“Capitalism hasn’t come into doubt because people woke up stupid one morning. It’s in question because it has stopped delivering the goods.”
Read here
Chris Dillow: HOW TO DEFEND CAPITALISM
EU politics
Amnesty International – EU: Diminished “Operation Sophia” abandons refugees and migrants to reckless Libyan Coast Guard
We need to apologise. We had assumed that a scandal of this dimension would be covered by European mainstream media and thus felt we need not post an article. How wrong we were. Read here
Austerity
Simon Wren-Lewis: The micro incompetence of UK austerity
It is good to read a piece by an economist, which puts politics back into austerity. Read here
Finance
Shaun Richards: The Novo Banco saga has been one of misrepresentation and woe
Ín 2014 Portugal’s Central Bank bailed out the Banco Espírito Santo, S.A with 4.4 Billion Euros. Banco Espírito Santo, was, as so often the case when banks are “saved”, split into a bad bank with all […]
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