Economics and politics - comment and analysis

A $50 wage increase for every Chinese – or how trade unions fail the workers

No further proof is required any longer: the trade unions do not understand the reason why it is necessary to raise wages. If they would, they would not fall and spread baseless neoclassical claims.
Unfortunately, I must once again sharpen my polemic of last week’s ‘survival’ of workers (see here): today, …

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Palestine, or how the market fails without a state

Palestine is economically extremely dependent on Israel. Reducing this dependency must be the ultimate goal of the political effort to implement a two-state solution. However, in order for the Palestinian government to use its political power for the good, it is essential to understand the proper role of the state in the development process. …

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An interview with Heiner Flassbeck: Germany’s model and its growing class of working poor

Heiner Flassbeck gave an interview to the American The Real News Network. The main topics were the ideology of Germany as a model economy and its growing class of working poor.
Merkel’s strategy over the years has been as simple as it has been destructive. …

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