It seems that there are different paths that policy makers can take within a capitalist monetary economy. They can allow corporations to profit gouge at the expense of the workers and then turn on the workers (creating unemployment) or they oversee a system where all parties (workers and corporations) take real income hits as a result of imported price pressures and wait it out. Japan is in the second category to its credit.
The global food system is impacted by the war in Ukraine, adding to the direct humanitarian and security crisis caused by the Russian aggression. Ukraine and Russia are major producers of grains and fertilizers, yet […]
A decade of austerity shredded public services and left millions of workers on the brink. It would be hard to imagine a policy more destructive to our capacity to respond to the coronavirus crisis. Read […]
The EU must develop the capacity “to shape global affairs” and act as “architect of tomorrow’s world,” declared Jean-Claude Juncker, President of the European Commission during his “State of the Union” speech yesterday. The speech […]
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