German prosperity: a nightmare for 40% of its citizens

The German economic miracle has its dark side, demonstrated by a massive budget surplus of 1.2% of GDP – that being 38.2 billion euros in 2017 – that’s causing the country’s infrastructure to tumble, which is now the worst infrastructure of all the rich and industrialised nations. Germany’s disproportionate public saving is causing under-investment within…

1929, 1987, 2000, 2007 and 2018: haven’t we learned anything?

Notwithstanding the drastic adjustment to the stock markets in the way of 10%, the world’s biggest economy, the one that’s always ahead of everyone else in growth and also depression, the one that serves as the ultimate example of neoliberalism – America – has made a spectacular recovery since the 2007-08 crisis. With its property…