We have been here before. To keep the economy too much money has been leant to those who cannot repay their debts. It does not take much imagination to guess what follows.
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Positive Money: UK consumer credit approaches 2008 peak
Media
Tom Mills: Britain – Even centrists are losing faith in the BBC
This is problem with what used to called “balanced journalism”: serve elite interests and maintain public trust. As the elite moves towards the neo-liberal creed of winner take all, this practice has been jettisoned. Mill has […]
Economics
CNBC: Druzhba pipeline leak reduces Russian oil flows to Germany
Polish pipeline operator PERN said Wednesday that a leak detected on one of its Druzhba pipelines bringing oil from Russia to Europe was likely caused by an accident. Mateusz Berger, Poland’s top official in charge […]
Economics
Prem Sikka: The economy after Covid: It’s time to bust some neoliberal myths about debt
The right will try and push for a new round of cuts after this crisis. It would be economically illiterate to do so, writes Prof Prem Sikka. Read here
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