The West's wild crises

Inflation, interest rates, the coming banking crisis and the political shakeup that will follow

I had said in my first piece on Ukraine that this war will bring about the end of neoliberalism. I thought I should expand on this. I argue that interest rates will have to rise dramatically throughout the West to break out of stagflation, which is either already here or is around the corner. There will be extreme political resistance to this. Higher in…