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
Amnesty International – Britain: Stansted 15 verdict is ‘crushing blow’ for human rights in the UK
This is a truly appalling miscarrage of justice. There is no reason for criminalising citizens for doing their democratic duty. The 15 human rights defenders always insisted they were acting to prevent what they believed […]
Corruption
The Guardian: Uber pushed for UK congestion charges that would hit poor hardest
Two neo-liberals have a meeting. A Tory minister, notorious for his incompetence in public transport – or attempt to destroy its credibility, who wishes to further privatise public transport, and the CEO of an international […]
Economics
Bill Mitchell – The effectiveness and primacy of fiscal policy – Part 1
That monetary policy has lost its effectiveness is common knowledge, although neo-liberal governments and economists continue their policy of pretend and extend. Bill Mitchell addresses the political aspect of fiscal policy as the alternative. Read […]
Be the first to comment