Reports on socialism See all →
Iconoclasm and moral hypocrisy
Spain reels from the pandemic and an economic downturn
After holding four elections in four years, Spain finally managed to cobble together a coalition government in late 2019. Then the Covid-19 pandemic hit, dealing a crushing blow to its already struggling economy. With the political scene so polarized, the governing left-wing coalition is under increasing pressure. So far, its ...
Opinion: Personal responsibility in a post-Covid society
After a rise in popularity in the 19th century, the concept of self-regulation fell out of favor in the aftermath of the two World Wars. Behaviors like delaying gratification have been declining since then, gradually chipping away at the social fabric in most Western nations. However, the current crisis could ...
Policy cures worse than the disease
Governments first failed to respond to the COVID-19 pandemic. When they finally realized the scope of the challenge, most resorted to misguided, self-serving and often disastrous policy responses. Their push for centralization and control of economies, companies and ultimately, individuals, bodes ill for the future.
Relevance beyond the crisis: The future of macroeconomic policy
While the scale of the coronavirus emergency requires government intervention, it is worth asking what the consequences of those rescue measures will be in the long term, especially considering the preexisting weaknesses of the economy. Unless the magnitude of the crisis raises awareness of governments’ failings, some European countries’ bloated ...