Edward Hadas

Grocers, cars and market forces

March 23, 2015

The competitive markets of traditional capitalism help make modern economies successful. But they cannot do everything.

The big question for asset managers

March 12, 2015

The little question for asset managers is why they earn so much. Buyside pay could soon overtake that of the investment bankers, the traditional “masters of the universe.” But the bigger question is what the industry should do with the $150 trillion it manages.

Negative rates and postmodern money

March 5, 2015

Negative interest rates show finance has gone postmodern. The system has become self-referential and value-free, in a way that might please cultural theorists. That’s supposed to help the real economy run more smoothly. But it’s risky, high-handed and not fair to savers.

UK voters deserve some dreamers

March 2, 2015

By Edward Hadas

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

What Greece teaches emerging markets

February 18, 2015

If Greece had its own currency, the country’s crisis would attract little attention. On the contrary, the economic news from Athens would be all too familiar to followers of countries which have trouble increasing their citizens’ average annual income to much above $25,000. Such middle-income countries have a habit of running into fiscal or financial trouble.

The redundant fictions of Greek debt

February 4, 2015

By Edward Hadas

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

Markets can prosper with new left

January 27, 2015

Outsider parties are disrupting the political system in many developed economies. Greece is leading the way, with Syriza’s victory in the Jan. 25 election on a platform of radical economic change. Spain, where the new Podemos party leads the polls, could follow later this year. Fringe movements are also gaining traction in France, Italy and the UK. Something similar is happening even in the United States, where the Tea Party movement is shaking things up from within one of the established parties.

Finance more worrying than politics

January 22, 2015

Which is the bigger threat to the world’s peace and prosperity – geopolitical conflict or financial disarray? In a more violent world, it is easy to forget the significant danger posed by finance.

Reducing inequality – where to start?

January 19, 2015

By Edward Hadas

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

The oil price is just plain wrong

January 5, 2015

The price sign outside Costco in Westminster, Colorado, shows gas selling for $1.81.9 for the first time in years

The oil price is still too high, often too low and much too volatile. In other words, this is a market that doesn’t work well for anyone.