In 2011 Colin Crouch’s The Strange Non-death of Neoliberalism appeared to acclaim. Its author reflects on a shifting landscape since.
Neoliberalism: still to shrug off its mortal coil (socialeurope.eu)
Author: Francine (page 22 of 84)
The Global Coalition for Social Protection Floors prepared its input to the ‘Future Summit’ of the United Nations that will be organised in 2024.
2023-GCSPF-submission-of-inputs-to-the-SotF.pdf (socialprotectionfloorscoalition.org)
For the first time in the history of collective bargaining negotiations, the wage differential between top management and rank-and-file workers has become an underlying issue. The striking autoworkers’ claim for a 40% raise was partly justified by noting that 40% is the wage increase received by the auto companies’ CEOs over the past four years.
The only way to steer American democracy to safety is to wrest money out of the claws of the wealthiest elites, who now control finances rivaling the economies of whole nations.
Four years have passed since the International Monetary Fund adopted a new
Strategy for Engagement on Social Spending that was meant to increase the
support that IMF gives to national policies on social protection, health and
education. The Fund interprets this as instructing its staff to focus on the
adequacy, efficiency and sustainability of social programs when they can affect
macroeconomic conditions (are “macro-critical”) in member countries. The
staff make their judgments during annual assessments of macroeconomic
conditions in individual countries or when devising policy adjustment
programs with countries that need to work toward recovery from
macroeconomic crises. One way to assess how the new strategy is being
implemented is to look for changes in IMF advice and the policy requirements
for IMF loans. Results so far have not been encouraging, although it is still
early.
Read the article by Barry Herman
The World Bank insists commercial finance is necessary for achieving economic recovery and the Sustainable Development Goals (SDGs), but does little to ensure profit-hungry commercial finance serves the public interest.
By failing to address pressing challenges within their purview, the second-ever Bretton Woods institutions’ (BWIs) annual meetings on the African continent, in Marrakech in October 2023, set the developing world even further back.
Article by Jomo Kwame Sundaram
This International Migrants Day, 18 December, the ITUC highlights the work of trade unions around the world to protect, promote and fulfil migrant workers’ rights.
The report, Trade Unions in Action for the Rights of Migrant Workers, showcases organising, campaigning, advocacy and direct support activities carried out by trade union organisations from 10 countries.
The Council and the European Parliament have reached a provisional agreement on a proposed directive to improve working conditions for platform workers. In the event that the deal struck today is confirmed by both institutions before going through the formal adoption procedure, it will help millions of them gain access to employment rights.
The directive introduces two key improvements: it helps determine the correct employment status of people working for digital platforms and establishes the first EU rules on the use of algorithm systems in the workplace.
Rising economic inequality in many countries, especially the rich ones, in recent decades has emerged as an important topic of political debate and a major public policy concern. Widening economic disparities and related anxieties are stoking social discontent and are a major driver of the increased skepticism about public institutions, political polarization, and populist nationalism that are so evident today. Visions of Inequality, a new book by Branko Milanovic, a leading scholar of inequality, places today’s concerns and debate in context. It is an absorbing account of how thinking about inequality has evolved.
Read it here
The Bretton Woods institutions’ (BWIs) annual meetings in Marrakech in October were only the second-ever in Africa. But the rich nations-dominated BWIs failed yet again to rise to the challenges of our times, setting Africa and the global South even further back.
Instead of fostering cooperation to address the causes and effects of the contemporary catastrophe, neither the International Monetary Fund nor the World Bank governors could agree on joint communiques due to the greater politicisation of multilateral fora.
Read the article by Jomo Kwame Sundaram
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