Political Economy

Political Economy

Vampire capitalism

It’s hard not to believe the end is nigh when the buying and selling of blood turns out to be one of America’s booming industries. The life-saving act of blood donation in Ireland operates on a voluntary basis, besides the odd celebratory pin, and people are expected to give out […]

Political Economy

Signs of the next economic crisis

Over the past two months we’ve been reminded constantly about the supposed health of our economy. Unfortunately, things are not as healthy as cherry-picked statistics might suggest—as anybody looking for a hospital bed or a home can clearly see. We’re highly vulnerable as a small, open economy to the vagaries […]

Ireland Political Economy

How a minor event shines a light

FROM TIME to time a seemingly minor event illuminates the nature of governance in a country. Such a moment occurred last month when the CEO of Apple, Tim Cook, was honoured in Dublin. There may have been a degree of electioneering on Varadkar’s part when he presented the IDA’s inaugural “special recognition award” to Cook. Nevertheless he echoed a long-held view among Ireland’s ruling business class.

Political Economy Trade Unionism

Turning a blind eye

Here is an old adage that if something appears too good to be true, it probably is. Moreover, responsibility goes both ways. Anyone buying something below its obvious market value without checking the origin has to know there is a real probability of illegality or outright criminality being involved.
The common perception is that such shady deals are done by petty crooks working from dark alleyways.