This paper examines global inequalities and the future of capitalism and socialism through an investigation of the oligarchic wealth on which the current global order is based and also looks at growing challenges to these social foundations of the present global system.
Until the European Commission shows it has learnt the lessons of the 2008 financial crisis and demonstrates the political will to re-regulate the financial sector, it will be unable to resolve the crises in Greece, Ireland and Portugal
The Greek crisis has exposed the fundamental flaws in the Euro project: it stripped countries control over the price of money and allowed political elites to undermine Europe's post-war social contract.
One hundred and forty years after the Paris Commune similar demands for democratic change resonate strongly in Spain. Recent mass mobilisations show the Spanish people have had enough of politics that serve only the interests of a few, while public interests are subordinated to the profit imperatives of big business.
While countries all over the world review their nuclear energy plans and safety measures in the wake of the Fukushima disaster, the Indian government still pushes ahead with it's fiercely opposed Jaitapur plant.
Three years since the outbreak of the global financial crisis, the banks are back making mega-profits while the burden has clearly shifted to citizens and workers. However civil society action at European level could still make a difference in reining in the financial sector.
As Brussels bureaucrats and established political parties struggle to answer the current crisis caused by a faulty economic structure, right-wing nationalist parties have increasingly come to the fore in Europe, with Finland's recent election the last contribution to a worrying trend.