Question sanctions and The cry of the poor (tags)
In Germany, we tend to moralize and romanticize in politics. This prevents us from taking a sober view of world events. We fail to recognize that the U.S. is ruthlessly asserting its own interests, against enemy and friend. The interests of the EU and the U.S. have long since ceased to coincide.
Austerity's Hidden Purpose & From California Economics to Bidenomics (tags)
For governments pursuing austerity, spending cuts mean lower national income and fewer taxes. Unlike a household or a business, if the government cuts its spending during tough times, it is cutting its revenues, too.
Hurricane Harvey, followed quickly by Irma, left in its wake upended lives and enormous property damage, estimated by some at $150-180 billion. But the pummeling that America received also raise deep questions about its economic system and politics.
The Future of the Captured State (tags)
After the crisis of 1997, not one important fianncial reform was carried out in the world. Liberalizationof capital markets causes instability and not necessarily growth. In South Korea, the IMF recommended the sale of state banks to US investors.