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2022-03-07

It's Monday so it's Benjamin's weekly report.

If you don't have a subscription, he's worth it (in my jaundiced opinion).

Even without a subscription he's worth checking out, but you don't get the full works.

His view of the world is so different from the mainstream view that we might be living on different planets. (Perhaps we soon will be ... )

We can get a clue about what motivates Mr Putin from his speech to the (virtual) Davos 2021 organised by the WEF:

" ... globalisation led to a significant increase in the revenue of large multinational, primarily US and European, companies.

By the way, in terms of individual income, the developed economies in Europe show the same trend as the United States.

But then again, in terms of corporate profits, who got hold of the revenue? The answer is clear: one percent of the population.

And what has happened in the lives of other people? In the past 30 years, in a number of developed countries, the real incomes of over half of the citizens have been stagnating, not growing. Meanwhile, the cost of education and healthcare services has gone up. Do you know by how much? Three times"

"in 2019, 21 percent or 267 million young people in the world did not study or work anywhere. Even among those who had jobs (these are interesting figures) 30 percent had an income below $3.2 per day in terms of purchasing power parity" (and that was prior to the pandemic)