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 an exceptionally important article about a topic that is being conveniently ignored by most mainstream media. Energy industry in particularly fights back against planned new rules on green labelling Read here
By December this year the European Council must vote on the EU Commission’s proposal to withdraw budgetary funds from Hungary under the Rule of Law Conditionality Regulation. Read Here Photo: Ank Kumar
It is obvious that a successful degrowth strategy will require a massive redistribution of income and wealth. That means dismantling the neoliberal institutions that have overseen a massive shift towards higher income and wealth inequality. […]
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