Capitalism contains many dysfuntional incentives – ones that constrain innovation and encourage rent-seeking.
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Economics
Germany’s dirty little Nordstream 2 deal with the USA
Germany’s offer to support US liquid natural gas if they could have their Nordstream 2. Nordstream 2 has been hailed as an EU project, so why is the EU not doing the negotiating and bribing? […]
Austerity
The Local fr: With no Christmas truce, transport strikes continue across France on Monday
With unions ruling out a ‘Christmas truce’ strike action continues in France on Monday, with public transport still badly disrupted and power cuts over the weekend. Read here
Austerity
Bill Mitchell: The European Commission non-stimulus is a waiting game before new austerity is imposed
As the world sinks into the deepest crisis in more than 100 years, we have had a succession of demonstrations of what is wrong with the structure of the European Union. Read here
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