Trickle down. Remember that? This was the idea that if we redirect real income towards capital by boosting profits via real wage suppression and/or corporate tax cuts, as if by magic, corporations will start investing the largesse in productive capital, which stimulates economic growth, and, the benefits ‘trickle down’ to the workers who made the initial sacrifices. The evidence base has never supported the idea yet it still resonates.
Amnesty International accuses Germany and twenty other European countries of growing repression against peaceful protests, stigmatising those with dissenting opinions and fuelling racist resentment against Arabs. Read HERE
An excellent analysis of the current electricity interruptions in China Read here
It is no wonder that Eastern Europeans do not want any refugees in their nations. Many living in working poverty do not need competition to further depress their wages. The question of refugees in Eastern […]
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