A lasting, well-rooted leftism requires an understanding of forces such as these – of why capitalism does not work as we would wish it to. Moralizing is nowhere near enough. The problem is that there are pitifully few institutions that enhance understanding and several powerful ones that actively militate against it.
Economics
Michael Roberts: Back to Front
Is it supply that drives an economy or demand? Read here
Austerity
Counterfire: The Greek fires: a catastrophe fuelled by austerity
Odd, looking for an article concerning the effect of austerity upon Greece’s ability to deal with the fires (there were numerable tweets from Greece on the topic), nothing could be found in corporate media. Read […]
Economics
Guntram B. Wolff: Germany’s current account surplus and corporate investment
Following the 1990s post-reunification period and since the beginning of monetary union, Germany’s current account has grown substantially. In the crisis years, Germany’s lost about 15 percentage points of GDP in its external investments, but […]
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