Ever since the Global Financial Crisis, living standards have split between those who own their own home and those who do not. Inability to find work is no longer an indicator of poverty. In fact more than half of those living in poverty come from a household where someone is in work. The property-owning democracy was meant to make people more conservative, but the rise in home ownership exacerbated the rise in inequality. What effect its reversal might have on our politics is anybody’s guess.
Whilst politicians globally extol Danish democratic virtues, very few of them talk about the pernicious effects financialization has had on the country. The Danish economy is carrying huge levels of private debt which, unless managed, could undermine their much-vaunted democracy. Is trouble looming in the democratic utopia, and how do a new crop of politicians stop the […]
Venezuela’s experiment with democracy is falling apart. With rising totalitarianism, an economic crisis and food scarcities, more than 50% of Venezuelans want out of their own country.
We take a look behind the last eight years of neoliberalism and ask was it really the medicine America needed?
Separating economics and politics is impossible, so it’s important to point out that the misguided notion of austerity is not just killing people, but also democracy. For all the positive merits of the democratic system a major and inherent risk exists.