In Germany long-term price stability has meant suppression of wages. This has enabled its mercantilist policy, which has been so disastrous for the euro-nations.
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Climate Crisis
David Graeber: If Politicians Can’t Face Climate Change, Extinction Rebellion Will
A new movement is demanding solutions. They may just be in time to save the planet. Read here
Economics
Grace Blakeley: The US-China trade war is a distraction from the true failures of liberal globalisation
‘The problem isn’t Mexican migrants or Chinese factory workers — it’s the global elite that built an economic model so extractive, exploitative and unstable that it has provoked the kind of nationalist backlash not seen […]
EU politics
Carlo Martuscelli – Europe’s manufacturing slump shows no signs of ending
‘The eurozone manufacturing PMI fell to 45.6, a seven-month low, from 45.8, disappointing expectations for a modest increase to 46.0. In Germany the indicator came in at 42.6, a three-month low, while in France it fell for a second straight month […]
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