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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EU politics
euronews: Populist Calin Georgescu takes surprise lead in Romania’s presidential election
It is interesting that the Financial Times wrote that this dealt “a major blow to the country’s political establishment”. What they mean with that is the EU authoritarian neo-liberal political class. Nice that they admit […]
Finance
Robert Hockett: Why Is Uber Über Alles? Public Platform Infrastructure for the ‘Gig Economy’
Most of the platform infrastructure used by the ‘gig economy’ is both easy to replicate and cheap to provide, such that private providers are mere rent-extractors. The upshot is that we both can and should […]
Corruption
Prem Sikka: There’s a grimly familiar Story behind Thomas Cook’s Collapse
The holiday provider’s collapse highlights corporate governance and regulatory failures while the gravy train for directors continued. Read here
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