In order to understand power, we have to look not just to the fields of extraction and their ruined landscapes, nor only at the immediate effects on water, air, wildlife, and the nearby communities that rely on all three. We also have to look up and down the commodity chain. Attention is currently fixed downstream, at the politics and power manifesting in decisions about who and what is expendable in order to get the bitumen to market.
Banks and Oil not only make up the most wealthy corporations, they sit on each other's boards and their executives include some of the world's most powerful political and social institutions. An insight into one dimension of the 'Davos class.'
Nick Buxton interviewed the renowned sociologist Saskia Sassen towards the end of 2018. For our State of Power 2019 report, we were keen to explore two themes with her. First, how finance has changed the nature of cities today and second, how finance has fuelled new forms of expulsions and dispossession. The interview concludes with a discussion of the fractures in the power of 'high finance' and how citizens' movements might take advantage to advance democratic control.
This essay focuses on the murky financial realm known as offshore finance. It shows that offshore finance is not solely about capital moving beyond the reach of states, but involves the rampant unbundling and commercialisation of state sovereignty itself.
The real-world examples in this book demonstrate that a political economy that curbs the power of big finance and serves people and planet is possible. The ideas shared here are timely and urgent—a call to readiness before the next financial bubble bursts.
Over the last 30 years, finance capital has become dominant in the leading capitalist economies, outstripping the industrial elite in power and influence. This development has led to the increasing subjection of the productive sector to the volatile dynamics of the financial sector.
This new handbook is an indispensable guide to climate activists and policy-makers alike towards a complete overhaul of the financial system to stop climate chaos. Central to its message is that fossil fuel lending can be redirected towards green energy and that public finance and ownership can bankroll and provide the infrastructure for delivering a Green New Deal.
The international bank transfer system, SWIFT, is a form of contemporary digital colonialism and surveillance capitalism as it is run by US firms and provides data to US government agencies. Drives by governments and philanthropists to increase use of digital money will only strengthen it further.
It may not be a new idea, but the speed with which the Green New Deal has gained traction in the US is remarkable. Potential presidential candidates are already embracing the call and it’s firmly on the agenda for the new Congress, with 40 Democratic members demanding a firm plan be drawn up.
Every day public banks are developing new and innovative ways of financing a green transformation. This issue brief explores the lessons from two public banks, one in Costa Rica and the other in Germany.
The growing call for the feminisation of politics – and energy politics for that matter – is about much more than merely increasing the representation of women in decision-making positions. We need to question the ways energy politics are shaped. We need to ask, energy for whom and energy for what?
This report seeks to explore and highlight the extent of today’s global border security industry, by focusing on the most important geographical markets—Australia, Europe, USA—listing the human rights violations and risks involved in each sector of the industry, profiling important corporate players and putting a spotlight on the key investors in each company.
The Transnational Institute (TNI) in the Netherlands is issuing an open call for essays, short papers, infographics and artistic collaborations for its forthcoming State of Power report launched in late January 2019 to coincide with the World Economic Forum in Davos. In 2019, we are particularly looking for accessible, engaging essays and artistic explorations that explore the issue of finance and power.
During September 2011, three years after the collapse of Lehman Brothers, public anger with the Great Financial Crisis boiled over right where it all started: Wall Street. The austerity measures taken in response to the crisis and the failure to hold bankers to account led a large group of activists to ‘occupy Wall Street’.
Despite causing the worst financial crisis in decades, the financial sector emerged even stronger. TNI's eighth flagship State of Power report examines through essays and infographics the varied dimensions and dynamics of financial power, and how popular movements might regain control over money and finance.
Originally developed to reduce drug trafficking, national and international efforts to reduce money laundering have broadened over the years to address other crimes, and most recently, terrorism. These efforts now constitute a formidable regime applied to financial institutions and transactions throughout much of the world. Yet few assessments of either the achievements or consequences of this regime have been made.
Giant corporations have taken control of our food. In the last two years, these companies have begun the process of merging and re-arranging themselves into just four colossal corporations. The larger these companies grow, the less we can control them. And the less control we have, the harder it is for us to build the kind of food system that more and more of us want: one that recognizes the value of people, respects the planet, and provides decent, dignified work. How did this happen, and what can we do about it?