During the GFC, a new phenomenon emerged – the ‘We knew it all along’ syndrome, which was characterised my several mainstream New Keynesian macroeconomists coming out and claiming that some of the insights provided by Modern Monetary Theory (MMT) economists were banal and that their own theoretical framework already accommodates them.
What Prem Sikka writes is relevant for most of Europe. Austerity has not only meant cutting back necessary public spending, ubt also a major inequlity in the distribution of wealth. In the meantime we are […]
So we have it again. The commodification of human beings. It used to be known as slavery, now it is called “income sharing”. Isn´t the Sharing Economy so wonderful! Read here
In Europe we shall have the same problem as people in Africa and the Near East are confronted with the devastation of climate change. Read here
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