Nobody embodies the EU’s elite-driven nature better than its incumbent president, Ursula von der Leyen. And no action of hers embodies its warped excesses better than her decision, in April 2021, to single-handedly sign off on a €35-billion deal for the purchase of 1.8 billion doses of the BioNTech/Pfizer vaccine. According to one analysis, the price per dose she agreed was 15 times higher than the cost of production — meaning that the EU overpaid the vaccines by tens of billions of euros.
Austerity
Bill Mitchell: Left logic – the neoliberal EU cannot be reformed but exit is bad
Bill Mitchell takes the fight for the hearts and minds of Europeans with regard to the EU to the Grass Roots movements. This is the time to be doing this. Read here
Finance
Joseph E. Stiglitz , Dean Baker , Arjun Jayadev: Intellectual Property for the Twenty-First-Century Economy
Intellectual property rights have become the biggest monopoly scam in the world. They have been supported by the World Trade Organisation, which in turn is dominated by those nations home to these monopolistic multinationals. The […]
Economics
Bill Mitchell: Argentina entering the usual doom loop that austerity inevitably creates
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 […]
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