Cross-posted from Brussels Morning (https://brusselsmorning.com)
Turkey has fallen into a traditional carry-trade trap that is destabilising its currency; the structural solution to the challenge at hand would be to join a currency bloc.
The Turkish lira’s exchange rate has been in the international financial markets’ focus for months. …
Developing countries face a double whammy, the health impact of the virus and their inability to pump out central bank money. Industrialised countries must come to the rescue, for the benefit of all
Cross-posted from Makroskop and Brave New europe
Translated and edited by BRAVE NEW EUROPE
The global pandemic is sparing almost no one. …
Capitalism is celebrated by the liberals as a success story. But this success can only be seen in the USA – and, even then, only for reasons that are incompatible with the liberals’ own ideology.
Originally posted in German at Makroskop
Translated and edited by BRAVE NEW EUROPE
In the second part I already pointed out that the neo-liberal revolution in Germany after 1980 was by no means a success story. …
Capitalism is celebrated by the liberals as a success story. But, since the liberals came to power, capitalism has lost an enormous amount of its allure. There is no right policy when the thinking behind it is wrong.
Originally posted in German at Makroskop
Translated and edited by BRAVE NEW EUROPE
The public sphere of Western democracies, …
