economy
February 19, 2026
What do the unions want?
The coming years will be marked by interconnected megathreats – wars, climate change, artificial intelligence replacing people. As well as fragmegration – a combination of simultaneous fragmentation of the world and regional, politically inspired integrations, or "balkanization of the economy" (Rubini, Varoufakis). This will be very bad for jobs, economies, markets, peace, and prosperity.
TL;DR
- Global threats include wars, climate change, and AI, leading to economic fragmegration.
- A 'billionaire's coup' by elites and the far-right is undermining democracy and workers' rights.
- The ITUC proposes a New Social Contract with 10 demands for social justice and economic fairness.
- Serbia exemplifies neoliberal policies leading to inequality, precarious employment, and a clientelistic state.
- The article argues for a shift towards shared power, economies serving people, and accountable international institutions.
Continue reading the original article