The best way to help workers is to create conditions which increase their bargaining power – which give them the option of using Johnny Paycheck’s words: “take this job and shove it”.
Austerity
Bill Mitchell: Left-liberals and neoliberals really should not be in the same party
In four short articles Bill Mitchell addresses the need for progressive politics to free itself from neoliberal language, constructs and economists. Its a good read for the weekend. Read here
Corruption
Reuters – Explainer: Europe’s money laundering scandal
A nice summary of EU money-laundering – up to now. This story still has a lot of road ahead of it as the US authorities tend to be more strident in their investigations (see the […]
Economics
Bill Mitchell: IMF and World Bank at odds with each other over interest rate hikes
The inflationary surge is not a demand event and will not be resolved by further cutting nominal incomes. Read Here
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