Who says that trickle down does not work?. For almost two years progressive economist have been hammering away that although governments have debts, they also have assets. Translated, you may have a mortgage of 100,000 euros (Heavens above, you are in debt!), but a house worth 500,000 euros (actually not so bad). While in many instances, public debt cannot be compared to private debt, in this one instance you can. If the British government purchases the railways, it may have debt, but it also has the railways. It took a while, but Aditya Chakrabortty has always been the intellectual avant garde among journalists. Other journalists will follow – and this fact will eventually reach voters. Hopefully before the general elections.
EU politics
Aditya Chakrabortty: The problem is not capitalism. It’s that the Tories aren’t much cop at it
From The Guardian This is a brilliant criticism of Thatcherite policy – its collapse and how and why it has failed. Read here
EU politics
Nils Melzer – Julian Assange: A Murderous System is being Created Before our Very Eyes»
A made-up rape allegation and fabricated evidence in Sweden, pressure from the UK not to drop the case, a biased judge, detention in a maximum security prison Read here
Economics
Bill Mitchell: Helping ease food insecurity and starvation requires governments to ban bankers speculating on food prices
Governments are captive to the big food speculators and big farm corporations Read Here DFID – UK Department for International Development licensed under the Creative Commons Attribution 2.0 Generic
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