This paper examines global inequalities and the future of capitalism and socialism through an investigation of the oligarchic wealth on which the current global order is based and also looks at growing challenges to these social foundations of the present global system.
Free trade or slave trade? How the EU's free trade agreements in Colombia and Peru reward human rights abuses, destroy livelihoods, promote land grabbing and strip governments of their sovereignty to regulate capital flows.
China's fast growing capital expansion within South East Asia is raising concerns about landgrabs and exploitative practices, especially as it is often aligned with support for authoritarian regimes such as Burma.
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.
The language contained in agreements being negotiated by the EU through the WTO with their southern counterparts often deliberately diguises real political goals, obscuring the negative economic implications for those countries of the neoliberal agenda.
A new bill has been passed in Russia that will extensively roll back Government funding of education, the arts and social services - by introducing per capita financing - that will punish smaller towns and downgrade quality in the larger ones.
"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.
Susan George appeared on the major French radio network France Inter to debate the financial crisis and regulation. Her most recent book "Their Crises, Our Solutions" has been published in French ("Leurs Crises, Nos Solutions"); the English version is due to be published in September.
The “corruption-causes-poverty” narrative has become a standard tool in the hegemonic discourse kit for leaders in some developing countries - where in fact, Waldon Bello argues, it is neoliberal economic policies that are really to blame for poverty. Thailand’s “Red Shirts” are not, however, being distracted by the “corruption” line the World Bank and IMF are pushing, choosing instead to keep their eyes on the prize - the real answer to poverty - replacing neoliberalism with pro-people economic policies.
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.