Making the market “decisive” means that the Chinese government has decided to place profits before people — and even before that previously invincible talisman, economic growth.
Fox News may have failed to have an impact on the outcome of the 2012 Presidential election in the United States, but media organizations controlled by Rupert Murdoch celebrated a victory this year in Australia.
If world’s big corporations prefer to sit on trillions of dollars in order to avoid paying taxes, let them. If they won’t invest, we should.
Differences in the ways people live are only partly determined by income. They’re also determined by the levels of government services provided to everyone.
Expect life expectancy in Greece and other austerity-hit countries to drop in coming years. Suicides are only the first symptom of austerity syndrome. The worst is yet to come.
Austerity is going to make Greece a cheap place to visit once the protests die down, and backpacker adventure tourists will make Greece a cooler destination than ever. But for most people, it’s much better to live in a rich social democracy than in a cool adventure tourism destination.
The fundamental problem in the eurozone isn’t Greek debt or Spanish banks. It’s low German wages.
Europeans must decide whether their societies are to be governed by the people, for the people or by the market, for the market.