The Great Transition
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The Great Transition
Policy news & blueprints for the transition to a new Sustainable and Social Economy
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"Purpose beyond Power"

"Purpose beyond Power" | The Great Transition | Scoop.it
Liberal democracies in the West today are struggling to avoid – and in doing so are exacerbating – a crisis of identity, which puts the existing social contract at risk and threatens their implosion.

 

Excellent analysis by Wolfgang Reinicke at Project Syndicate about the erosion of our liberal democracy as a result of shifted power structures due to globalisation.

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Mario and the Confidence Fairy

Mario and the Confidence Fairy | The Great Transition | Scoop.it

"I guess in Europe today “technocratic” is a synonym for “delusional”.

"Europe’s delusional technocrats apparently still believe that one more turn of the austerity screw will do the trick."

 

As always, Krugman is provocative but sooo correct!

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Uneconomics: a challenge to the power of the economics profession

Uneconomics: a challenge to the power of the economics profession | The Great Transition | Scoop.it

"It is time to acknowledge an uncomfortable truth about the public status of economics as an expert discipline: it has grown to be far more powerful as a tool of political rhetoric, blame avoidance and elite strategy than for the empirical representation of economic life. This is damaging to politics, for it enables value judgements and political agendas to be endlessly presented in ‘factual’ terms. But it is equally damaging to economics, which is losing the authority to describe reality in a credible, disinterested, Enlightenment fashion."

 

Brilliant analysis in Open Democracy on the perverse power of economic technocrats on our democratic institutions.

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