The authors explain how inequality leads to a fracturing of communities, increases loneliness and leaves people with less time to care for friends, relatives and the disabled. A society where your status is judged by how much you earn causes higher levels of stress and anxiety, they have found. And they argue that only by capping executive pay, giving workers a greater say in running companies and beefing up trade unions can tackle the problem.
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There is a magic money tree! Governments need neither tax nor borrow to spend. They can create money – and lots of it. £435 billion was created for quantitative easing in Britain. Listen here
In The Real News Network The European Central Bank (ECB) announced that it will reduce its cash injection program, known as quantitative easing, by half. Economist Heiner Flassbeck discusses the consequences this will have for […]
We are continuing with Part 2 of this brilliant series. See Part 1 here
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