Abdication from national policy autonomy: what's left to leave?

Ton Notermans' article 'The Abdication from National Policy Autonomy' generally makes accurate observations but wrongly attributes the current woes of social democracy to authorities' changing priorities and faulty instruments. The crisis is in fact due to changes in the international economy, particularly the mobility of capital, that have rendered ineffective the traditional ways of democratically controlling the economy. Social democracies such as Sweden and Norway must seek new ways to control social investments, not least through the technology that enables capital mobility.