We have been here before. To keep the economy too much money has been leant to those who cannot repay their debts. It does not take much imagination to guess what follows.
Read here
Positive Money: UK consumer credit approaches 2008 peak
Deregulation
Jacobin: Saving France’s Railways
An interview with Bruno Poncet Yesterday, French rail workers kicked off months of rolling strikes against Macron’s attacks on their working conditions. Read here
Climate Crisis
Kevin O’Sullivan: Cop26: New draft deal weakens wording on phase-out of fossil fuels
Difficult 24 hours ahead if meaningful outcome is to be secured from climate summit Read here @Cartoonsbyjosh
Corruption
Prem Sikka: The UK’s financial regulators are presiding over widespread corporate failure
As we are probably heading into the next financial crisis, afterwards there will be the great outcry concerning the lack of regulation. It never went away following the last financial crisis. Read here
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