Varoufakis writes in ‘Project Syndicate’ on European capitalism, which is rich in terrestrial capital but has fallen behind the US and China in “cloud capital”.
Read the article HERE.
Yanis Varoufakis: Is Europe deindustrialising?
Climate Crisis
Thomas Piketty: The age of green money
Could the Covid-19 crisis accelerate the adoption of a new, more equitable and more sustainable development model? The answer is yes, but under certain conditions. Read here
Austerity
Larry Elliot: Brexit: why the UK economy hasn’t led to buyer’s remorse
Are 51,9 % of Britains neo-fascist berks? Or did those who voted for Brexit have political and economics reasons for doing so? Remainers seem not to be posing this salient question: “Remain’s proponents have spent […]
Economics
Reuters: China’s economy cools sharply in April as lockdowns bite
April industrial output -2.9% y/y vs f’cast +0.4% April retail sales -11.1% y/y vs f’cast -6.1% Nationwide jobless rate highest since Feb 2020 Jan-April fixed asset investment +6.8% y/y, vs f’cast +7.0% Read Here
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