Tag: economics

Lyn Alden: The credit-based global financial system we have participated in over the past century has to continually grow or die

Several of the major central banks are stuck in a trap of their own making. This includes the US Federal Reserve, the Bank of Japan, the European Central Bank, and others. The credit-based global financial system we have constructed and participated in over the past century has to continually grow or die. It’s like a game of… Read More Lyn Alden: The credit-based global financial system we have participated in over the past century has to continually grow or die

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Millionaires join Davos protests, demanding ‘tax us now’

A group of millionaires have joined protests against the World Economic Forum gathering of the business and political elite in Davos, Switzerland, demanding that governments “tax us now” to tackle the burgeoning gulf between rich and poor.  The unlikely protesters, who describe themselves as “patriotic millionaires”, called on world leaders attending the annual conference on… Read More Millionaires join Davos protests, demanding ‘tax us now’

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Big Oil, Rising Authoritarianism and worsening climate. By Eve Darian-Smith

Around the world, many countries are becoming less democratic. This backsliding on democracy and “creeping authoritarianism,” as the U.S. State Department puts it, is often supported by the same industries that are escalating climate change. In my new book, “Global Burning: Rising Antidemocracy and the Climate Crisis,” I lay out connections between these industries and the… Read More Big Oil, Rising Authoritarianism and worsening climate. By Eve Darian-Smith

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Peter A Smith: How a decades-long boom in licit opioid production was fueled by Tasmanian-grown poppies

Heading into the highlands of Tasmania, some 250 miles south of the Australian mainland, narrow black-topped roads meander through a wide river valley bounded by distant mountain bluffs. Two-track paths splinter off into grassy pastures, past skeletal trees bleached by sun and drought. All along the way, small signs dangle from wire fence lines: Danger Prohibited… Read More Peter A Smith: How a decades-long boom in licit opioid production was fueled by Tasmanian-grown poppies

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Committee for the Abolition of Illegitimate Debt: Ukrainian debt, Argentina and IMF, Sri Lanka

According to the IMF, Ukraine’s war-ravaged economy could shrink by up to 35% this year if Russia’s invasion becomes a protracted conflict. This will have serious consequences on the Ukrainian popular classes who are reeling under serious difficulties. At the end of 2021, Ukraine was already burdened with $94 billion in public debt on its… Read More Committee for the Abolition of Illegitimate Debt: Ukrainian debt, Argentina and IMF, Sri Lanka

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Lynn Paramore: Our Economic System is Making Us Mentally Ill

If you’re unlucky enough to reside in a town where data centers house computer servers storing everything from financial data for giant corporations to military secrets, you’re likely to find that a loud, whining noise becomes life’s agonizing background. The sound peaks and subsides, but it’s always there, never allowing you to fully relax. Eventually,… Read More Lynn Paramore: Our Economic System is Making Us Mentally Ill

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Prem Sikka: Credit Suisse leaks expose an industry that has got away with too much for too long /Joseph Stiglitz: Credit Suisse has allowed the morally bankrupt to steal from the poor

How do the banks continue to get away with it? The latest revelations about Credit Suisse provide yet another glimpse into the corrosive nexus of banks, corporations, accountants, lawyers and financial intermediaries that enables the wealthy and political elites to profit from illicit practices. The bank itself is no stranger to predatory practices. Since 2001 it has… Read More Prem Sikka: Credit Suisse leaks expose an industry that has got away with too much for too long /Joseph Stiglitz: Credit Suisse has allowed the morally bankrupt to steal from the poor

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Chandran Nair: White privilege and global capitalism have roots in private property rights

It is rare and often uncomfortable to discuss the relationship between race and capitalism. Attributing certain economic systems to race relations and even discrimination are generally seen as reductive and even racist. Yet it is important to recognise that capitalism has a racial origin in the West – which knowingly placed white populations, and in… Read More Chandran Nair: White privilege and global capitalism have roots in private property rights

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Arun Kumar: Articles and discussions on Cryptos, Farmers, GDP and the unorganized, Omicron, Toxic Development and Demonetization 5 years later

Some links to select recent articles, discussions and interviews: Article explaining Cryptos and why they are not like cash. In the Wire on Dec 17 at: https://thewire.in/tech/shedding-a-bit-of-light-on-cryptos-what-are-they  Article explaining that Crypto Promoters are the Very Rich and the Libertarian argument for Cryptos is not correct. H W News on Dec 14  https://hwnews.in/business-finance/crypto-promoters-are-the-very-rich/176991  “Shadows of the Pandemic: What… Read More Arun Kumar: Articles and discussions on Cryptos, Farmers, GDP and the unorganized, Omicron, Toxic Development and Demonetization 5 years later

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