Workers in emerging economies benefitted from globalization and workers in rich countries, on balance, did not. Overturning globalization, however, will neither work nor bring a real improvement to the Western middle classes.
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Austerity
Bill Mitchell: The abdication of the Left – redux – Part 1
If you have not yet read Reclaiming the State: A Progressive Vision of Sovereignty for a Post-Neoliberal World by Thomas Fazi and Bill Mitchell – a book one should definitely read – then here is a […]
EU politics
Renegade Inc: The Royal Bank of Scotland & the largest theft anywhere, ever…
Some things never change. Governments still protect banks. It does not matter what they do, as with the Royal Bank of Scotland. Read here
Economics
Brendan Maton – Branko Milanovic: Inequality in a meritocratic capitalist world
The recent university scandal in the USA is just another example of how the rich can secure their children success, although there may be little talent behind this. Read here
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