Regular readers will know that I hate the term NAIRU – or Non-Accelerating-Inflation-Rate-of-Unemployment – which is a concoction invented by mainstream economists to maintain unemployment at elevated levels (to keep the working class in its […]
It is obvious that a successful degrowth strategy will require a massive redistribution of income and wealth. That means dismantling the neoliberal institutions that have overseen a massive shift towards higher income and wealth inequality. […]
While mainstream economists regularly appear in the media decrying fiscal deficits as vehicles to undermine the future of our children and grandchildren, which then leads governments to follow austerity paths for political gain, the climate […]
We are all realising that our political class – the large parties and their lobbying machines – only want power. Something has to give. Read Article HERE Photo: Screen grab
This is a doom loop being exacerbated by the on-going fiscal austerity. The other point is that while the nation is not in recession yet, there is a reluctance to invest in new productive capital […]
The problem I see is that real resistance to the capricious and destructive neoliberalism of the EU is compromised by progressives who oppose that destruction but think that better days can be had through Treaty […]
The answer to this questiion are differentiated and not as simple as often claimed Read HERE
So the top end income has boomed in real terms while the bottom end has collapsed. That is the story of the US after several neoliberal decades. And it is the story of most advanced […]
The world is shifting rapidly to the Right because the Left has abandoned its voice and its role in given succour to the underdog. We will all regret this era. Read HERE
1. The responsibility for the joint debt be taken off the European Commission and handed over to the ECB. That could easily be done. 2. The ECB then pays the debt off when payments fall […]
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