Public liquidity reserves (a.k.a. ‘central banks’) must merge operations with public commodity reserves (a.k.a. ‘strategic stockpiles’) now that the world has rediscovered production and more prices than ever need collaring
Climate Crisis
Adam Tooze: Germany Chooses Economic Nostalgia Over Saving the Planet
Central bankers are recognizing they have the power and responsibility to fight climate change. The Bundesbank would rather not. Read here
Corruption
Bill Mitchell: The EU is neoliberal to its core and captured by corporate interests
“The neoliberalism of the EU is core. The whole house has to be torn down, the block cleared, and new foundations laid.” Read here
Climate Crisis
AFP: Governments risk ‘trillions’ in fossil fuel climate litigation
Governments which enact climate legislation risk being sued for trillions of dollars by fossil fuel companies seeking compensation for lost revenue and stranded assets, according to data that campaigners warn threaten pledges made at COP26. […]
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