The worst months of the crisis are behind us. But the situation remains tense: unemployment is high, the Fed is pumping more money into the markets. Have we done enough to reform the financial markets - or are we merely biding our time until the next storm hits Wall Street?
High-frequency trading has revolutionized the financial industry. The market is quick – too quick, and too uncontrollable.
Mounting consumer debt cripples Americans and prevents America's economic recovery. How did we dig ourselves into that hole? It began when debts became a marketable commodity. When the markets went haywire, the crisis was born.
Financial capitalism has lost its legitimacy. The spiral of ever-increasing national debt and Wall Street speculation must be broken. And we must speak up against rhetorical embellishments that try to sell "business as usual" as the only option.
Moody's has downgraded Portugese and Irish bonds as the countries' debt increases - and contributed to market skepticism. But would a European rating agency solve the problems? We need to reduce our reliance on ratings - and we must not sugarcoat poor economic performance.
Little has changed in the financial sector, banks are still generating revenues from credits instead of equity. We do not have to overthrow the system - but we need to implement more market discipline.
Now that the worst seems to be behind us, government and pundits are quick to demand financial austerity. That is the wrong approach. He needs to ensure liquidity of the markets to jump-start growth while pressing ahead with regulatory reforms. Compromise is poison.
The imbalances in the global financial system have not been resolved. Crisis is likely to strike again unless we can pursue new creative economic stategies, expand accountability and enable democratic participation.
What decisions would we make if we deliberated carefully about public policy? Alexander Görlach sat down with Stanford's James Fishkin to discuss deliberative democracy, parliamentary discontent, and the future of the two-party system.
For many Europeans the massacre in Arizona is another evidence that political violence is spreading in the United States but this unfortunate event was the deed of a mentally ill person, not a political activist. There is no evidence of an increasing political extremism tearing America apart. Using
The US and Russia don't agree on much - but they are both keen to develop a good relationship with India. How do we know? Look at the arms trade.
More than 50 percent of the world's population now live in cities – and there is no end of urbanization in sight. Harvard economist Edward Glaeser believes urbanization to be a solution to many unanswered problems: pollution, depression and a lack of creativity. He spoke with Lars Mensel about the
Contrary to the mantras repeated by the press, HIV infections are not increasing. We need to move away from activist scare tactics and towards complex risk management strategies.
Nick Bostrom directs the Future of Humanity Institute at Oxford University. He talked with Martin Eiermann about existential risks, genetic enhancements and the importance of ethical discourses about technological progress.