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.
Related Articles

EU politics
Chantal Mouffe: Populists are on the rise but this can be a moment for progressives too
September 10, 2018
Mathew D. Rose
EU politics, Finance, Inequality, National Politics, Neo-Liberalism in the EU
0
Neoliberalism has created genuine grievances, exploited by the radical right. The left must find a new way to articulate them Read here

Austerity
Nick Dearden: The EU is unhealthily biased toward austerity – that’s why it’s now in a budget standoff with Italy
November 6, 2018
Mathew D. Rose
Austerity, Economics, EU politics, EU-Institutions, Finance, National Politics, Neo-Liberalism in the EU
0
In 2008, Europe’s leaders promised to discipline finance. Instead, it is Europe’s people that were disciplined Read here

EU politics
Reuters: Poland files complaint with EU’s top court over copyright rule change
Poland has submitted a complaint to the European Union’s top court against copyright rules adopted by the bloc in April to protect Europe’s creative industries, which Warsaw says may result in preventive censorship. Read here
Be the first to comment