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.
While George Osborne is crowing about the success of austerity, Simon Wren-lewis examines the high costs of Osborne’s failed economic policy. Read here
The monetary data suggests not only that the “Euroboom” is over but that the trajectory looks downwards. Read here
We have repeatedly referred to the cartels – An association of companies obtaining the total control over a market. These are nothing less than trans-European monopolies – endemic to the EU. The interesting aspect of […]
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