The European Central Bank interest rate has been set as high as 4% which is a record interest rate since the 2007/8 credit crisis. The premise justifying this high interest rate is that the previous practice of setting the interest rate at zero, if not negative, rates caused a massive […]
Tag: Markets
Reflections on Asian socialism
There have been articles in Socialist Voice recently on China and Laos. While I hope to write in the future on North Korea and Viet Nam, there are some points to make on the Asian models, especially their use of market relations in order to build socialism. It should be […]