphaville’s Jemina Kelly her enthusiasm for DiEM25: “The fact that a Greek economist, Yanis Varoufakis, and a Croatian philosopher, Srećko Horvat, are running in Germany show that these elections are not about national politics but about the future of Europe as such. I am glad to see that Europe finally has a movement with passion opposed both to the trooping rightwing populists...

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FT Alphachat 28 MAR 2019: On Democracy, Europe, the UK and Greece

[embedded content] Alphaville’s Jemima Kelly and Izabella Kaminska sat down with Yanis Varoufakis, former finance minister of Greece and current organiser of a trans-European group, DiEM25, of what he calls “radical Europeanists” — in favour of union, without deflation or austerity. Mr Varoufakis answers criticism from the left, pointing out that even if the euro or the EU were poorly...

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The budget, the fragile recovery and the next recession

I'm not a forecaster. I do macro, and worked for Wynne Godley at the Levy, but I feel that there are too many dangers in forecasting. Wynne was also, btw, more concerned with what he called medium term scenarios, than pinpointing when a recession would take place. The obvious joke applies here. Economists have predicted 10 of the last 9 recessions. Having said that let me do the exact opposite and throw caution to the wind.So I'm going out on a limb here. Everybody thinks the recession...

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Justin R. Harbour — For Bold Solutions We Ought To Include MMT in Economic Discourse

In a recent Financial Times article, Martin Sandbu identifies three major economic failures of competitive capitalism in the West: growing inequality; the disproportionate effects of The Great Recession on young people; and the threat of displacement in labor markets brought by improving technology and the presumed ubiquity of artificial intelligence. Sandbu connects these failures to recent victories of populist “extremist” parties in the EU, UK, and US, and asserts that if liberalism and...

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