Thomas Marois, Senior Lecturer in Development Studies argues that until people regain control of money and credit, we will not be able to stop economic and ecological crises. Most people don't know that fortunately there is untapped potential in public banks, that make up a quarter of all banks worldwide. Drawing on his research on public banks in Turkey, Costa Rica and elsewhere, Marois points to the potential and problems of public banks and how we might harness them to deliver social and environmental justice.
Despite large aid support, Ghana's privatised water utility AVRL consistently failed to meet its contractual commitments. Water is now back in state hands, but it will need increased investment and a vigilant civil society to deliver the services Ghanaians need.
Praful Bidwai, How rising inequality threatens our democracy
11 February 2014
India is becoming an increasingly inequitable, “rich-take-all”, pathological, society marked by exclusion and immobility, where an individual’s circumstances of birth, and class and caste privileges, matter more than his/her effort.
One hundred and forty years after the Paris Commune similar demands for democratic change resonate strongly in Spain. Recent mass mobilisations show the Spanish people have had enough of politics that serve only the interests of a few, while public interests are subordinated to the profit imperatives of big business.
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.
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.