the libretto of France's defeat had been written back in 1983
Financialization, as we now call this process, was the critical by-product of maintaining and enhancing US dominance on the back of increasing trade imbalances and in the interest of financing America's ever-expanding twin deficits.
Workers were financialized, too, forced to take increasing risks in the housing market and with their pensions. A new mantra--'There is no alternative' or TINA--was born
High interest rates are wonderful for those living on unearned income, so-called rentiers, but not so good for manufacturers, who see their investment costs skyrocket and the purchasing power of their customers plummet.
on the morning of 15 September 1978, they had signed a bilateral agreement to create the European Monetary System (EMS)--the Euro's precursor
