The firing of the anti-monopolist Barry Lynn at the behest of Google has brought the topic of tech monopolies into the political limelight in the US. This is a long read, but provides an insight into Lynn’s work and those pushing back. The question is, why is this hardly a topic in Europe? In the EU illegal cartels have become endemic and de facto tolerated by the EU, having to fear only minor fines in comparison to their transgression, thus translating into trans-European monopolies.
Economics
Bill Mitchell – Repeat after me: Central banks can make large losses and who would care
All central banks that issue a sovereign currency: They can never go broke and could operate without problems with permanent negative equity. They are not profit-seeking companies owned by shareholders. They are part of the […]
Economics
DeStatis: German Exports to Russia increasing again rapidly
In June 2022, German exports were up by 4.5% and imports by 0.2% on a calendar and seasonally adjusted basis compared with May 2022. Based on provisional data, the Federal Statistical Office (Destatis) also reports […]
Austerity
Bill Mitchell – IMF actions in Ecuador expose its venal motivations
The IMF were clearly miffed that their ‘authority’ had been challenged by ordinary citizen movements Read here
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