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.
Finance
ITF – Deliveroo Strike: Building the riders’ Roovolution
In the UK there is currently a major strike by Deliveroo workers. Their demands are for normal working conditions. It is the prevention of this that the gig economy lives. Read here
Climate Crisis
Richard Murphy: My vision for a Green New Deal
Prolific economic thinker Richard Murphy, preparing for a series of lectures in Glasgow and Edinburgh, at a Commonspace Forum, outlines his latest vision for a Green New Deal, as a global imperative, and incidentally a […]
Climate Crisis
The Guardian: Scores arrested as thousands block London bridges in climate rebellion
Protesters close five main bridges across Thames over extinction crisis in huge act of peaceful civil disobedience Read here
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