The Labour leadership campaign of Jeremy Corbyn will be remembered for several notable reasons, not least the descent of the UK's corporate media into unremitting farce, with the Guardian in its role as vanguard of the 'liberal left' decisively leading the pack.
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People’s quantitative easing is instead a highly directed process where the debt that is repurchased has been deliberately created and issued either by a green investment bank or by local authorities, health trusts and other such agencies for the specific purpose of funding new investment in the economy at the time when big business and financial markets are completely failing to deliver the scale of investment that is needed to get the UK working again and to restore our financial prosperity.
I’m no economist but I have been wondering how Syriza plans to bypass German-imposed austerity as long as it sticks with the euro. Depressed economies recover by devaluing their currency so that they can become more competitive. But Greece is currently tied to the euro, which means it cannot devalue and must continue to compete, despite its deathbed economy, against far larger and stronger economies like Germany’s.
By John Vibes | ANTIMEDIA | May 29, 2014 With the United States struggling to barely overcome the war against marijuana, some countries across the world are actually considering putting an end to drug prohibition altogether. Legislation was recently introduced in Ecuador, which would make it the second country in the world and the first […]
When the banking system becomes too big to bail, the moral hazard trade that started it all becomes systemic “immoral hazard”—an extortion racket aided and abetted by the very politicians elected to serve our interests. When that trade takes place in a set of institutions that is incapable of resolving the crisis it faces, the result is permanent austerity.
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The main culprit in the debt crisis was a fall in tax revenues resulting from massive tax cuts for corporations and the wealthy. According to Razmig Keucheyan, sociologist and author of “The Left Hemisphere,” this “neoliberal mantra” that was supposed to increase investment and employment did the opposite.
The post Europe’s Debt: Lies and Myths appeared first on BSNEWS.
Why the European Central Bank’s Trillion Euro Plan will Only Help Keep the Banks Afloat By MICHAEL HUDSON and SHARMINI PERIES | CounterPunch | March 13, 2015 SHARMINI PERIES: In an effort to relieve some pressure on the struggling European economies, Mario Draghi, president of the European Central Bank, announced a 1 trillion euro quantitative […]
In Part 1 of the World of Resistance (WoR) Report, I examined today’s global order – or disorder – through the eyes of Zbigniew Brzezinski, a former U.S. National Security Adviser and long-time influential figure in foreign policy circles. Brzezinski articulated what he refers to as humanity’s “global political awakening,” spurred by access to education, technology and communications among much of the world’s population.
RT | May 17, 2014
Portugal exited its international bailout program on Saturday, regaining its economic sovereignty, which it lost after the European debt crisis. However, the country’s GDP is four percent lower than in 2010, a year before it asked for financial help.
RT | May 17, 2014
Portugal exited its international bailout program on Saturday, regaining its economic sovereignty, which it lost after the European debt crisis. However, the country’s GDP is four percent lower than in 2010, a year before it asked for financial help.
