The long-anticipated “hot autumn” begins as the European economy teeters on the edge of a largely self-inflicted stagflationary depression.
Last Friday (October 7), the 82-year old French writer Annie Ernaux won the Nobel Prize in Literature, for what the panel described as an “uncompromising” 50-year body of work exploring “a life marked by great disparities regarding gender, language and class”. A feminist and politically committed writer, Ernaux is the first French woman to win the award.
An informative but not comforting article--recent studies from Spain showing that a) the transition to "green" energy will be much more problematic than most expect, b) the possibility for a future for humanity will require an end to "growth", and c) what is required cannot be accomplished under capitalism.
The country's finance minister said that looming changes are bound to make the tax code "more progressive, efficient, fair, and also enough to guarantee social justice and economic efficiency."
Spain's leftist coalition government on Thursday announced a series of downwardly redistributive fiscal reforms—including a temporary "solidarity" tax on the nation's 23,000 wealthiest residents—that lawmakers hope will ease the cost-of-living crisis hurting millions of working people.
