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
Bill Mitchell: The pandemic is demonstrating that we can resist neoliberalism
Pierre Bordieu considered the neoliberal era to be one of the significant retrenchments in our civilisation: … the failure of the state as the guardian of the public interest. Read here
Austerity
The Guardian: UK millennials second worst-hit financially in developed world, says study
Neo-liberalism is out to get the young. They are especially vulnerable. They have little experience in self-organisation and do not vote. Greece is the victim of German neo-liberalsim, Britain’s current situtation is the result of […]
Corruption
Politico: Mogherini’s College application prompts cries of cronyism
She is exceptionally well qualified to run a training ground for future EU officials teaching them to combat democracy, enforce neo-liberalism, and support corruption. That is what the EU is all about. Read here
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