Christine Lagarde: EU Central Banker Pines for the Good Old Days

The head of the EU Central Bank cannot face the facts. First, Mordor is not competing with China. Mordor is sinking into the bog. Second, instead of understanding that the whole world economy is shifting Eastward, she refers to the multi-polarization as “fragmentation”. Furthermore, as with all capitalist economists, she fails to make a distinction between profits made on energy investment, goods and services and profits made on war and finance. Lastly, the golden age for her are in the 1990s when the whole world was subjected to Mordor’s finance capital. Her politics are blinding her economic analysis.

Read in Michael Roberts

Leave a Reply

Your email address will not be published. Required fields are marked *