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
Yiannis Βaboulias: “Orientalising” Greece in the international press and how we’re missing the coming threat.
This is a pan-European problem, unfortunatley reported in a national perspective. Read here
Economics
Chris Dillow: Socialism in one country
What I mean is simply that (some form of*) capitalism suits some countries better than others. And perhaps the UK is not one of these. Read here
EU politics
El País: Spanish sailor faces 30 days in custody for signing declaration against Franco
Maybe Yanis Varoufakis and DiEM will be too late to reform the EU and prevent the rise of fascism. Read here
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