In effect, the EU has embraced a hyper-mercantilist, export-driven growth model, prioritising trade surpluses over internal economic development. This approach has come at the expense of both its own citizens, who face stagnating wages and underfunded public services, and its trading partners — most notably the United States — who have absorbed the EU’s export surpluses as part of an increasingly unbalanced global economic relationship.
Geopolitics
Mail & Guardian: US congress receives bill to review SA relations following ‘politically motivated’ ICJ case
A bill has been submitted to the United States congress calling for a full review of the country’s bilateral relationship with South Africa following the International Court of Justice ruling that found it plausible that […]
Economics
Bill Mitchell: The ‘truth sandwich’ and the impacts of neoliberalism
In this blog Bill Mitchell addresses two topics: argumentation and socialmobility/inequality. As always eith Mitchell, a worthwhile read. Read here
Environment
Reuters: Los Angeles County sues Bayer’s Monsanto over PCB contamination
Los Angeles County sued Monsanto Co on Thursday, seeking to force the unit of Germany’s Bayer AG to help pay for reducing PCB contamination in dozens of bodies of water. Thus the series of lawsuits […]
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