Soccer fans are up in arms about plans announced on 18 April for a Super League involving Europe’s top clubs. It’s backed by 12: Real Madrid, Atletico Madrid, Barcelona, Juventus, AC Milan, Inter Milan plus the English clubs of Arsenal,…
The intangible commodity
Karl Marx was a rationalist who rejected religious or metaphysical arguments. He was, therefore, drawn to the scientific approach to economics that the cost of production theory of value expressed. Chapter 1 of Capital’s first volume lays the conceptual foundations for…
Yellen’s minimum tax agreement won’t work until the dominance of intangible capital is ended
Janet Yellen: her global minimum tax plan lacks detail and is impractical On 5 April, US Treasury Secretary Janet Yellen said America wants a global agreement fixing a minimum corporate tax level. This follows President Biden’s announcement that he planned…
Intangible capital can pay for Sunak’s long-term Covid plan
Ending Covid economics will be harder than killing the virus
UK Chancellor of the Exchequer Rishi Sunak is working on a 10-year post-Covid economic plan It’s a year since the Covid-19 mutation started spreading and governments everywhere acted to contain it. More than 2m people globally have since died due…