Ha-Joon Chang: “We need an economic literacy campaign so people understand the language used by the ruling class”. This is how it is going to be done.
Read here
Finance
Reuters: KPMG hit by Hong Kong High Court in $400 million China Medical fraud
Odd, not much happens to the Big 4 accounting firms in Europe. Read here
Climate Change
Digiconomist: Bitcoin Energy Consumption Index
The entire Bitcoin network now consumes more energy than a number of countries, based on a report published by the International Energy Agency. Read here
Finance
Renegade Inc: A Universal Basic Income is capitulation to capitalism
While sovereign governments (those that issue their own currency) can certainly afford a UBI, simply throwing money at a problem, instead of addressing its root cause presents serious concerns. Read here
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