The Bank of England is engineering a recession because it believes it will reduce inflation and weaken the spirits of the workers’ movement
Read the article here.
Grace Blakeley – The Elite’s Answer to the Cost of Living Crisis: More Unemployment
Geopolitics
Dominik A. Leusder – US Trade Policy Toward China Endangers the Green Transition
‘Last week, China responded to new US tariffs with a ban on exporting rare earth minerals. While both countries’ leaders engage in great power rivalry, they risk imperiling the green transition, which will rely on […]
Finance
Irish Examiner: Eight of top 100 multinationals pay no tax on profits
See the link above. These numbers from the article say it all: “Eight of the 100 companies with the highest taxable income had effective tax rates of zero, including some which had negative rates — […]
Austerity
Bill Mitchell: Japan national accounts – sales tax rise, growth collapses – as night follows day
Please also see Michael Roberts – Japan: Abenomics revisited Read here Tokyo, Japan. Photo by Francisco Diez. CC BY 2.0 via Wikimedia Commons.
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