Each time this modern variant of financial capitalism gets ahead of itself, the main players – who are usually content pocketing excessive profits – always come running back for life support from the state.
The privatise the gains, socialise the losses story. Repeated.
A view in Monaco with yachts moored at Port Hercules during the 22th edition of the International Monaco Yacht Show. The Monaco Yacht Show is considered the most prestigious pleasure boat show in the world with the exhibition of 500 major companies in the luxury yachting and a hundred super and megayachts afloat. The event runs until September 22. (Valery Hache/Getty Images)
The German Foreign Ministry presents its draft strategy for escalation of the power struggle against China, planing Taiwan’s integration and economic coercion measures – such as boycotts of entire regions. Read Here
If you look at the chart, you will discover that in the 4th quarter of 2019 German GDP was at about the same level as in the 4th quarter 2025 – and in that quarter […]
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