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.
National Politics
The Kyiv Independent – Russia takes Bakhmut: Taking stock of the war’s bloodiest battle so far
Ten months after Russia’s assault on the once-flourishing city in Donetsk Oblast began, Bakhmut has now been effectively occupied by Russian troops. Read HERE
Geopolitics
Neofascism, Imperialism, War, and Revolution in the Middle East – Interview w/ Gilbert Achar
Interesting perspectives on where the world is today and where it’s going. In ‘International Viewpoint’. Read the article HERE.
Economics
Eurostat – Green energy products 2020: EU imports exceed exports
Not terribly auspicious for creating well paid jobs in the renewable energy sector, but then Germany wants blue hydrogen, so that’s OK Read here
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