We can only wonder if Madrid is under the delusion that simply taking over Catalonia’s government and having elections is their silver bullet solution. It is too dogmatic to understand that it is creating political martyrs for the independence movement to be inspired by.
The privatisation of debt collection in Britain has resulted in a boom for the bailiff industry of such massive proportions it would make Al Capone blush. Over 300 UK local authorities outsourced their debt collection to private bailiffs in 2014-15. More than two million debt collection referrals took place over that 12-month period, which works out to more than six new debt enforcement instructions every minute. This is why the industry is seeing double digit growth year-on-year. But at what social cost?
Treating federal budgets like that of a household has starved economies of precious resources and has facilitated unprecedented levels of private and household debt. Editor-in-chief Claire Connelly explores the consequence of this logical fallacy in an excerpt of her upcoming book, How The World Really Doesn’t Work.
Economist Dr Steven Hail on how Japan has managed to avoid another financial crisis without creating a major private debt problem, while America and Australia… have not.
In this Renegade Short, Professor Steve Keen explains why the government isn’t supposed to balance it’s accounts like a household.