As long as the system is closed and the regulators powerful, they can restructure liabilities at will to prevent a collapse. More likely is a very long and costly financial adjustments as Beijing slowly cleans up what is becoming an increasingly zombified banking system.
Another long but excellent article by bill Mitchell concerning where the Left in Europe has to go and how it has to change its thinking. Read here
Friedrich Merz, Germany’s new chancellor, is the worst possible man for the job. Throughout his career, he has held a dogged commitment to a neoliberal ideology that has destroyed Europe’s social fabric. Read Article HERE
What ‘radicalism’ means here is not spelled out in this article, but looked at in combination with France’s banning of pro-Palestine protests and it’s evident that France is becoming an extremely repressive country, for Muslims […]
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