Book Review: ‘Shared Prosperity in a Fractured World’, by Dani Rodrik

Writing in 2011, as our economies struggled for traction after the global financial crisis, Dani Rodrik identified what he called a “globalisation paradox”. The Harvard economist contended that it was impossible to simultaneously have democracy, national sovereignty and deep economic globalisation: what he called a “trilemma”.

With neoliberalism then already in crisis, Rodrik’s analysis prefigured in some ways the political economy of the subsequent decade and a half: Brexit, the election of Trump, Bidenomics, the turn away from hyperglobalisation towards democratic accountability and national sovereignty. For a country such as Ireland that adroitly surfed the surging waves of globalisation, this new dispensation poses risks and challenges for the decades ahead. Ireland is a poster child for the very model Rodrik says has run its course.

*** A version of this book review was first published in The Irish Times on 3 January 2026 ***

Continue reading

Book Review: The Land Trap: a New History of the World’s Oldest Asset

‘The Field’ is perhaps the quintessential Irish drama. Bull McCabe embodies a
nation’s enduring obsession with land, an obsession hardly dimmed by the self-
inflicted housing crash of 2008-2011. To this day, housing is our most pressing public policy challenge, the property ladder still dividing ‘the smug from the damned.’

Those inclined to Irish exceptionalism may think ‘it could only happen here’. Mike Bird’s ‘The Land Trap’ shows it to be a near universal affliction. Bird, a journalist with The Economist, writes with verve and clarity, tracing  land’s role in global economic history, from ancient Babylon to modern-day Beijing. And yes, Ireland is a recurring case study, from the 19th century Land War to our 21st century housing crises.

*** A version of this book review was first published in The Irish Times on 20 December 2025 ***

Continue reading

Book Review: Nordic Socialism: the path toward a democratic economy

Pelle Dragsted is a Danish opposition MP with – and chief spokesperson of – the Red-Green Alliance. HisNordic Socialism: The Path Toward a Democratic Economyis a rousing invitation to reimagine the possibilities of socialism – neither as utopian dream nor Soviet nostalgia, but a successful living example embedded in and underpinning the Nordic model.

For Dragsted, the question isn’t whether socialism is feasible; it’s whether Denmark can go further and build on its existing institutions of economic democracy. For Irish readers enamoured of the Nordic model, a key question is which elements of this ambitious framework can usefully be emulated.

*** A version of this book review was first published in The Irish Times on 16 August 2025 ***

Continue reading

Book Review: ‘Burn Them Out! A History of Fascism and the Far Right in Ireland’ by Pádraig Óg Ó Ruairc

Many will have been shocked at the violent turn taken by anti-immigration protests in Ireland in recent years, with calls to ‘burn them out’ of their emergency accommodation. Indeed, there have been several cases of arson. But, this is not the first time these tactics have been used by the far-right here. Assault, arson and even murder were all part of the toolkit of the Blueshirts in the 1930s.

While it may have lain relatively dormant since the mid-20th century, Ireland has a long history of far-right agitation, including by more-or-less explicit adherents to fascist ideology. This history is the subject  of ‘Burn them out!’,  a new book by Pádraig Óg Ó Ruairc.

*** A version of this book review was first published in The Irish Times on 12 April 2025 ***

Continue reading

‘The old is dying and the new cannot be born’

Book Review: ‘Abundance’, by Ezra Klein and Derek Thompson, ‘The Care Economy’, by Tim Jackson, ‘The Measure of Progress’, by Diane Coyle

Finance. ClimatePandemic. Inflation. Housing. Geopolitics. We are nearly two decades into what has been termed a global “perma-crisis”. Antonio Gramsci, the Italian communist imprisoned by Mussolini, famously said that “the crisis consists precisely in the fact that the old is dying and the new cannot be born; in this interregnum a great variety of morbid symptoms appear”.

