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
Seth Schindler, Ilias Alami, Nick Jepson: Who’s in control? Wall Street Consensus, state capitalism, and spatialised industrial policy
The apparent contradiction between the Wall Street Consensus and contemporary state capitalism Read Here
Economics
Bill Mitchell: E.P. Thompson and why class remains an important organising framework
If you read or re-read E.P. Thompson’s epic study I think it becomes obvious how relevant it is to today’s struggles. Read HERE
Austerity
Jo Michell: Coronavirus Reveals the Cost of Austerity
A decade of austerity shredded public services and left millions of workers on the brink. It would be hard to imagine a policy more destructive to our capacity to respond to the coronavirus crisis. Read […]
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