Defeated in war, a destroyed rump state, Ukraine has become an economically artificial entity depending on tens of billions of dollars in foreign aid.
Austerity
Bill Mitchell: The coronavirus crisis is just exposing the failure of neoliberalism
Each time this modern variant of financial capitalism gets ahead of itself, the main players – who are usually content pocketing excessive profits – always come running back for life support from the state. The […]
EU politics
Oliver Haynes: How the Gilets Jaunes Launched a Movement Against Police Violence
The shocking reports of militarised liberal democracy could well be the beginning of a new phase of EU crisis. It was already preceded by brutal police repression of the Catalan independence referendum, which now seems […]
Finance
The Asahi Shimbun – Stephanie Kelton: Japan shatters notion of deficit boogeyman
Modern monetary theory (MMT) is gaining much attention for its somewhat unorthodox view that governments do not have to worry about fiscal deficits. One of the main advocates of MMT is Stephanie Kelton, an economics […]
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