Each time this modern variant of financial capitalism gets ahead of itself, the main players – who are usually content pocketing excessive profits – always come running back for life support from the state.
The privatise the gains, socialise the losses story. Repeated.
A view in Monaco with yachts moored at Port Hercules during the 22th edition of the International Monaco Yacht Show. The Monaco Yacht Show is considered the most prestigious pleasure boat show in the world with the exhibition of 500 major companies in the luxury yachting and a hundred super and megayachts afloat. The event runs until September 22. (Valery Hache/Getty Images)
Odd that this did not come from the EU. The UN human rights chief called Wednesday for a “full investigation” into the possible excessive use of force by French police during the “yellow vest” demonstrations. […]
New orders in manufacturing: September 2025 (in real terms, provisional): +1.1% on the previous month (seasonally and calendar adjusted) -4.3% on the same month a year earlier (calendar adjusted) Read Article HERE
” I first published this very incomplete book on November 28th 2019–for reasons that will become obvious if you read the attached PDF. I have added just a few more details in the subsequent two […]
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