Innisfil, Ontario, decided to partially subsidize ride-hailing trips rather than pay for a public bus system. It worked so well that now they have to raise fares and cap rides.
Austerity
Bill Mitchell – When disaster strikes the poorest nations, the IMF guarantees to make it worse
While even many progressive economists were effusive about the advances being made in IMF policy the same neo-liberal destruction continues in practice. Read here
Economics
Larry Elliot: In Second Gilded Age, Trump shows no sign of taking on rigged system
Do not be distracted by the title. This is an excellent article explaining the current Second Gilded Age and the ‘Medici vicious circle’, where money is used to get political power and political power is […]
EU politics
Prem Sikka: Unpicking the City of London’s new finance sector propaganda
A new report paints a rosy picture of the finance sector’s tax contribution. Prem Sikka digs a bit deeper… Read here
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