Carbon Cleanup: The Public is Paying, But Who is Profiting?

August 21, 2020 | In this guest article, June Sekera dissects the false promises of industrial-chemical methods of carbon capture. June is a Visiting Scholar at the Heilbroner Center for Capitalism Studies, New School for Social Research, and an Honorary Senior Research Fellow at the Institute for Innovation and Public Purpose, University College London.

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In the middle of a pandemic, the World Bank wants slum dwellers to lose their water supply (with P.S.)

August 9, 2020 | Developing countries are trying to contain the corona pandemic under the most adverse conditions. In the middle of this, the World Bank is proposing that the water supply of slum dwellers be cut off, if their landlords do not pay the water bill. It is an inhumane philosophy of development that is behind such monstrosities.

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Economic faculties in turmoil over an editor’s alleged racism and an article’s colonial attitude

June 27, 2020 | A turmoil has engulfed the faculties of economics at the University of Chicago and Harvard. A German economist was first suspended on accusations of racism in Chicago, then rehabilitated. An article in Harvard’s flagship Quarterly Journal of Economics (QJE) is accused of a colonial attitude. The authors justify themselves.

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Unit Labour Costs for Dummies and German Business Journalists

March 8, 2020 | Gabor Steingart, former editor of the German business daily Handelsblatt, and currently building an editorial ship* to be based in Berlin, has peered beyond the fog of exaggerated discussions on climate change and the corona virus. He has identified rising unit labour costs as Germany’s real problem. It is leading to Germany’s decline, and a loss of competitiveness. A knowledgeable look at what unit labour costs are could sweep aside his concern. …

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EU-Budget Rules Need Reform: Reference to Nonsense Output Gaps Keeps Economy Down

February 12, 2020 | There is a much needed discussion in European policy circles about simplifying the budgetary surveillance process. One possible and much needed reform is to do away with the reference to „structural“ budget deficits, as the „campaign against nonsense output gaps“ has shown. Its protagonists have just issued another damning paper. …

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