Casino Crash

TNI, made up of academic scholars from around the world, has long been warning of the dangers of the financial bubble, featuring articles on the issue and holding a Fellows Meeting titled the “Power of Money” in 2007. TNI launched a blog during 2008 to bring together some of the commentary and news on the crisis. The blog has now been closed but this page will continue to collate analysis on the crisis and share alternative solutions put forward by global social movements that are rooted in social and environmental justice.

Beijing Declaration

TNI together with Focus on the Global South and many other civil society groups pulled together one of the first declarations outlining a radical critique of the financial crisis and outlining key actions that needed to be taken to tackle the systemic failures of neoliberal capitalism and in order to advance towards a more socially and environmentally just world.

> View declaration

TNI has also signed and supported the declaration: "For a new economic and social model: Let's put finance in its place" that came out of meetings at the World Social Forum in Belem, January 2009. >See the declaration and sign!

HIGHLIGHTED ARTICLES

A Primer on the Wall Street meltdown
Walden Bello
The Wall Street meltdown is not only due to greed and to the lack of government regulation of a hyperactive sector. It stems from the crisis of overproduction that has plagued global capitalism since the mid-seventies.

The Coming Capitalist Consensus
Walden Bello
Economic and political elites are converging on Global Social Democracy as a solution to the current economic crisis. But we need more than social management: we should aspire to paradigms of social organisation that aim for equality and participatory democratic control of both national and global economy.

Transforming the Global Economy: Solutions for a Sustainable World
The Schumacher lecture
Susan George
6 October 2008
The current financial crisis provides the ideal opportunity to implement tax reforms that would finance the conversion to eco-friendly industry: an environmental Keynesianism that would pull the world out of economic ruin and social chaos while getting the runaway global financial system under control.

The Wall Street meltdown: the view from Asia
Walden Bello, 1 October 2008

Lessons from Keynes
Howard M Wachtel

An opportunity to put radical options on the table?
Barry K Gills, 2 October 2008

Development Redefined
John Cavanagh and Robin Broad, 25 September 2008

The bailout and CEO pay: what’s ‘excessive’?
Sarah Anderson and Sam Pizzigati

Street of Dreams - Boulevard of Broken Hearts
Wall Street's First Century
Howard Wachtel
May 2003

The Bailout and 'Greedy' CEOs
Sarah Anderson, John Cavanagh, Chuck Collins, Sam Pizzigati

Congress should use the proposed bailout legislation for much-needed reform.

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