The United States is no longer a reliable country. For some, this is nothing new. The Iraq War, launched in 2003 – resulting in over 100,000 deaths, lasting regional destabilization, and the return of Russian influence – had already shown the world the wrondoings of American military hubris. But the current crisis is new because it challenges the very core of the country’s economic, financial, and political power. The US appears disoriented, led by an unstable and erratic leader with no democratic counterweight.
Austerity
Bill Mitchell: We can do something about neoliberalism
Bill Mitchell covers three topics rather succinctly in this blog: Democratic deficit in the EU, Greece and its newest catastrophic deal with Germany/EU, and the surprise Democrat primary results in New York yesterday. Read here
Climate Crisis
Net Zero Investor: Minsky moment: are pension assets at risk due to flawed climate analysis?
Professor Steve Keen and others warn that record heatwaves, floods, fires and intensifying storms halt commerce, damage crops, create uninsurable areas, and impair infrastructure. Pension funds rely too heavily on sanguine consultant forecasts and underestimate […]
Climate Crisis
Reuters – Over 100 Economists: G7 leaders should end not just coal, but also oil and gas finance in 2021
Ahead of summit, more than 100 economists call on G7 countries to commit to shift their finance out of all fossil fuels this year, to enable a green pandemic recovery Read here
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