The material dimensions of capitalism are staggering. In 2020, the amount of human-made mass exceeded for the first time the dry weight of all life on Earth. Its current increase corresponds to each person on the globe producing more than their body weight every week.
Austerity
Bill Mitchell: European Union – business as usual as the madness continues
“With another cyclical downturn approaching, the European Commission continues to conduct its affairs in a sort of time warp, divorced from reality.” Read here
EU politics
German Foreign Policy: Further Humiliation for German Foreign Affairs
The German Bundeswehr must terminate its failed operation in Mali ahead of schedule. The quest for independence from the West is gaining momentum in Mail and in neighboring Burkina Faso. Read HERE
Economics
Bill Mitchell: The current inflationary period is not remotely like the 1970s
The problem is that central bankers keep referring to wage-price spirals and expectations to justify their decisions to hike rates. The reality is that those justifications are just smokescreens and there is no justification for […]
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