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.
Finance
David Graeber: We’re racing towards another private debt crisis – so why did no one see it coming?
From The New Statesman As in 2008 private debt threatens to provoke the next financial crisis in the United Kingdom. Once again the facts are being ignored by those financial instituions responsible. Read here
Economics
Cahal Moran – Top Marx for Pluralism
According to Marxist theory, the Tendency of the Rate of Profit to Fall (TRPF) leads to recurrent crises under capitalism. It’s a helpful device for framing the history of modern capitalism, from the profitability crisis of the 1970s […]
EU politics
Reuters: Swiss bank whistleblower arrested in Spain
Suddenly Europe is seeing a radical increase in political prisoners. Falciani is supposed to be extradited to Switzerland in exchange for the Catalan Marta Rovira. It will be interesting to see what Germany receives for […]
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