NBC News: Rail union rejects labor deal brokered by Biden administration, raising possibility of strike

China is currently undergoing a rapid tertiarisation process, with its service industries growing as a share of GDP at the expense of both agriculture and manufacturing. This could be a bad omen for future growth. […]

So much for the myth that the private sector is cheaper and better. The housing crisis is not a demand side problem, but a supply side, as companies seek excessive profits. Read here  

It is obvious that a successful degrowth strategy will require a massive redistribution of income and wealth. That means dismantling the neoliberal institutions that have overseen a massive shift towards higher income and wealth inequality. […]