Claims that the finance sector brings jobs and revenue were exposed as a sham – and the rest of us inherited a legacy of debt
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Austerity
Richard Murphy: Tory austerity has delivered the worst decade for UK productivity growth since the 18th century
Should this be a surprise to anyone? The goal of austerity was to increase inequality, primarily at the cost of the poorest and weakest. Nothing more and nothing less. Read here
Economics
Heiner Flassbeck, Friederike Spiecker – The ECB’s interest rate hike is a grandiose mistake
The ECB’s decision on 2 February to raise interest rates again by 0.5 percentage points and to announce an equally large increase for March will go down in history as a grand misjudgement. Although it […]
Economics
Bill Mitchell: Champagne socialists in the banking sector reaping millions from public money
The rate hikes now being implemented by most central banks are not just allowing the commercial banks to widen spreads between deposit and lending rates which will generate significant windfall profits for the banks and […]
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