Why and how the ECB should write off its debts and continue taking over member states ost-COVID investment costs.
Read here
Bill Mitchell: Central banks should just write off all their government debt holdings
Climate Crisis
Bill McKibben – Trust Is Hard to Find at the U.N. Climate Summit in Glasgow
Young activists are right to doubt the pledges of governments, financial firms, and the fossil-fuel industry. Read here
EU politics
Bloomberg: Europe Is Too Exposed to Italy to Let It Go
French and German banks have more than $400 billion at stake and would lose big if the country left the currency union. Read here
Economics
Cahal Moran – Top Marx for Pluralism
According to Marxist theory, the Tendency of the Rate of Profit to Fall (TRPF) leads to recurrent crises under capitalism. It’s a helpful device for framing the history of modern capitalism, from the profitability crisis of the 1970s […]
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