Economics
Dani Rodrik: Why nation-states are good
The nation-state remains the best foundation for capitalism, and hyper-globalisation risks destroying it Read here
Financial Institutions
Economics
Ann Pettifor – On Theresa May, Danny DeVito and ‘other people’s money’.
Once again we are posting an article about how governments finance themselves. We do this because most people in the EU still believe that taxes are the source of government spending. It is not. In […]
Austerity
Stathis Kouvelakis & Costas Lapavitsas: Syriza’s Repressive Turn
Alexis Tsipras’s government promised to end austerity. Now it’s defending the banks against people evicted from their homes — and persecuting those who protest. Read here
Corruption
Bloomberg: The Hypocrisy of Outrage Over Danske Bank
The fight against corruption depends on whether it wins votes. Read here
Economics
Mariana Mazzucato: Who Really Creates Value in an Economy?
Ten years after the global economic crisis, profits have recovered, but investment remains weak. Ultimately, the reason is that economic policy continues to be informed by neoliberal ideology and its academic cousin, “public choice” theory, […]
EU politics
Michael Roberts: Regulation of banks does not work
There is one big lesson from the Danske Bank money laundering scandal. Regulating the modern banking system does not work. Modern banks are now primarily giant hedge fund managers speculating on financial assets or they […]
Economics
Nick Shaxson – The Finance Curse
The financial sector is hailed as the crowning glory of the UK economy. But as it blooms, everything else withers. This is true wherever the financial sector becomes dominant in the economy, similar to what […]
Economics
Ashoka Mody: Why the euro failed
A 1700-word summary of Euro Tragedy. So if you do not manage to read this outstanding book, this is the next best thing. Read here
Corruption
Nick Shaxson – The finance curse: how the outsized power of the City of London makes Britain poorer
The financial sector is hailed as the crowning glory of the UK economy. But as it blooms, everything else withers. This is true wherever the financial sector becomes dominant in the economy, similar to what […]
EU politics
Reuters: U.S inquiry deepens Danske money-laundering crisis
Why are corrupt EU banks so afraid of US investigations, but appear not to be concerned about consequences from the EU? Read here