"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.
This book brings together acknowledged experts in their respective fields to provide a uniquely authoritative and comprehensive perspective on globalization and its impact on South Asia generally, and on India in particular.
Despite the bailouts and the hype - nothing significant has actually changed in the financial industry; and the crisis in Europe remains. Susan talks about what still must be done to prevent further economic crises in Europe, stabilise, and green the economy.
The challenges facing policy makers, analysts and activists dedicated to formulating environmentally sound, social and economically sound trade policies demand that we redefine the role and purpose of trade altogether.
Reclaiming Development, a closely-argued critique of neoliberal economic policy, is debunking development orthodoxies at its best. Republished now, ten years after its first appearance, the book has lost none of its relevance for students and those trying to re-direct economic policies away from their financialized doom-loops.
Amongst many other analyses and debates, the more extensive awareness of the active role of the state and of states in the purportedly highly successful 'market economies' in East Asia and South East Asia is bringing discussion of the role of state back into quite mainstream development discourse.
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.
Alternatives to neo-liberal globalisation are needed that not only change people-to-people and South-South relations and situations, but also South-North relations and inter-actions to the benefit of all of humanity and our common planetary home.
In a recent editorial comment, The Economist issued a solemn call to all believers in global capitalism not to despair, not to panick, and to do nothing that could endanger the capitalist system (October 18-24, 2008). The magazine invoked the words and spirit of its founder, the Scottish businessman, James Wilson, who, about 165 years ago, gave the paper the philosophy of "economic liberty".
Whose interest does the ten-year Strategy document for Africa actually serve? The World Bank has shown little insight into the real problems Africa faces, focusing instead on ineffective policies, support for repressive regimes and projects that are known to have failed.
Today, just as faith in deregulated markets has evaporated in the nightmare on Wall Street, so too is the long reign of market fundamentalism (or neoliberalism) ending in the development arena. And, a debate over the best route to development has returned.
The Permanent Peoples' Tribunal (PPT) will convene in Madrid (14-17 May 2010) as part of the Fourth Peoples' Alternatives Summit - Enlazandos Alternativas 4 (EA4) - in parallel to the EU's trade negotiations with Latin American and Caribbean (LAC) nations.