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.
EU politics
The Guardian: Uber Eats couriers’ pay protest brings traffic to a halt in central London
While Uber Eats is preparing to buy Competitor Deliveroo for around two billion dollars, employees are already being made to pay the price. Read here
Economics
Heiner Flassbeck, Friederike Spiecker: Terra and Luna – or how the moon destroyed the earth
The remarkable story of Do Kwon and his incredible cryptocurrency Read Here
Austerity
Bill Mitchell – German external investment model a failure
Germany funds much of its export surplus by exporting its own capital instead of investing it in its own nation. Much of this investment capital is either poorly invested or is lost. Thus being “export […]
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