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.
Austerity
CNA: French travellers face train disruption as pension strikes go on
Two weeks of nationwide industrial action against President Emmanuel Macron’s planned overhaul of the pension system have disrupted railways and roads, shut some schools and brought more than half a million people onto the streets. […]
EU politics
VilaWeb: Spain denies NGO rescue boat permission to leave Barcelona’s harbour
Social Democrat government refuses to allow Open Arms to begin migrant search and rescue mission in Libyan waters Read here
EU-Institutions
Netherland Times: 10 cities call for EU support against Airbnb
Cities say short-term holiday lettings market is contributing to soaring long-term rents. The notoriously neo-liberal European Court is trying to stop cities from regulating companies such as Airbnb. Read here
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