Suddenly they are all complaining. With an enormous delay, even the professional optimists in the German media have realised that something is fundamentally wrong. Germany is once again the sick man of Europe, the British Economist notes again, pointing to the decline in GDP this year. I am surprised, however, that liberal economists, who would call themselves neoclassical, do not participate much more actively in the debate and at least contribute important aspects to a theory of the crisis. But the neoclassical authors are always immediately on the wrong track because they do not want to admit the macroeconomic implications of their own theory and consequently blame the governments for the malaise. After all, markets cannot be wrong in principle and, if they are allowed to work, always lead quickly back to equilibrium.
Climate Crisis
DeSmog UK: Drax’s ‘Carbon Negative’ Bioenergy Claims ‘Wildly Exaggerated’, Study Argues
Responding to the analysis, Phil MacDonald, chief operating officer of Ember, said this was “exactly the kind of research that the UK government should be doing before it makes a decision on funding BECCS”. Read […]
EU politics
Reuters: Spain defies resolution of the UN Human Rights Committee again blocking Catalan election of government
As expected, Spain defied this resolution of the UN Human Rights Committee. The investigating judge at the Supreme Court on yesterday rejected the request of Jordi Sanchez to stand for election as president of the […]
Climate Crisis
Matthew James Seidel: How Right-Wingers Hijacked Green Politics in Norway
Review of The Paradox of Svalbard: Climate Change and Globalisation in the Arctic by Zdenka Sokolíčková (Pluto Press, 2023). In ‘Jacobin’. Read the article HERE.
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