In the Financial Times, Martin Wolf noted a few days ago that imbalances in international trade are back on the political agenda. Although Wolf reaches entirely reasonable conclusions regarding mercantilism, he nevertheless states that it is nonsense to claim that the US trade deficits can be eliminated solely through trade or exchange rate policy. He believes that this would “also require macroeconomic adjustments, in particular a reduction in the US public budget deficit, which the IMF forecasts at 7.5 per cent of GDP for 2026”.
EU politics
The Guardian: Uber Eats couriers’ pay protest brings traffic to a halt in central London
While Uber Eats is preparing to buy Competitor Deliveroo for around two billion dollars, employees are already being made to pay the price. Read here
EU politics
TUC . New TUC analysis reveals child poverty set to soar by 1 million in eight years
It would be interesting to have numbers from the other EU nations. By the way, neither being in the EU or Brexit seem to have made things better. The problem is simply neo-liberal ideology. You […]
EU politics
David Cronin: Genocide denier heads group seeking to muzzle lawmaker Rima Hassan
Free speech is sacrosanct in the European Union – just not sacrosanct enough to protect Palestinians and their supporters. Read Article HERE Rima Hassan, a lawmaker under attack from the Israel lobby. (The Left in […]
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