This is the result of the financialisation of homes. Dirty money, be it from developing nations or the rich in the advanced economies is seeking secure havens. And what is more secure than nations, like those of the EU, which protect such transactions via weak regulatory systems. That this has occurred has to do more with a few judges and prosecutors in Spain than a efficient rule of law.
Finance
Guillaume Lepecq: Why Cash is Essential in the 21st Century
Cash possesses a set of unique benefits. It is universal, non-discriminatory and available to all. It is simple to use across a range of transactions. Ultimately, it is also anonymous and private, making it essential […]
Economics
Chris Dillow: Against work
Why is work considered so important – and do we need so much of it? Read Here
Corruption
Prem Sikka: There’s a grimly familiar Story behind Thomas Cook’s Collapse
The holiday provider’s collapse highlights corporate governance and regulatory failures while the gravy train for directors continued. Read here
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