We struggle to think of anything analogous in the history of the automotive industry, in which a brand has lost so much value so quickly,” wrote JP Morgan analysts this week. They were describing the reputation crisis facing Tesla, one of the world’s leading electric vehicle manufacturers. The problem for Tesla is straightforward: their CEO, Elon Musk, has embraced hard-right politics. He has supported the neo-Nazi-friendly AfD party in Germany and even made a gesture that looked an awful lot like a Nazi salute at Donald Trump’s inauguration. (Nazis were certainly thrilled by it.) Musk has a leading role in a presidential administration that is waging war on the civil service and gutting climate and environmental policies.
EU politics
Reuters: EU digital tax plan flounders as states ready national moves
Oh well. This is going the way of the financial transaction tax and stopping tax evasion. The EU is simply a neo-liberal organisation in service of the transnational corporations. Read here
Climate Crisis
Reuters: EU court rejects cities’ bid to curb car emissions
Again the European Court of Justice usurps the right of local governments to protect the health of their citizens. All in the service of corporate profits. Interesting is the fact that Germany keeps its name […]
EU politics
Reuters – Just Eat to add 4,000 workers on new contract terms in Italy
Just Eat said on Tuesday it would hire some 4,000 riders in Italy in order to comply with a decision by an Italian prosecutor aimed at improving conditions for workers of the gig economy. A […]
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