The EU’s current industrial policy has been widely endorsed as a shift towards green Keynesianism. Yet, it lacks public control over the innovation process as well as fiscal oversight by the European Parliament, while promoting rentier capitalism and hindering the redistribution of the benefits, the author argues. This article is part of transform!’s Economics Working Group
Addressing the Needs of Workers: Raising Wages, Lowering Prices, and Sharing Profits - The upcoming European Parliament elections provide an excellent opportunity for the left to refine its arguments. The Left Group in the EP has played a key role in pushing through the introduction of a minimum wage in the EU and securing significant improvements in workers' health protection. Enrique Carmona, a trade unionist from Spain, brings a ...
As the world hurtles towards climate catastrophe, the urgency for a global socio-ecological transformation is becoming palpable. In this article, Jeremy Leaman examines the factors impeding its realisation, from the permissive practices of authoritarian neoliberalism to the challenges of financing, and proposes progressive policy alternatives crucial to avoiding climate disaster.
The role of National Development Banks (NDBs) has been rising worldwide since the financial crisis, the global supply chain crisis, and among growing geo-political tensions. Unlike EU member states, NDBs in the European Union aren't subjected to Maastricht austerity criteria and may thus offer a major tool for the transformational policies we need.
On 14 June, the European Parliament passed a draft law to regulate artificial intelligence that must now be further discussed with the EU Council and the Commission. However, the AI Act expected to be announced by the EU at the end of 2023 provides insufficient answers to the essential questions raised by this new technology.
The 2024 European Parliament elections are increasingly contingent on the rise of the radical right in Europe. In response to this threat, Heinz Bierbaum highlights an important tool of left politics. He discusses the role of "European Works Councils”, and shows why they are important for a left strategy.
Last week, the European Commission unveiled its long-awaited proposal to reform the Stability and Growth Pact (SGP). What does the Commission's proposal look like? Does it provide a good basis for the upcoming negotiations with the European Parliament and the Council of Governments? Marica Frangakis is rather sceptical.