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.
EU politics
Ekaitz Cancela, Pedro M. Rey-Araújo: No Man’s Land
The Spanish left is not a threat to the establishment in Spain or Europe. In New Left Review’s ‘Sidecar’. Read the article HERE.
Economics
Bill Mitchell: US labour market in peril as a result of political choices made by the US government
In the current circumstances, while the lockdowns are driving people into joblessness, the alternative would have been for the government to just pay the wages and order people to stay at home. Read here People […]
Finance
The Independent: Switzerland must ‘urgently’ do more to tackle bribery and protect whistleblowers, OECD says
Really? I doubt anyone in their wildest fantasies could have imagined this? How many millions did the OECD pay for this incredible study? Read here
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