Secular stagnation? Paul Sweezy in Australia

I have an article in Online Opinion on Labor’s post-election prospects although my comments applicable to the entire left including the Greens. One topic I touch is the implications of slower economic growth for politics. In recent weeks we have seen a revival of the ‘secular stagnation’ thesis that due to a shortage of investment […]

American persistence and the future of social democracy

It has been a popular meme in recent years that American power is in decline. China’s rise is impressive, although some predict a Chinese crash. However a recent report by HSBC on the world economy in 2050 casts doubt on the assumption of American decline and sheds some light on the prospects of social democracy. […]