What We Are Reading Today: Democracy and Prosperity by Torben Iversen and David Soskice

Updated 17 January 2019

What We Are Reading Today: Democracy and Prosperity by Torben Iversen and David Soskice

It is a widespread view that democracy and the advanced nation-state are in crisis, weakened by globalization and undermined by global capitalism, in turn explaining rising inequality and mounting populism. 

This book, written by two of the world’s leading political economists, argues this view is wrong: Advanced democracies are resilient, and their enduring historical relationship with capitalism has been mutually beneficial, says a review on the Princeton University Press website.

For all the chaos and upheaval over the past century — major wars, economic crises, massive social change, and technological revolutions — Torben Iversen and David Soskice show how democratic states continuously reinvent their economies through massive public investment in research and education, by imposing competitive product markets and cooperation in the workplace, and by securing macroeconomic discipline as the preconditions for innovation and the promotion of the advanced sectors of the economy. 


Where We Are Going Today: Bafarat Cafe

Updated 13 min 16 sec ago

Where We Are Going Today: Bafarat Cafe

The Bafarat Company was established in 1952 as an exporter of herbs, spices, and coffee. 

The business has been thriving since its formation. 

The Bafarat cafe is a place where the old meets the new, making this place ideal for every age group.

The cafe is one of Jeddah’s oldest and most popular spots for people to meet. 

Its products are completely worth the money and many of them are unique.

A personal favorite of mine has been their date cheesecake. 

As a huge fan of dates, this combination was a treat.

Cafes are usually known for their rare blends of coffee, but Bafarat prefers to keep it simple.

The simplicity works. Their cappuccino is a customer favorite and in my view it is one of the best cappuccinos in Jeddah.