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Showing posts with the label pensions
This is a good picture of Britain's political-economic situation There is a historical background prior to 2016 and the crisis that led to Brexit. "There was now a clear division between those leaders who represented the interests of big business and the City of London wanting ‘free trade’ and a big role in the EU and rank and file Conservatives who    represented small businesses and the narrow nationalist and racist elements in small provincial towns. They wanted no truck with ‘Europe’ and harkened back to ‘good old days’ of a white imperial Britain ploughing its own furrow – something, of course, that had disappeared even before the UK joined the EU. This division was heightened by the bulk of the ‘popular’ press, whose moguls were either Australian-Americans like Rupert Murdoch, or aristocratic empire believers like the Rothermeres or the Barclay brothers." The analysis also includes the impacts of "no-deal Brexit" on business and labour. A crucial ar
Britain Typical of a liberal approach, there is no link between inequality and exploitation.  Where does inequality come from? Fear, Lies and Distraction
Portugal "Voters ushered Mr. Costa, a center-left leader,  into power  in late 2015 after he promised to reverse cuts to their income, which the previous government had approved to reduce Portugal’s high deficit under the terms of an international bailout of 78 billion euros, or $90 billion. Mr. Costa formed an unusual alliance with Communist and radical-left parties, which had been shut out of power since the end of Portugal’s dictatorship in 1974. They united with the goal of beating back austerity, while balancing the books to meet eurozone rules. The government raised public sector salaries, the minimum wage and pensions and even restored the amount of vacation days to prebailout levels over objections from creditors like Germany and the International Monetary Fund. Incentives to stimulate business included development subsidies, tax credits and funding for small and midsize companies." Portugal dared to cast aside austerity  ...