Almost everyone now knows that the first German attempt to reform its pay-as-you-go pension system by a funded arm, the famous Riester pension, was a total flop. Nevertheless, even before the government was formed, some parties were again discussing the possibility of strengthening the funded part. …
If you want to understand why we have such a hard time explaining economic processes adequately, you have to look at the discussion on inflation these days. It seems as if we have to puzzle over and over again what the causes of inflationary processes are and decide again and again under high uncertainty whether we are currently dealing with a dangerous or a relatively harmless change in prices. …
Cross-posted from Brussels Morning (https://brusselsmorning.com)
The latest Intergovernmental Panel on Climate Change (IPCC) report presents the scientific state of the art on our changing climate. Everyone in our latitudes agrees that something has to be done. But without a global executive, …
Cross-posted from Brussels Morning (https://brusselsmorning.com)
Sinophobia is a widespread political disease. Beyond China, industrialised countries are also pursuing an unjustifiably confrontational course towards other developing countries.
Reading the press in industrialised countries attentively and listening to their politicians, the impression of an aggressively adversarial West-North global divide is unavoidable. …
