“Western economies depend on a massive net appropriation of resources from the global South. This is a travesty of justice. But it is also a point of leverage. At any moment, the South could cut off this flow of wealth. It is within their power to do so.”
Austerity
Heiner Flassbeck: Reform of the European fiscal rules? The German finance minister is blocking a reasonable reform
Germany is set on its iron fist economic discipline dogma that has caused so much damage to EU members. A look at the case of Greece. Read Here
National Politics
Peter Ramsay: When Is a Coup not a Coup?
Liz Truss’s meteoric downfall is being seen by some Brexiters as a Remainer coup Read Here
Economics
Bill Mitchell: US labour market – job shortfall continues with government sector undermining job creation
The US labour market is still 3,912 thousand jobs short from where it was at the end of February 2020. Read here
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