With dpressed wages the question was, how can workers buy the products that capitalists produce when they had so little money in their pocket? The answer: credit.
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Finance
Barry Lynn and Matt Stoller: How to stop Google and Facebook from becoming even more powerful
“We at the Open Markets Institute recently called on the FTC to put a hold on all future mergers and acquisitions by Facebook – and potentially Google and Amazon…such a ban would help provide the […]
Austerity
Aditya Chakrabortty: There’s a national emergency all right – but it isn’t Brexit
“As another vote looms amid the pantomime of Westminster, the core issues behind leave’s win have been ignored. ” The lessons of austerity and neo-liberalism is being forcefully ignored by those who profit from it. […]
EU politics
Frances Coppola: Merging Deutsche Bank And Commerzbank Won’t Solve Their Problems
Fundamentally, this proposed merger isn’t about creating a robust and profitable bank. It is all about German politics. Germany would suffer considerable loss of face if its largest bank were forced into the ignominious European […]
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