Many commentators keep falling into the trap of saying that history is repeating itself – meaning that it is the 1970s over again. I maintain my position that this is not akin to what was going on in the 1970s although there are similarities – energy price rises accompanying war, etc. And if we make the same mistakes that were made in the 1970s now, then not only will the inflation persist but millions of workers will lose their jobs and their incomes.
Another must read from Wolfgang Streeck on the perils of American hegemony in Europe, in New Left Review’s Sidecar. Read the article HERE.
BRAVE NEW EUROPE cannot verify the statistics provided by DeStatis. DeStatis is not an independent body, but part of the German government Gross domestic product (GDP), 3rd quarter of 2023 -0.1% on the previous quarter […]
Rajoy may have departed, but this problem is not going away. Read here