Two months ago, the Government of India announced a massive demonetisation exercise that effectively nullified 86% of the currency in circulation. Economist and Former Member of the Planning Commission of India, Professor Abhijit Sen speaks to Benny Kuruvilla of TNI about its failed attempt at curtailing black money. Sen further elaborates on its body blow to Indian agriculture and employment- both in the informal and formal sectors. With challenges looming on the domestic and international economic front, 2017 does indeed look bleak for the Modi Government.
Amongst the big companies using the Dutch evasion routes are a large number of arms manufacturers and major international defence companies. Their almost empty offices or even only mailboxes in the Netherlands gives them the legal possibility pay as little tax as possible with all available legal tricks.
On 8 June the EU Parliament will vote on our response to the Eurocrisis: sign this petition by ATTAC asking them to reject the neoliberal austerity package which will make the public pay for the bank's crimes. There are alternatives to austerity.
El derrumbe de Wall Street no se debe solo a la codicia y a la falta de regulación estatal de un sector hiperactivo. Procede también, y sobre todo, de la crisis de sobreproducción que ha venido minando al capitalismo remundializado desde mediados de los 70.
John Cavanagh, Sarah Anderson, Chuck Collins, Sam Pizzigati
26 September 2008
Congress should use the proposed bailout legislation for much-needed reform ' in particular the need to start confronting the top-heavy distribution of American income and wealth that has fueled this Wall Street meltdown in the first place.
Today, just as faith in deregulated markets has evaporated in the nightmare on Wall Street, so too is the long reign of market fundamentalism (or neoliberalism) ending in the development arena. And, a debate over the best route to development has returned.