MMT is about the way the world actually works. It explains why big deficits do not drive up interest rates or “crowd out” private investment, and why big governments in big countries don’t go bankrupt.
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Austerity
The Guardian: More UK children homeless or in temporary housing than during crash crisis
While the Conservative government continues unperturbed its austerity programme the dramatic consequences for society are becoming increasingly visible. The tragedy is that behind all these neutral numbers there are real human beings. Read here
Finance
Business & Human Rights Resource Center: Amazon workers stage Black Friday protests across Europe & USA over ‘exploitative’ working conditions & low pay
Workers at Amazon warehouses and distrbution centres have staged protests – over low pay, poor working conditions and climate concerns – across Europe and the USA to coincide with the online retailer’s annual discounted shopping […]
Economics
Reuters: Rent strikes loom across Canada as coronavirus kills daily-wage jobs
Landlords across Canada should brace for rent strikes in May unless the government steps in with rental subsidies for occupants as the outbreak of new coronavirus decimates wages, industry groups and tenants said on Monday. […]
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