How China Is Offering an Alternative to the IMF
China seems poised to take leadership of regional efforts to forge a safety net that protects countries in East Asia from the fragility that cross-border financial flows engender.
Three Myths About Trickle-Down Economics
It is based on three giant myths: Tax cuts for corporations and the rich create more and better jobs; Tax cuts for big corporations and the rich spur economic growth; Deregulation spurs economic growth. It is time to debunk them, once and for all.
Bolivia’s Fight for Food Sovereignty
Food security and food sovereignty are key elements in reducing poverty and guarding against hunger and external economic shocks. Coming from the campesino social movements, Evo Morales was aware of this and made it a priority after coming to power. Bolivia now produces 95% of what it consumes.
Capitalism | China | Online Blog | USA | World Economy
Lithium, Cobalt, and Rare Earths: the Post-Petroleum Resource Race
If the world, and the USA, are to implement their plans for a green energy future, Washington and Beijing have no option but to cooperate. Otherwise, they can revert to the oil wars of the past. On an already overheating planet, that would lead to a civilizational fate worse than death.
An Urgent Call for Action by Nobel Laureates
The Nobel Laureates clarion call, issued at the 2021 Nobel Prize Summit, implicitly exposes neoliberalism’s driving force of globalisation as a core issue that impacts the planet by reaping riches without any hesitation or concern for the disintegration of ecosystems.
Colombia on the Brink
The defeat of the regressive tax bill is an unprecedented triumph for the youth, the urban poor, and the unions of teachers and health care workers who promoted the uprising.
UN Food Summit: Cover for an Agribusiness Coup?
The historic Food Systems Summit being organised by the United Nations later this year has been co-opted by corporate interests who are pushing towards a highly industrialized style of agriculture promoted by supporters of the Green Revolution.
The IMF Is Using the Debt Crisis to Hollow Out Pakistan’s Sovereignty
Imran Khan’s government came to power in 2018 promising to reorient Pakistan’s economy toward the needs of the population. But faced with a debt crisis it soon dropped its reformist agenda — and now, the IMF is pressuring it to place its State Bank permanently beyond democratic control.
Capitalism | China | Online Blog | USA | World Economy | World Politics
Castigating Its Competitors: Western Hypocrisy and China
What is ultimately missing in the Western media’s critiques of China and elsewhere is objectivity. The raping of the planet, the massive inequality and so on, is being carried out by all sides – China, Russia, the EU, and the US.
National Strike in Colombia Continues for a Second Day
Thousands of Colombians, for a second consecutive day, mobilize in rejection of the far-right President Ivan Duque’s neoliberal tax reform, which seeks to make the working class pay for the fiscal deficit incurred due to the COVID-19 pandemic.