Rubrics » Bridging News
Political Uncertainty and Inflation
Recent political events in Romania (the removal of some ministers, the dissolution of the ruling coalition, the dismissal of the government by a motion of no confidence etc.) created a great deal of uncertainty regarding fiscal, monetary and legislative policy. The measures promised or claimed by politicians in response to the powerful impact of the energy crisis on the Romanian economy and society, which have already been affected by the COVID-19 pandemic, increase this uncertainty. In particular, uncertainty concerns the nature, magnitude, and timing of financial support measures for the population and businesses, the monetary policy measures projected by the National Bank for the inflation slowdown, absorption of EU funds, sustainability of public debt etc. Many public voices, from journalists to analysts of credit rating agencies and international financial institutions, warned that this uncertainty about the conduct of economic policy is affecting the behavior of businesses and the population in terms of production and consumption expenditure, investments, new jobs creation etc. More
CAPITOL LETTERS (Ep. 3): The Price of Pricing the Priceless
The intensifying dialogue among social sciences is one of the most insightful contemporary academic advancements. Promising gains stem from interdisciplinarity, by connecting themes and concepts from a variety of fields, engaging them as parts of a Wertfrei system (of scientific nature), as well as a Weltanschauung (of cultural nature), rather than stockpiling merely discrete ingredients. For instance, the bonds between cultural studies and economic sciences – perennial, as they exist “materially” married, yet peripheral, as they seem “spiritually” divorced – may be revisited and reviewed against the intertwined backgrounds of: ideological mindset (e.g., liberalism, statism), technological mastership (e.g., industry “4.0”) and ecological momentum (e.g., climate, recycling). It is in the midst of the cogitations on the future of “humanity” (both the species and its spirit) – given chronic/acute ideological clashes, given technological shifts in leisure habits and in labor markets, also recasting micro-/meso-/macro-/mondo- business structures/relations, and given ecological encumbrances, under- or over-valued – that I’m roaming some of the finest American museums and libraries. More
New Developmentalism, Old Ideas
The so-called anti-austerity backlash in Romania, led by the now defunct unnatural alliance between the National Liberal Party (PNL) and the Social Democratic Party (PSD) of eight years ago, has kept the Romanian public on the edge and can even be credited with electoral success, but its actual anti-austerity policies are quite hard to pin down. Despite a lot of angry rhetoric, until 2015 the USL (Social-Liberal Union) government’s fiscal policy basically followed, with minor tweaks, the 2010 much maligned austerity measures put in place after an external financing agreement with international financial institutions. The 2015 tax cuts were basically a Trump-style “neoliberal” supply-side fiscal stimulus that the most leftish, non-PSD aligned, commenters criticized as the climax of post-communist Social-Democratic hypocrisy, surpassing in scale even the 2005 introduction of the flat income tax. It is only in the last year or two that the PSD government has actually strayed from more or less orthodox, even if sometimes ill-timed, fiscal policies, by adopting an ill-designed bank-assets tax, as well as a turnover tax for the energy and telecommunication companies, in order to finance a growing deficit ahead of a major electoral year. Nevertheless, there is actually a heterogeneous group of both Social-Democratic as well as National-Liberal economists that claims to propose a radically different, heterodox, set of economic policies and which has gained considerable influence over policymaking. More
The Three Seas Initiative – Much Ado about Something
In pre-war Poland, Marshal Józef Piłsudski developed a grand strategy titled Prometheanism, which meant to weaken the Russian Empire and its successor state, the Soviet Union, by encouraging national independence movements. The movement eventually incorporated a related initiative, that of the Intermarium, a system of alliances, which some had hoped would become a future Federation, linking the Baltic Sea to the Black Sea, as a united front against the advance of the Soviet juggernaut. It failed, but the concept held lingering appeal and was resurrected time and time again as a geopolitical solution to perennial Eastern European insecurity in relation to Russia in its various incarnations. More
Karl Marx and Switzerland
“The key to the intricate and massive system of thought created by Karl Marx (1818-83) is at bottom simple: Karl Marx was a communist”.Rothbard (1995, 317) succinctly makes a crucial point for understanding Marx: His ideas are not primarily about economics, sociology, of philosophy – let alone about singular or aggregate law-like relationships such as wage and value, time and investment, household formation and capital accumulation. If Marx dwelt in those issues, it was only to serve his ultimate aim, the definition and institution of a new society, or, his version of communism.Marxian Communism is not the outcome of some social mechanism. It is a goal to which all social mechanisms should be subservient. This goal equally subdues issues, theories, and frames of reference to its own implementation. While other forms of communism believed that such a system would be the eventual outcome, or, the synthesis, of human evolution, Marxian Communism was revolutionary. It is conceptualized as a synthesis, but one that has to be actively sought by revolution and enforced by the revolutionaries. Marxian Communism was about how to force and enforce the synthesis, thus, his idea of a synthesis was that human evolution as such is and shall be determined by an all-encompassing, synthetic, system. More
When Art Is Becoming Digital, Should Everyone Get a Piece?
