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We need a new social contract – not just austerity
When economic growth is not a given anymore, how can democratically elected governments trigger growth, maintain the welfare state and keep public spending down all at the same time? The answer is easy: they simply can’t. European welfare states have come to a crossroads. On the one hand, private investors […]
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Five Reasons Why We Need a New Perspective on Consumption
This post was produced for the Global Economic Symposium 2013 to accompany a session on “Towards Sustainable Consumption.” Read more at http://blog.global-economic-symposium.org/. The concept of “sustainable consumption” comes from the straightforward insight about the limits of our ecology to sustain the Earth’s burgeoning population; as one African elder summarized the meaning of sustainable […]
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Austerity for the sake of fairness?
I do believe in the broader European Union including almost everything that comes with it. That also means that I uphold the idea of solidarity among members of the EU. Solidarity, however, is not supposed to be lopsided. Take a closer look at recent developments and the financial support given […]
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The Resurgence of Regional Languages in Pakistan
Language and identity are so intimately linked that a person’s accent can also reveal which part of the world they come from! For instance, if she is speaking English or Urdu, a Pashto-speaking person can very easily be recognized as belonging to the Khyber Pakhtunkhwa (KPK) province or any other […]
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Austerity! What Austerity?
With an unemployment rate of around 5%, low inflation, low debt, low interest rates and a ‘AAA’ credit rating, the Australian economy has been the envy of many other developed nations since the global financial crisis (GFC) struck in late 2008.