Debt

    Armin Thurnher

    People have been literally robbed over the last thirty years as money has moved up from labour to capital. And as people have less money to spend, we are constantly in a crisis of overproduction.

    The economy centred on profit and the individual accumulation of material wealth by the cruellest competition and egocentric corporatism has had catastrophic effects and must give way to an economy centred on the social individual, on the human person.

    The requirements for reducing or eliminating poverty, in Europe and world-wide, are known and the money is there, but the weight of the financial lobby is such that political will at present seems non-existent.

    Taking into account the current financial earthquake that is shaking the US financial system, Marcos Arruda summarizes some of the main arguments related to the creation of a new financial architecture for South America.
    Walden Bello, Shea Cunningham and Bill Rau

    Dark Victory reveals the roots of rising poverty and inequality in the South in a sweeping strategy of global economic rollback unleashed by the US to shore up the North's domination of the international economy and reassert corporate control.

    Fabrizio Sabelli

    An examination of the World Bank's policies and culture reveal a supranational, non-democratic and extremely powerful institution which functions much like the medieval Church or a monolithic political party, relying on rigid doctrine, hierarchy and a rejection of dissenting ideas to perpetuate...

    In an unsettling but lucid critique, The Debt boomerang shows that we in the North must also pay the price of World bank and IMF policies that have accelerated deforestation, encouraged mass migrations, fuelled an expanding drug trade and heightened global instability and conflict.

    Over the years, many readers have asked me if another edition of How the Other Half Dies would ever appear. I had always, until now, had...

    The 25 year long stagnation of the Philippine economy is the consequence of the government’s reduced capacity to invest - as it prioritises debt repayments, and of the loss of revenues due to trade liberalisation.

    Assaulted on all sides owing to its entanglement in the ZTE...

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