The Turkish debt inflation was inherently unsustainable; the only uncertainties were the timing of, and trigger(s) for, the reversal. But who will carry the burden of the consequences? Geoff Tily is a Senior Economist at […]
Abby Innes writes that the vote to leave the EU and the administrative chaos around it pull into focus the crisis we should have been talking about before: the failures of homegrown neoliberal policies and […]
The monetary data suggests not only that the “Euroboom” is over but that the trajectory looks downwards. Read here
It is interesting that corporate media and the political elite of Europe south of Scandinavia never likes to talk about this. Read here
Long but interesting analysis of the current state of the Turkish economy. Read here
Having lost much business due to new banking rules with regard to illicit money, Switzerland is looking for ways to regain lost business by dreating new legal loopholes. Read here
Costas Lapavitsas explains why Leftists and the Labour Party should not support remaining in the neo-liberal EU. We at Brave New Europe don’t take a position on Brexit. While we recognise that many dark and […]
A mix of distorted incentives, ignorance, confusion, and lack of accountability maintain a dangerous financial system Read here
Steve Keen discusses the nature of debt, why home prices will fall, and why the regulators and authorities are unable to disassemble the debt bomb.
Richard Murphy was asked recently to comment on a suggestion by a friend that socialism would always and inevitably destroy any society because it destroyed all incentives for any constructive human behaviour whereas capitalism did […]
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