A long but interesting piece concerning the downturn of productivity, especially in Britain. Perfect for the weekend.
Read here
Austerity
Trades Union Congress: 17-year wage squeeze the worst in two hundred years
Never mind the Great Depression, we’re now experiencing the longest pay squeeze since Napoleon marched across Europe Read here
Economics
Thomas Piketty: Responding to Chinese challenge with democratic socialism
As the Chinese Communist Party (CCP) commemorates its 100th anniversary, Western countries are still struggling to define their attitude towards the Beijing regime. Let me say it straight away: the right answer lies in ending […]
Economics
Guntram B. Wolff: Germany’s current account surplus and corporate investment
Following the 1990s post-reunification period and since the beginning of monetary union, Germany’s current account has grown substantially. In the crisis years, Germany’s lost about 15 percentage points of GDP in its external investments, but […]
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