Debate between leading European and Asian analysts on the decline of European power, the economic rise of China and India, the likelihood of global recession, climate change and proposed alternatives to the current global economic model.
The green potential of agrofuels has been wasted by businesses that put profits above environmental protection, which has led to an absurd situation where an energy source that should be sustainable actually increases human and ecological damage.
"The banks are ours!" Public money was used to bail out the banks, and now they are lending back to the public at interest, while governments ignore the social and environmental crises that confront society. It is time to demand real solutions that will work not only for the sake of the economy but for the lives and conditions of people on whom it depends.
The term crisis implies a short lived period of uncertainty - suggesting there is something temporary or anomalous about the current state of the global economy. On the contrary, our global economy, from the financial clouds (or bubbles) to the real roots - where men and women work, live and survive - is suffering from systemic flaws based on an ever expanding void between rich and poor.
Walden Bello speaks at the University of Minnesota where he discusses China’s role in the global climate politics and the implication of the current global economic downturn for the climate policy and development.
Neoliberal market capitalism has dragged the world into a crisis which threatens human civilisation. Climate destruction, resource wars, and the replacement of democracy by an oligarchy face us if we don't act now to reduce the burden we place on our planet and reorganise society on a more egalitarian basis.