The financial sector is hailed as the crowning glory of the UK economy. But as it blooms, everything else withers. This is true wherever the financial sector becomes dominant in the economy, similar to what happens in an oil rich nation.
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Economics
Michael Roberts: Keynes: revolutionary or reactionary? – part one: the economics
Was Keynes a revolutionary in economic thought and policy? Was he at least radical in his ideas? Or was he a reactionary opposed to the interests of working people and a conservative in economic theory? […]
Corruption
Politico: Ombudsman wraps up Selmayr job probe
Great stuff! We have one corrupt German EU official being defended by another corrupt German EU official and a corrupt, alcoholic Luxemburger EU president. European media may make fun of Trump, but is the state […]
EU politics
Bill Mitchell: The EMU reform ruse
This is a very long read, but there is probably no one in the world who knows in such detail how and why the EU functions as Bill Mitchell. Part 1 Part 2
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