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.
Corruption
The Guardian: Lawyer says Foreign Office told her to ignore EU corruption evidence
A typical example of the daily corruption endemic in the EU. The EU’s attitude towards whistle-blowers appears to be similar to its attitude towards democracy: both just get in the way of the EU elite […]
Austerity
George Monbiot: Look to Sheffield: this is how state and corporate power subverts democracy
The destructiveness and reach of neo-liberalism is made clear in this piece by George Monbiot. It is a question of felling some trees in the city of Sheffield in the UK, but one can see […]
Economics
Bill Mitchell: European Central Bank research provides a withering critique of mainstream macroeconomics
Although Bill Mitchell warns that “this blog post considers some very technical material” he does an excellent job of explaining what it all means. Read here
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