In effect, the EU has embraced a hyper-mercantilist, export-driven growth model, prioritising trade surpluses over internal economic development. This approach has come at the expense of both its own citizens, who face stagnating wages and underfunded public services, and its trading partners — most notably the United States — who have absorbed the EU’s export surpluses as part of an increasingly unbalanced global economic relationship.
EU politics
Politico – EU leaders fear Commission power grab on defense after Trump’s exit
We should all fear Ursula Von Der Leyen being able to decide on matters of war and peace on behalf of Europe. Read the article HERE.
Economics
Bill Mitchell – British labour market – rise in self-employment driving growth
“The proportion of self-employed who are working part-time has risen from 17.6 per cent in the June-quarter 1992 to 30.1 per cent in the November-quarter 2018.” This is something that could well be relevant for […]
Economics
CNBC: Tech is hitting the brakes on hiring even as other industries keep adding jobs
While the overall job market is red hot, several tech companies have recently announced hiring freezes and layoffs. Economists don’t yet think that the tech slowdown necessarily means a broader hiring slowdown is on the […]
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