Milanovic examines the war as a great leveler hypothesis .
Read here
Austerity
Bill Mitchell: The European Commission non-stimulus is a waiting game before new austerity is imposed
As the world sinks into the deepest crisis in more than 100 years, we have had a succession of demonstrations of what is wrong with the structure of the European Union. Read here
Economics
Adam Tooze: Recession risk in a world in the grip of the global dollar cycle
Interest rates are rising like never before, and it’s the world’s poorest who will suffer most. Read the article HERE.
Economics
Financial Review: China sets lowest growth target in more than three decades
China’s government set its lowest economic growth target in more than 30 years, a sign the housing slump, stringent COVID-19 controls and global risks will continue to curb demand. Read Here
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