The euro-nations (and the whole of the EU for that matter) are paying the price for accepting German hegemony, as the Germans threaten to bring down both organisations with their particular interests at the cost of everyone else.
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EU politics
Thomas Fazi: The revenge of the elites
Italy’s new coalition government has sacrificed the populist revolt at the altar of the EU. Read here
Economics
Bill Mitchell: Reclaiming our sense of collective and community – Part 1
That ‘naturalisation’ of concepts and theories that are manifestly wrong in terms of how they represent our reality are reinforced by the set of myths that go to the core of mainstream macroeconomics. Read here
Economics
Heiner Flassbeck: Recession ante portas – Why repeat the old mistakes?
Fifty years ago, there was a very special situation in the global economy: There was a major supply shock, oil prices rose, but oil continued to be consumed in almost unchanged quantities, oil producers made […]
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