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)
President Macron’s dreams of a peaceful Christmas were dashed as striking workers rejected his plea for a holiday truce, during what has become the longest continuous strike in 30 years – longer than the victorious […]
Capital through its lobbying power has also meant that there is now democratic deficits rising all around the world. So, we don’t even get to express our political choices on an even playing field. Read […]
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