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.
Climate Crisis
DeSmog UK: Emissions From Burning Oil ‘Not Relevant’ to North Sea BP Permit, Says UK Government
Greenpeace has taken the Department for Business, Energy and Industrial Strategy to court over the Vorlich oilfield permit granted to the oil company in 2018. Read here
Corruption
ICIJ: Why has the European Commission not investigated Lux Leaks tax deals?
WHY has the EU Commission not investigated the Lux Leaks tax deals? Can Commission President Juncker & former PM of Luxembourg prove there’s no conflict of interest? Read here
Climate Crisis
Bill Mitchell: The financial markets should be kept away from the climate crisis solution
The narrative that has emerged – that the financial CEOs with “trillions in assets” (all at COP26 because they could smell lucre) are a key to solving the climate challenge – is as ridiculous as […]
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