What Prem Sikka writes is relevant for most of Europe. Austerity has not only meant cutting back necessary public spending, ubt also a major inequlity in the distribution of wealth. In the meantime we are seeing in France and Spain that massive police repression is the only means to maintain the diktat of austerity.
Debunking a typical economist error of composition: specialization may be good for you, but not for us. Complex diversity wins. Read here
Monetary policy is not working and much of the world economy is limping along waiting for the next crisis and recession. Recently we posted an excellent article on the necessity of fiscal policy by John […]
“Capitalism hasn’t come into doubt because people woke up stupid one morning. It’s in question because it has stopped delivering the goods.” Read here
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