The German current account surplus of probably 7 per cent of GDP in the current year is an unparalleled scandal. However, it becomes a real political catastrophe when Germany accuses countries that have fairly balanced balances, such as China, or even high current account deficits, such as the USA, of mercantilism when they defend themselves against the actual mercantilists.
Uncategorized
The Electronic Intifada: Germany has a duty to dump Israel
Germany’s representatives have a ready-made response when a question is asked about their country’s backing for Israel: “historical responsibility.” Invoking that “responsibility” is a convenient tool in shutting down debate. Everyone must accept that the […]
Climate Crisis
Dave Smith, Tracy Edwards, Shaun Dey – The Italian Workers Occupying Against Climate Crisis
‘Faced with the threat of mass redundancies, GKN automotive workers in Florence occupied their factory to save jobs and build green technology.’ In Tribune. Read the article HERE.
Economics
Reuters: China’s factories reopen, only to fire workers as virus shreds global trade
A brilliant example of the spiral we are facing. Short and succinct. Everyone was praising globalisation, but apparently they do no understand it. Read here
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