To avoid economic blackmail by the markets, any socialist government would need to impose limits on the movement of money by investors.
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Finance
Business Insider – ‘Champions League of tax avoidance:’ Uber used 50 Dutch shell companies to dodge taxes on nearly $6 billion in revenue, report says
Uber used around 50 Dutch shell companies to help reduce its global tax burden, an Australian research group found. Despite earning $5.8 billion in global revenues in 2019, Uber claimed a $4.5 billion loss for […]
Economics
CBS – San Francisco Federal Judge Slams Proposed Bayer Roundup Class Action Settlement
Bayer thought they could get out of this lawsuit comfortably as they would have in the EU. Germany is not the hegemon in the USA Read here
Climate Crisis
Bill Mitchell: The financial markets should be kept away from the climate crisis solution
The narrative that has emerged – that the financial CEOs with “trillions in assets” (all at COP26 because they could smell lucre) are a key to solving the climate challenge – is as ridiculous as […]
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