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Dominik A. Leusder is an economist and writer based in London.
Last week, the Bank of England decided to raise interest rates again in an attempt to curb rising inflation. The move will likely increase household debt and unemployment, worsening people’s living conditions.
Angela Merkel’s 16-year German chancellorship has finally come to an end. Though she presented herself as the sensible and stabilizing force in Europe, her tenure was characterized by economic neglect, obstruction, and brutal austerity.
Whatever its shortcomings, Thomas Piketty’s latest book, Capital and Ideology, is a serious attempt to map our social world without resorting to easy abstractions.