Why Common Prosperity is good for socialism and for China’s economy
In summary, Common Prosperity is good for socialism in China – and it is good for China’s economy.
International
International Energy Agency gives COP a warning
The IEA World Energy Outlook 2021 sets out in very clear terms and stark figures what the world needs to do to keep below an average temperature rise of 1.5C; and how far short we are falling. It envisages the total investment required will have to rise to $4 trillion a year by 2030 to achieve Net Zero by 2050.
Scathing Covid-19 report only shows one aspect of the catastrophe
The government’s overall policy has been to boost profits at every turn, even at the cost of 160,000 lives and rising. It has no intention of shifting course, because its entire attack on workers and the oppressed has letting the virus rip as its centrepiece.
Whither Turkey?
Now it has become clear that neither Iran nor Syria are going to be toppled, new tectonic shifts are taking place in West Asia and North Africa. What steps will Turkey now take?
Conservative collapse in Germany opens the door to an SPD led coalition government
After the recent general election, Germany will see its first coalition government since 1957 which includes more than two parties, and the first Social Democrat (SPD) led government since 2005.
Although the SPD won the election, it only gained a meagre 25.7% vote share; a long way from its high point of 40.9% in 1998.
China’s power cuts hint at faster transition
The current power cuts come from a combination of increased demand from manufacturers, a slowdown in coal production, partly caused by improved health and safety measures in mines, and the restrictions put on coal use by national guidelines to restrict carbon emissions.