If an ordinary Russian loses half of his pension or salary because of the fall in the rouble and inflation caused by the sanctions, then there is no recourse, no court where he can complain. On the other hand, if you want to deprive an oligarch with 100 million euros of half his fortune, then there are multiple procedures to challenge the decision, and very often you don’t pay anything.
Economics
Ann Pettifor: Central bankers, inflation “cousins” & the real threat to the global economy
“Kaye Wiggins in the Financial Times explains that private equity groups, including Blackrock, deliberately inflate the value of their own assets – by buying and then selling said assets to themselves. She shows that the […]
Geopolitics
Middle East Eye: EU Commission to send 50 million euros to Unrwa
The EU is growing nervous about its support of Israeli genocide in Gaza and has recommenced funding Unrwa. They also have the problem that Israel has provided no proof concerning Unrwa employees participated in the […]
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
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