Tag: macroeconomics
-

The new Maltese socialism is macroeconomics: Labour is turning the welfare-state into crony capitalism
The Labour Party’s new social contract will make banks and construction developers significantly richer. Society’s wealth is increasingly being transferred to the construction industry with banks being indirect recipients of this wealth transfer. Labour is presenting its subsidies as traditional socialist welfare, but underlying this façade there is this transfer of wealth turning the subsidies…

