Read all posts for ‘capitalism’

More than 20 years after the fall of the communist regime, much of Hungarian society is highly disillusioned with capitalism which once held out such a glowing promise of prosperity for all. The transition from a planned economy to Western style globalised free markets has brought some winners but they […]

Here is a fictional scenario. I’m a contestant on a quiz show called Who Wants to be a Millionaire. I’ve managed to answer all the questions correctly up to now and there’s only one more question separating me from the million dollar prize. I’m on the edge of my seat […]

  Ever since I was a little girl, my parents and teachers used to tell me that the secret to happiness and excellence lies in education. Good grades were synonymous with prosperity and wealth, they’d drill into me. Yet no one ever told me about life after school. What’s next? […]

  The United States of America faces a number of grim issues- disparity in income and wealth, the consolidation of power, the erosion of civil liberties- all of which are not being adequately addressed by the current system of governance. One effect of this is that Americans’ interest in a […]

Imagine the public budget as a big cake. The biggest slices cover expenses for pensions, education, unemployment benefits, medical insurance, social assistance, etc. Together they make up the components of the welfare state on which we rely so much. If one slice of the cake gets bigger, the other pieces […]