Economists consistently have upheld the power of elites, at times by taking their side overtly, but most often by ignoring or obscuring power, giving economics a veneer of science, in which the impact on people and the environment is hidden from public view.
Austerity in Greece and Italy has struck workers' particularly hard, but it has also been the context for radical innovations in ’organising the unorganised’, building new kinds of work spaces and even taking control of production.
How have mining transnational companies and the extractive industry become so powerful in every country, no matter the political shade. Marshall shows how the ‘promiscuously intimate’ relationship between governments and companies developed and how we might resist.
How did the financial sector succeed escaping censure and even effective regulation despite the global economic crisis? Through the case study of the proposed Financial Transaction Tax, Kalaitzake looks at how the financial sector succeeded in capturing policy and politicians and how we might challenge their power.
Financial speculation has not just rewarded bankers; it has played a major role in fuelling hunger, land dispossession and climate change. Yet the financial sector innovates false financial ‘solutions’ to the very problems it creates.
Many people understand how the Internet has revolutionised society, but have we really grasped the power implications? Richard Hill shows how US policy-makers have used the ad hoc ‘multi-stakeholder’ governance of the Internet for political and economic ends.
The horrific forced disappearance of 43 students in Iguala reveals how organised crime and corruption thrive in conditions of institutional or democratic weakness, shaped to a large extent by distinctive transnational relations (importantly, in this case, with the US). Fortunately groups like the Movement for Peace with Justice and Dignity are showing a burgeoning ‘social power‘ that has the potential to change politics and policy.
How transnational corporations have succeeded in replacing rule of law with Global Corporate law, using a multitude of norms, treaties and agreements - most recently the Transatlantic Trade & Investment Partnership - to secure their rights to profit above human rights.