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.
Sustainability
The Guardian: Warning of ‘ecological Armageddon’ after dramatic plunge in insect numbers
At least Monsanto, Bayer and the other multinational pesticide and GMO seed producers are still earning billions. Like Peter Thiel, those making the profits are probably buying estates in New Zealand, where they can go when the environmental […]
Economics
Lars Syll: For-profit schools corrupt educational systems — lessons from Sweden
This may come of little surpise. When one thinks about the fees that some universities charge, one can only wonder it they can afford to give their pupils poor marks? Read here
Corruption
Ende Gelaende 2018 – Germany: Hambach coal track and RWE digger blocked
Hambacher Forest: 6,500 activists block mining operations in the Rhineland coalfield, Largest action of civil disobedience of the German climate movement. Read here
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