Ambrosetti -The European House – is a professional group founded in 1965 which has gradually developed many activities in Italy, in Europe and in the world. It is similar in prestige to the annual meeting of executives at Davos.
Speech at Finance Workshop, Ambrosetti, 26 March, 2021 Read More »
This article appeared on the Open Democracy site on 16 June 2020 On the weekend of 30 May Elon Musk – a billionaire with a net worth of $38billion – launched a rocket into space. This private venture was in contrast to President Kennedy’s ‘moonshot’ ambition of 1961-69 – one of the greatest mobilizations of
In Britain as in the US, governments are tackling the corona virus by undertaking actions that force the closure or collapse of companies large and small. To compensate, they are stepping in with subsidies and bailouts. Because millions of livelihoods are at stake these interventions are welcome and necessary. But we must demand more: not
You have to admire the spin. The US Treasury Secretary, Comrade Hank Paulson, pictured here, announced today, Sunday 7th September, 2008 that the US government is natonalising two huge US banks, Fannie Mae and Freddie Mac. Which means in effect that Comrade Paulson is socialising the losses of the shareholders and investors in these banks
Comrade Paulson, nationalised banks & socialism for the rich. Read More »
Few people understand how one of the most important levers in a debt-laden economy – interest rates – are set. Many believe that the rate is simply a result of supply and demand – the supply of savings and demand for those savings. Not true. In fact in Anglo-American economies savings have precious little to
