The dog that didn’t bark: inflation and power in the contemporary capitalist state

Maximilian Krahé | Renewal 28/1

More than a decade after the global financial crisis, inflation in major capitalist economies remains very low. This tells us something important – and disturbing – about the weakness of social democracy in the twenty-first century.

Maximilian Krahé holds the SFPI chair at the Académie royale de Belgique. He is a co-founder of the German economic policy think-tank Dezernat Zukunft.