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5 items
  1. State of Power 2019 cover thumbnail

    Cocaine on Wall Street, The War on Drugs, and Peace in Colombia

    • Jorge Andrés Forero-González , Miranda D. Mosis, Diana María Peña-García
    08 February 2019
    Paper

    This essay connects cocaine, the financial system and global economies through the experience of the war on drugs and peace process in Colombia.

  2. The data of money

    • Andrés Arauz
    28 January 2019
    Paper

    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.

  3. Asian financial crisis thumbnail image

    Asia and Finance Capital: From the Japanese bubble to China’s financial time bomb

    • Walden Bello
    18 September 2017
    Paper

    This paper dissects the Japanese bubble economy in the late 1980’s and early 1990’s and the Asian Financial Crisis in 1997-98 and shows how they shaped Asia’s capacity to deal with and respond to the 2008 global financial crisis. It looks at how China emerged seemingly unscathed, but warns that the inroads of speculative financial capital into China and East Asia along with ongoing problems of over-production means that a future financial crisis is highly probable.

  4. Europe: social democracy’s Faustian pact with global finance unravels

    • Walden Bello
    18 May 2017
    Paper

    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.

  5. European Democracy Now!

    03 November 2011
    Other news

    While banks and European leaders negotiate the next public bail out of private greed, and the financial speculation that caused the crisis continues unheeded, Europeans have shown that like many people around the world, from Tahrir to Syntagma Square and Wall Street, they are not going to take more neoliberal austerity lying down. The question already being asked by many observers is - where to now for the popular demonstrations?