“The threat to the world today is not a trade war but a social war, conducted by means of aggressive policies of fiscal dumping which benefit the wealthiest and the most mobile.”
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Thomas Piketty: Towards a Union in the Union
Economics
Destatis – Germany: Manufacturing in April 2022: new orders down 2.7% on the previous month
The German economy is not going anywhere at the moment. A recession anyone? Read Here Photo: Julia.Roesler licensed under the Creative Commons Attribution-Share Alike 4.0 International
Austerity
France 24: ‘We won’t give up’: French protesters defiant on day 36 of pension strikes
It is a truly impressive effort by French workers to defy neo-liberal austerity. Read here
Corruption
Bloomberg: France, Germany Reach Compromise on Watered-Down Technology Tax
And even this will probably not be enacted into law. As usual the nationalist Germans have only one concern: protecting German companies. Read here
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