If it was the 2008 global financial crisis that shattered any illusions of uninterrupted progress, we are still witnessing all manner of “morbid symptoms”: from Brexit to Trump to the rise of the far right and the apparent accommodation of revanchist Russia. Three ambitious new books take a look at what ails the political economy of liberal democracy, and how we can chart a course to a better future.

*** A version of this book review was first published in The Irish Times on 29 March 2025 ***

Continue reading

Ireland is not full

Ireland is not full. We don’t have an immigration problem. We have a capacity problem. And that’s because of a decade of enforced austerity and low public investment after our financial crisis. We have chronic housing shortages, critical infrastructure gaps and public services near breaking point.

Rightly, Ireland has acted in solidarity with Ukrainians fleeing war. In addition, the number of people seeking asylum in Ireland hit a record in 2022. Arrivals from both sources have slowed in 2023, but together amount to a 2% jump in our population in just 18 months. Yes, this exacerbates our capacity problem. But, Ireland is not full. We have one of the lowest population densities in Europe.

Continue reading

Book Review: ‘Power and Progress:            Our Thousand-Year Struggle Over Technology and Prosperity’, by Daron Acemoglu and Simon Johnson

Recent years have seen somewhat of a populist backlash to globalization, and trade and immigration in particular. Seemingly less controversial are technological advances that have changed the way we work, play, learn and interact. Indeed, a certain brand of techno-optimism looks to the ‘white heat’ of technology as humanity’s savior, whether to tackle climate change or provide us all with lives of infinite leisure, unconstrained by the physical limits of planet Earth. Often, those who challenge the prevailing narrative are dismissed as neo-luddites, standing astride the march of progress yelling stop.

A new book by two esteemed MIT economists presents a necessary corrective. Simon Johnson was Chief Economist of the IMF at the onset of the global financial crisis. Darren Acemoglu, an important thinker in political economy, co-authored the influential Why Nations Fail in 2012 and The Narrow Corridor in 2019. They have teamed up to write Power and Progress: Our Thousand-Year Struggle Over Technology and Prosperity.

*** A version of this book review was first published in The Irish Times on 12 August 2023 ***

Continue reading

Argentina Poised to Lurch to the Right

Argentina’s World Cup triumph in December 2022 prompted a predictable outpouring of national joy. But, the feeling was to be short-lived as the country reels from a devastating drought that is exacerbating one of the country’s periodic economic crises.

The inflation rate is over 100%. The economy is flatlining. More than a third of the country is in poverty. Talks are ongoing to restructure the country’s $44bn IMF bailout. Meanwhile, approval of the Peronist government is barely in double digits.

Against this backdrop, Argentina prepares to go to the polls. On August 13th, all potential candidates will participate in a single, national primary election that will winnow down the field to a single standard-bearer for each party or electoral coalition. The first round of the Presidential election proper will take place on October 22nd. Current President, Alberto Fernández, announced earlier this year that he would not seek re-election.

Continue reading

Independent Trade Unions Enjoying New Lease of Life in Mexico

Donald Trump was no friend of the labour movement, nor of Mexico. But, ironically, his saber-rattling around trade policy led to the renegotiation of NAFTA and – following pressure from the US’ AFL-CIO during those negotiations – a landmark labour reform in Mexico which saw significant strengthening of independent trade unions there. This means more leverage for Mexican workers campaigning for better pay and conditions as well as reduced risk of US-based employers shifting – or threatening to shift – production to Mexico to take advantage of lower wages and labour standards.

Continue reading

Weekly shop increases aren’t driven solely by higher costs – what about company profits?

We are hearing more and more talk of price gouging – or ‘greedflation’ – as a driver of rising prices since the Covid-19 pandemic. What does the latest data say?

From its mid-summer peak last year, headline inflation has been slowing through the first four months of 2023. But, prices are still high and rising faster than any of us can be comfortable with. At more than 13%, the rate of increase in prices consumers pay for basic foodstuffs is nearly double the headline rate. Even before the latest surge, Ireland already had the third highest food prices in the EU.

*** This article was first published at thejournal.ie on 7 June 2023 ***

Continue reading