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386 items
  1. Europe's Faustian Bargain with Big Finance

    Walden Bello
    24 May 2017
    Article

    Europe's social democrats played a central role in unleashing the financial sector that created the European economic crisis that continues to today.

  2. Europe: social democracy’s Faustian pact with global finance unravels

    • Walden Bello
    18 May 2017
    Paper

    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.

  3. Interview: Keynesianism and the great recession

    Walden Bello
    02 March 2017
    Article

    Keynesianism offered important tools for overcoming the economic crisis, but its application by Obama's government was too half-hearted and misdirected (going to banks rather than households) to effectively reduce the recession. Clinton paid the price.

  4. Keynesianism in the Great Recession

    • Walden Bello
    22 February 2017
    Paper

    The derailment of progressive Keynesianism by Obama’s conservative, technocratic Keynesianism resulted in a protracted recovery, continuing high unemployment, millions of foreclosed or bankrupt households fending for themselves, and more scandals in a Wall Street where nothing had changed. Obama did not pay for this tragic outcome in 2012, but Hillary Clinton did in 2016.

  5. Rodrigo Duterte: A Fascist Original

    Walden Bello
    19 January 2017
    Article

    Despite his bloody reign, Duterte remains popular, with the latest domestic poll giving him a trust rating of “excellent.” What makes Duterte tick? What drives many of his admirers to exclaim that they’re ready to die for him?

  6. How Obama’s legacy lost the elections for Hillary

    Walden Bello
    17 November 2016
    Article

    Instead of jobs and relief, the Obama administration offered only half-measures to struggling people in the Rust Belt and beyond.

  7. Las lecciones de la batalla de Seattle y sus secuelas

    Walden Bello
    11 November 2016
    Article

    Walden Bello comparte algunas reflexiones sobre lo que significó Seattle para los cambios en los sistemas de conocimiento, analiza cómo, a pesar de la profunda crisis del neoliberalismo, el capital financiero ha conseguido mantener un enorme poder, y apela a una nueva visión integral de una sociedad deseable.

  8. How Middle-Class Chileans Contributed to the Overthrow of Salvador Allende

    Walden Bello
    30 September 2016
    Article

    American intervention was one factor leading to the Chilean coup—but unrest on the part of middle-class Chileans was another.

  9. Revisiting the lessons of the Battle of Seattle and its aftermath

    Walden Bello
    25 August 2016
    Article

    Walden Bello shares some reflections on the meaning of Seattle for change in knowledge systems, discusses how despite the deep crisis of neoliberalism, finance capital has managed to retain tremendous power, and appeals for a new comprehensive vision of the desirable society.

  10. Chronicling an Electoral Insurgency: “Dutertismo” Captures the Philippines

    Walden Bello
    19 May 2016
    Article

    International reports about the recent election in the Philippines invariably refer to its result as a “political earthquake.”

    The metaphor is accurate.

  11. Tyranny of finance thumbnail image

    La tiranía de las finanzas globales

    • Walden Bello
    17 February 2016
    Report

    Contra todo pronóstico, el capital financiero ha emergido aún más fortalecido de la crisis financiera y ha logrado mantener a raya las regulaciones y cargar la culpa al gasto público. Pero su victoria es probablemente pírrica porque se avecina una nueva crisis en la que la ciudadanía global podrá aprender de victorias tales como las reformas en Islandia y reafirmar finalmente su control sobre el capital.

  12. Tyranny of finance thumbnail image

    The tyranny of global finance

    • Walden Bello
    19 January 2016
    Report

    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.

  13. Brazil: Can the Workers’ Party surmount its current crisis?

    Walden Bello, Cecilia Lero
    04 November 2015
    Article

    For some, regaining the party’s early identity and vigor as an anti-capitalist force linked to an insurgent labor movement and a dynamic civil society is the real answer to the PT’s troubles

  14. China’s stock market crash: Symptom of a bigger crisis

    Walden Bello
    29 September 2015
    Opinion

    The spectacular cratering of the Shanghai stock market, which lost nearly 40 percent of its value in just 10 weeks, is a sign of a much bigger problem.

  15. The Brics and Global Capitalism

    • Walden Bello
    03 September 2014
    Paper

    The rapid growth of BRICS economies can not obscure a growing crisis of inequality, social unrest and the perils and limits of export-orientated economies.

  16. Yolanda: the Messenger

    Walden Bello
    11 November 2013
    Article

    It seems these days that whenever Mother Nature wants to send an urgent message to humankind, it sends it via the Philippines. This year the messenger was Yolanda, a.k.a. Haiyan.

  17. The Checkered History of Humanitarian Intervention

    Walden Bello
    06 September 2013
    Article

    The impending US strike on Syria is justified as necessary to punish the Assad regime for using chemical weapons on its citizens and prevent it from further employing them. The situation, says Washington, calls for “humanitarian intervention.”

  18. On the Disappearance of Sombath Somphone

    Walden Bello
    16 January 2013
    Article

    The Asia-Europe People’s Forum requested a delegation of ASEAN parliamentarians to visit the Lao Peoples’ Democratic Republic to investigate the disappearance of Sombath Somphone, the prominent Lao leader of civil society. 

  19. Towards a grand compromise in climate negotiations

    Walden Bello, Richard Heydarian
    28 November 2012
    Article

    Could dread at the deadly consequences of climate change force a compromise between Washington and Beijing in the same way fear of nuclear war caused a US-Soviet Union detente?

  20. Climate negotiations locked in stalemate

    Walden Bello, Pablo Solon
    04 September 2012
    In the media

    Still there seems no progress among countries to commit to increasing the level of emission reductions for this decade. Why are the climate talks stalemated and what should be done to break the deadlock?

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