By Jomo Kwame Sundaram and Michael Lim Mah Hui (*) KUALA LUMPUR and PENANG, Feb 4 2020 (IPS) – Financialization has worsened inequality through various channels, including macroeconomic policies. For example, quantitative easing and low, if not negative interest rates… Continue Reading
By Conor Lynch * – Truthdig Few thinkers are more deserving of criticism than Milton Friedman. Not only was he the late 20th century’s leading proponent of unfettered capitalism, he served as one of the intellectual fathers of the neoliberal ideology… Continue Reading
Mike Konczal – Roosevelt Institute SUMMARY: INTRODUCTION Over the past several decades, an empirical revolution in economics has undermined many of the assumptions of the reigning approach to economic policy, which we refer to here as “neoliberalism.” This issue brief elevates… Continue Reading
Editorial The climate crisis and social unrest could finally force corporate leaders to think beyond the profit motive When Klaus Schwab founded the World Economic Forum in an Alpine ski resort in 1971, he wasn’t to know that the 30-year… Continue Reading
Annette Zimmermann, Elena Di Rosa, Hochan Kim – Boston Review We need greater democratic oversight of AI not just from developers and designers, but from all members of society. A great deal of recent public debate about artificial intelligence has… Continue Reading
By Aparna Gopalan* – The Nation The 2019 Nobel Prize winners in economics represent a new strain of neoliberal thought. In 1974, the neoliberal Austrian economist Friedrich Hayek was awarded the newly instituted Sveriges Riksbank Prize in Economic Sciences in… Continue Reading
By Anis Chowdhury * and Jomo Kwame Sundaram** SYDNEY and KUALA LUMPUR, Jan 7 2020 (IPS) – The latest November 2019 UBS/PwC Billionaires Report counted 2,101 billionaires globally, or 589 more than five years before. Earlier, Farhad Manjoo had seriously… Continue Reading
By Davina Jackson * – The Conversation Al Gore’s 1992 forecast of a Digital Earth — where satellites beam data to reveal all the planet’s environmental dynamics – has gained momentum with the publication of the Manual of Digital Earth… Continue Reading
Robert B. Reich* – Newsweek Boeing recently fired CEO Dennis Muilenburg in order “to restore confidence in the Company moving forward as it works to repair relationships with regulators, customers, and all other stakeholders.” Restore confidence? Muilenburg’s successor will be… Continue Reading
By Ellen Brown* – Truthdig+ Former Federal Reserve Chairman Alan Greenspan called Paul Volcker “the most effective chairman in the history of the Federal Reserve.” But while Volcker, who passed away Dec. 8 at age 92, probably did have the greatest… Continue Reading
By Karin Pettersson* STOCKHOLM, Dec 3 2019 (IPS) – The news-media industry has long lamented how the digital revolution has broken its business models. Today, a majority of digital advertising money goes to Facebook and Google, and media companies are… Continue Reading
By Roberto Savio * Rome, Nov 14 – This year the Worldwide Web is thirty years old. For the first time since 1435, a citizen from Brazil could exchange their views and information with another in Finland. The Internet, the… Continue Reading
By Jomo Kwame Sundaram and Anis Chowdhury (*) KUALA LUMPUR and SYDNEY, Nov 13 2019 (IPS) – Almost nine decades ago, newly elected US President Franklin Roosevelt introduced the New Deal in 1933 in response to the Great Depression. The… Continue Reading
By Robert Reich* -Newsweek Millionaires are wailing that Elizabeth Warren’s and Bernie Sanders’s wealth tax proposals are attacks on free market capitalism. Warren “vilifies successful people,” says Jamie Dimon, CEO of JPMorgan Chase. Rubbish. There are basically only five ways… Continue Reading
By Ellen Brown* – Truthdig(+) Central bankers are out of ammunition. Mark Carney, the soon-to-be-retiring head of the Bank of England, admitted as much in a speech at the annual meeting of central bankers in Jackson Hole, Wyo., in August. “In the longer-term,”… Continue Reading
By Francesco Martone* “Power inferno”, this is the title Jean Baudrillard gave to one of his essays in the aftermath of the attack at the Twin Towers , paraphrasing the title of a catastrophic film that hit the billboards years earlier , A… Continue Reading
By George Friedman* – Geopolitical Futures All three countries are competing for power in the Pacific The United States emerged from World War II with complete control of the Pacific Ocean. Japan emerged from the war occupied and effectively governed… Continue Reading
Joseph Stiglitz* – Project Syndicate/ The Guardian An apparent move by big business to maximise stakeholder value sounds too good to be true For four decades, the prevailing doctrine in the US has been that corporations should maximise shareholder value… Continue Reading
BY DR. JOSEPH HUBER* “Ethical Markets shares the misgivings of so many experts, central bankers, politicians and citizens about trusting Facebook’s plan to issue its Libra currency. We have posted links to many experts’ critiques and to C-SPAN Hearings on… Continue Reading
By Alexandra Stevenson*, Amie Tsang and Matt Phillips – The New York Times Stocks in the United States swerved up and down on Thursday after China sent conflicting signals about how it would respond to President Trump’s threats of new… Continue Reading
