Activity

There is another striking way in which young Marx worries about sex and conceives it as a symbol of something bigger. When workers are alienated from their own activity in their work, their sexual lives become an obsessive form of compensation. They then try to realize themselves through desperate …

the “Laffer curve” is not a new concept, but it is much cited today. The key point is that globalisation and technological change have together shifted the curve downward, so that for any tax rate the government collects less revenue.

In 1992, when the Treaty of Maastricht created the euro, it was stipulated that member states should ensure that their budget deficits would be less than 3 percent of GDP and that total public debt would remain below 60 percent of GDP.