Don't let yourself be lied to about the efficiency of the market
An interesting publication recently highlighted how innovation in capitalist economies doesn't work as it says on the tin. Does this mean that resurgent social democracy is well placed to save capitalism from its own orthodoxies?
Sometimes, politics can be so strange and irrational that it takes your breath away. After a huge economic crisis, recession and now an ongoing depression, facilitated by decades of increasing deregulation and “neoliberal” policies, European governments are falling over themselves in their attempts to cut back, defund, privatise and otherwise dismantle the remains of the postwar welfare state.










