In spite of China’s extraordinarily high investment levels, domestic savings nonetheless exceed domestic investment by quite a lot, making it a large net exporter of capital.
Economics
Heiner Flassbeck, Friederike Spiecker – “Inflation”, the ECB and logic
Nothing has a harder time in these days than logic. In a world where almost everyone believes that it is all about the “right” values, the correct speech and what is understood by morality, logic […]
Austerity
In Defence of Marxism – France: no “Christmas truce” as longest strike in decades continues
President Macron’s dreams of a peaceful Christmas were dashed as striking workers rejected his plea for a holiday truce, during what has become the longest continuous strike in 30 years – longer than the victorious […]
EU politics
Chris Dillow: Why the left needs “bottom”
A lasting, well-rooted leftism requires an understanding of forces such as these – of why capitalism does not work as we would wish it to. Moralizing is nowhere near enough. The problem is that there […]
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