“If there is indeed popular support for the US profile revealed in this report, then of course the case for intervening is weak.” David Grusky, Marybeth Mattingly and Charles Varner present their annual report on poverty, inequality, and labor market outcomes.
“In contrast to the easy cross-border flow of capital, commodities and profits, the Commission notes the lack of freedom for ordinary people to migrate in pursuit of a safe and secure life, and it deplores the plight of undocumented migrants who are denied essential health care in spite of international treaties that are supposed to guarantee universal rights and entitlements.” After correctly identifying the undemocratic and unequal distribution of power as an underlying cause of health inequities, David McCoy sees The Lancet-UiO Commission on Global Governance For Health Commissioners falling disappointingly short in its recommendations.
“Britain has been finding it difficult to recover from the financial crisis not just because of its austerity policy but also because of its eroding ability to engage in high-productivity activities.” Ha-Joon Chang is convinced that the United Kingdom urgently needs to develop a long-term productive strategy.
“Our options, he argues, can be divided into three general categories: austerity, stimulus and doing nothing. He, like an increasing number of mainstream economists, believes we can now scratch austerity off the list.” Adam Davidson talks to Adam Posen, until recently a member of the Bank of England’s Monetary Policy Committee, about ways to fix the UK’s economy.
“For fear they might only get one term they are dashing to secure that indelible legacy. The plan is to outsource so much that reconstructing public services will be impossible in future.” Polly Toynbee reports on an epidemic of evidence-free, faith-based policymaking that is creating moral hazard on a grand scale.
“A moral hazard is a situation where there is a tendency to take undue risks because the costs are not borne by the party taking the risk.”