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.
Economics
Bill Mitchell: Why has Japan avoided the rising inflation – a more solidaristic approach helps
It seems that there are different paths that policy makers can take within a capitalist monetary economy. They can allow corporations to profit gouge at the expense of the workers and then turn on the […]
Energy
DeSmog UK: Statoil Drops ‘Oil’ From its Name, But Not its Business Model
Admittedly Norway uses its oil wisely and socially, but fossil fuel is fossil fuel and CO2 remains CO2. This cannot be the solution. Read here
Austerity
Thomas Piketty: Social-nativism, the Italian nightmare
Piketty brings together two simple phenomena: a neo-liberal EU resulting in a neo-liberal/far-right success – in this case in Italy. Read here
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