Economics and politics - comment and analysis

The Great Paradox: Liberalism Destroys the Market Economy – Part 1

Capitalism is celebrated by liberals as a success story. But it was precisely the rule of liberalism that drove the market economy into a major crisis. A reflection on 70 years of post-war economy.
Originally posted in German at Makroskop
Translated and edited by BRAVE NEW EUROPE

In the two pieces on a “world without interest” (to be found in German here and here) I have already explained why the current situation of the world economy differs so fundamentally from what for many decades was regarded as the model of the market economy. …

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The economic situation in Bulgaria and Romania – Part 1

7. November 2018 I Countries and Regions, Europe, General

Originally posted in German at Makroskop
Translated and edited by BRAVE NEW EUROPE

 
It is astonishing that people in Western Europe rarely speak about the countries that stumbled into a new economic system after the fall of the Berlin Wall and have since been swimming in the great European economic stream in very different ways and with varying degrees of success. …

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