The international bank transfer system, SWIFT, is a form of contemporary digital colonialism and surveillance capitalism as it is run by US firms and provides data to US government agencies. Drives by governments and philanthropists to increase use of digital money will only strengthen it further.
Despite causing the worst financial crisis in decades, the financial sector emerged even stronger. TNI's eighth flagship State of Power report examines through essays and infographics the varied dimensions and dynamics of financial power, and how popular movements might regain control over money and finance.
The Transnational Institute (TNI) in the Netherlands is issuing an open call for essays, short papers, infographics and artistic collaborations for its forthcoming State of Power report launched in late January 2019 to coincide with the World Economic Forum in Davos. In 2019, we are particularly looking for accessible, engaging essays and artistic explorations that explore the issue of finance and power.
This paper focuses on how the global economic crisis unfolded in Europe, where a toxic mix of financial liberalization, highly-leverage banks, a poorly-planned euro and Germany’s years of structural adjustment created a deeply unbalanced and highly indebted European economy, that was brought into sharp focus as Wall Street banks collapsed. The result was the reversal of Europe's economic integration and a state of permanent crisis that continues to this day.
One week before the official Asia-Europe government meeting (ASEM) gathers in Milan, over 400 people from 42 countries in Europe and Asia gathered at the 10th Asia-Europe Peoples forum (AEPF) to present their demands and recommendations.
Susan George chairs the Transnational Institute in Amsterdam. She says the Trans Pacific Partnership Agreement could give powerful companies the right to challenge domestic laws which restrict their future profits.
A LEADING international political economist has warned that democracy is being damaged by the insidious creep of transnational corporations into government policy and their refusal to adopt country-by-country accounting practices, which have helped them avoid taxes.
The philosophy and experience of radical movements in the 1960s and 70s are in several ways complementary to the ideas of the direct action movements of today. Hilary Wainwright examines the possibility of forging a new kind of political economy by learning from the best of both of them.
Who are the global 1%? What companies do they run? How do they escape accountability? Check out TNI's powerful infographic displays that expose the social and environmental costs of global corporate power.
The Davos class run our major institutions, know exactly what they want, and are well organized, but they have weaknesses too. For they are wedded to an ideology that isn't working and they have virtually no ideas nor imagination to resolve this.