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
Chaminda Jayanetti – Carillion: A story of Britain’s fake markets
The problem for Chaminda Jayanetti was that most of the areas in which PFI operates are “fake” markets with no true competition. “These markets are fake because they are entirely dependent on the taxpayer” Read […]
EU politics
The Guardian: Uber Eats couriers’ pay protest brings traffic to a halt in central London
While Uber Eats is preparing to buy Competitor Deliveroo for around two billion dollars, employees are already being made to pay the price. Read here
EU politics
German Foreign Policy: Export World Champion under Pressure
Berlin seems ready to envisage a revival of the Transatlantic Trade and Investment Partnership (TTIP). This strategic decision is accompanied by a clear frontline position against China, as was resolutely demanded by the Trump administration. […]
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