In a world of financialised globalisation, prices of food are not determined by the simplistic laws of supply and demand. Prices are determined by a wall of money wielded by relatively few, invisible speculators and aimed at largely unregulated global grain markets.
Climate Crisis
Reuters: Analysis: Europe’s Green Revolution? Italy’s spending plans raise doubts
The European Union is billing its 750-billion-euro pandemic Recovery Fund as the opportunity of the century to transform the region’s economy and help it lead the world in reducing carbon emissions. But a closer look […]
Uncategorized
Prime Economics: Jeremy Smith – Inflation and pay – Doing the wrong Something
Whatever the Bank of England is doing in the hope of reducing inflation, it is the opposite of what it needed. Read here
Economics
Bill Mitchell: The current inflation trajectory still looks to be transitory
The current inflation is transitory and a result of the Corona disruptions. That said these same disruptions appear to be returning, so this is long from over. Read here
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