There is one big lesson from the Danske Bank money laundering scandal. Regulating the modern banking system does not work. Modern banks are now primarily giant hedge fund managers speculating on financial assets or they are conduits for tax avoidance havens for the top 1% and the multi-nationals.
Related Articles

Climate Crisis
Climate Home News: Four countries have declared climate emergencies, yet give billions to fossil fuels
The UK, France, Canada and Ireland have all formally recognised a climate crisis. But analysis shows they give $27.5bn annually in support for coal, oil and gas Read here

Economics
Andreas Møller Mulvad and Rune Møller Stahl: The Real Denmark
October 23, 2018
Mathew D. Rose
Economics, EU politics, Fake News, Finance, Inequality, Media, National Politics
0
An excellent, objective piece concerning the current state of Denmark and the Scandinavian nations. In the rest of Europe Scandinavia is not villified, it simply does not exist as it does not fit in the […]

EU politics
Yanis Varoufakis: “The EU declared war and Theresa May played along”
The former Greek finance minister on how a bad Brexit deal became inevitable and his plan to transform Europe. We at Brave New Europe don’t take a position on Brexit. While we recognise that many […]
Be the first to comment