A lasting, well-rooted leftism requires an understanding of forces such as these – of why capitalism does not work as we would wish it to. Moralizing is nowhere near enough. The problem is that there are pitifully few institutions that enhance understanding and several powerful ones that actively militate against it.
EU politics
Reuters: Germany demands €400 billion cut to ‘unaffordable’ EU budget, document shows
This could severely reduce massive EU subsidies given to Poland and others in the region Read Article HERE Photo: German Government
Economics
Bill Mitchell: The Green New Deal must wipe out precarious work and underemployment
The numbers Bill uses are for Australia, but the must be familiar in most any European nation. Read here
Finance
James K. Galbraith: Modern Monetary Theory – Is there a better model to explain economics in the Trump era?
MMT is about the way the world actually works. It explains why big deficits do not drive up interest rates or “crowd out” private investment, and why big governments in big countries don’t go bankrupt. […]
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