Contrary to other types of commodities that went through a process of digitalization before becoming more accessible to the general public, the art world is not getting there yet. Until now, the digitalization of art seems to enhance the hyper competitiveness that exist in the secondary markets for art, crafts, and all kinds of cultural goods, making it relatively difficult to invest. More
Super Bowl and a Soup Bowl
Football is a community distilled product (“You’ll never walk alone” goes the Liverpool F.C. anthem, adopted, against all odds - in the Beatles city, from a Pink Floyd show tune). Football unevenly blends feelings brewed by a collective order civilization which yet reeks of a wriggling culture of conflict. Association football is, among the rest of the team sports, the paragon that can most successfully neutralize societal disaggregation. Unlike theatrical performance (with which it imparts the technical and tactical demands of the plot, the actors getting into a play of mutual relations in which the spectator is merely a “spy”), the soccer performers are participants in a web of mutually shared strategy game rules where the spectator solely intrudes as a spy. The football show will also stand apart from the gigs, say, a pop-rock concert (akin in that they both trigger deep visceral sensations, still distinct where the former lacks the gut feeling usually associated with inward mystery myths, while the latter is a product explicitly delivered to its fans). This game will always generate peculiar reactions. It re-unites there where entropic drives are marked: the football supporters will allow themselves to be drugged with the cause and the strategy of the game, only when they experience this excitement with the punter on the left, right, in front and behind. The football fan will thrive feeding not only on the peers sitting close in the stand but also on the combined energies of the crowd, shouting against opponents, yet strangely aggregated by the empathy for the other team supporters. Go! Go! Go! Boo! More
CAPITOL LETTERS (Ep. 2): “Enlightenment” and “Environment”
The Smithsonian Museums in Washington, D.C. are, par excellence, propitious places for memory. Universal, and also personal. Walking through the National Museum of American History, I made the acquaintance, in sculptural form, of a certain Mr. Thomas Alva Edison, and was reminded of what I had written about him a decade ago, when the EU was starting up its eco-crusade against its beloved baby, the incandescent lightbulb. I said back then: “Mr. Edison, a lightbulb went on in our good European heads and made us turn off your bloody wasteful invention, once and forever!” Mr. Edison is a grown-up, no doubt, and he knows how to cash in this historical punch. In his time, the brilliant guy is said to have “first” invented the lightbulb only after other gentlemen did the same before, but none had flashed the exquisite ideas to “fill in” a brighter-burning filament, to immerse it in a “more void” vacuum, while having a “more enduring” electrical resistance. Having gorged himself on patents and being the 4th most well-protected “luminary” in the history of technology, he became known for eagle-eyeing others’ ideas, while draping his own in government paperwork, for none could be allowed to think up similar ideas to him and independently of him. He then played God, despite being a free-thinking atheist, and libeled the alternative current of rival George Westinghouse by cunningly associating it with the electric chair, in whose creation Edison had had a hand in. More
How Migration Saved the White City
Few parts of the world can boast of a history as turbulent as that of the Balkan peninsula. Never quite East, nor quite West, it has been at the crossroads of different cultural and political influences throughout the centuries. One of the places that has suffered the most is Serbia’s capital, Belgrade.On the confluence of two major rivers, the Sava and the Danube, it has been coveted by many and, it seems, conquered by even more. This is the impression you get while walking through the city’s center. Old Balkan style buildings, next to lavish Art Nouveau and then simple Brutalist building right around the corner. Today, over 25% of the total population of Serbia lives in this city. Similar to most countries in Europe, Serbia is experiencing a problem with the aging of its population, as well as a significant “brain drain” ever since the 1990s. Most of Serbia is a source for emigration; however, Belgrade, as a coveted destination, has a net positive migration rate. The biggest university in the country and better job opportunities are just some of the reasons why. More
Romania, Last in the EU Regarding the Expected Duration of Working Life
Romania was placed last among the EU Member States regarding the expected duration of working life, according to data provided by Eurostat for 2021. The duration of 31.3 years was lower than in Italy (31.6 years), Greece (32.9 years), Bulgaria (33.1 years) and Croatia (33.5 years). The highest durations in the EU were recorded in the Netherlands (42.5 years), Sweden (42.3 years) and Denmark (40.3 years). More
A New Way of Solidarity within NATO
The NATO Summit that took place in Brussels on the 11th and 12th of July 2018 – almost one year before its recently celebrated 70th anniversary – was the Euro-Atlantic event that fueled great passion from the mass-media and the general public. I was invited back then to take part to a series of important debates at the Summit, where I had the opportunity to interact with NATO high officials, heads of states or governments, ministers / parliament members. At the same time, I had a few private meetings with NATO dignitaries / statesmen (including Paolo Alli, the Chairman of the Parliamentary Assembly of NATO, and Joseph Day, Senate Liberal Leader, from Canada), leaders of big international organizations specialized on security issues. I was also given the opportunity to publicly express my opinion on the future of the North Atlantic Alliance. More
Ersatz Liberals (Part II)
In my last communication, I have identified some issues based on which I would illustrate the weaknesses of those I called the ersatz liberals. I want to now add another issue, so I shall examine, below, five cases that are on the table of current political debate: a) a flat tax rate; b) tax adjustments; c) prices increases; d) social responsibility and solidarity on the part of the large companies; e) inter-dependencies between the private sector and the public sector. More
