Chinese investments in Europe have surged in recent years, totaling €35 billion in 2016. This paper examines the nature and scope of Chinese investments, how investments in Europe differ to those made in the Global South, why the Chinese state is interested in investing in the Europe and the implications for social movements committed to social justice.
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.
Against all expectations, financial capital has emerged even stronger after the financial crisis having staved off regulation and putting the blame on public spending. But its victory is likely a pyrrhic one as a new crisis looms, one in which the global public could learn from victories such as reforms in Iceland and finally reassert its control over money.
In the era of globalisation, the steady removal of decision-making from democratic chambers by EU elites is serving as a blueprint for post-democratic governance around the world. Progressives must be ambitious and start putting forward ideas for a democratic world government as a viable alternative.
The 10th Asia Europe People’s Forum (AEPF10) tackled five major themes, or People’s Visions, which represent AEPF’s hopes for citizens of the ASEM member countries and the communities they live in. This is their final declaration.
The convergence of corporate, financial, intellectual, political and ideological elites interconnected through board memberships of companies, banks, policy groups, think tanks, foundations, advisory groups and forums has led to what billionaire Warren Buffet referred to as a ‘class war” in which “my class, the rich class, that’s making war, and we’re winning.” In the European Union, it is their choices that are largely reflected in the merciless austerity measures spreading poverty and unemployment as healthcare, education, social services, welfare and social housing are dismantled; as resources and assets are privatized, workers fired, pensions and social security are cut, workers have their rights and benefits dismantled, and the population is pushed into desperation. It is why the struggle for a different Europe must start first with tackling and undermining the power of those waging this war.
At a time when genuine progress towards real climate action is more vital than ever, this guide exposes how the corporations most responsible for climate change have taken over this year’s UN climate talks.
This working paper and infographic provide an overview of a great ‘fire sale’ of public services and national assets across Europe that is providing profits for a few transnational companies but is often fiercely opposed by its citizens.
The role of major supermarkets like Tesco in wiping out small retailers across Europe is well known. Now the giants have India in their sights. For a country in which small-scale retail employs 33 million people, what kind of impact will this have?
The Irish government announcement of a €34 billion Euro bailout, two years after the financial crisis first broke, is a reminder that little has been done to prevent it happening again just as the social costs are becoming ever more evident.