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)
“This is for the benefit of the citizens”, “We have consulted citizens and…”, “This is what citizens want.” The word “citizen” is regularly used by politicians and public authorities to justify their decisions. But sometimes […]
A federal appeals court upheld $25.2 million in damages Friday for a Bay Area man who contracted cancer after spraying Monsanto’s Roundup herbicide on his property for more than 26 years, the first federal court […]
Thomas Piketty calls for an annual wealth tax, in addition to a progressive income tax and inehritance tax. Not only in the USA, but in Europe as well. Read here
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