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.
The EU debt crisis foretells a more serious global debt crisis, caused by unlimited growth and the ongoing financial casino. Latin America's emerging financial and regional architecture offers hope for a new type of integration based on solidarity.
The ancient discussion about the purposes of wealth and the conflict between oligarchy – rule of the rich – and democracy – the rule of the demos/the people comes to the fore once again with the Occupy protests.
Dr. Pedro Paez talks about the creation of a new financial architecture in Latin America, based on principles of redistribution, environmental sustainability and social cohesion rather than market principles that dominated the old architecture.
Behind the currency wars and the worsening global economic crisis lies a largely unquestioned free trade model that both contributed to the crisis and, without radical reform, is a major obstacle to overcoming it.
After a brief period of destabilisation, self-justification and the occasional mea culpa, the very people and institutions that plunged the world into crisis have re-emerged unscathed, as the fount of truth and all reasonable policy.
The flawed neoliberal notion behind India's hosting of the Commonwealth Games, that 'development' starts with attracting foreign capital investment - has brought only corruption and the destruction of communities to Dehli.
There are many important factors to consider when speaking broadly of China's role in Africa, and one should avoid falling into the trap of simplistic comparisons with historic African-European relations.
Susan spoke at length on France Culture talking about the converging economic, social and environmental crises of globalization, and what alternatives exist to the current state of affairs. Susan's new book Their Crisis, Our Solutions has just been published in French (Leurs Crises, Nos Solutions) and Spanish (Sui Crisis, Nuestra Soluciones), and is due out in English in September.
"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.