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 – meaning profits and…
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 this matter in the US…
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 tariffs and investors took some solace in…
By Jim Tankersley* – The New York Times WASHINGTON — From tax cuts to relaxed regulations to tariffs, each of President Trump’s economic initiatives is based on a promise: to set off a wave of investment and bring back jobs that the president says the United States has lost to…
By The Editorial Board (*) – The New York Times The Trump administration continues to escalate its confrontation with China, but there is no clear goal — and no end in sight. President Trump told the American people that confronting China would be quick and painless and would…
By Anis Chowdhury and Jomo Kwame Sundaram SYDNEY and KUALA LUMPUR, Aug 7 2019 (IPS) – According to their own internal evaluations, both the World Bank (WB) and the International Monetary Fund (IMF) have huge credibility deficits due to the policy conditionalities and…
Oscar Ugarteche / Armando Negrete (*) – ALAI U.S.-China trade negotiations will resume the first week of August in Shanghai. So far, neither side has yielded to the conditions of the other.
By Adam Tooze* NEW YORK, Aug 1 2019 (IPS) – In the grand European political reshuffle of 2019, it turned out that Christine Lagarde was the answer to the conundrum of who should replace Mario Draghi at the European Central Bank. But her move opens another question. Who succeeds…
By Anis Chowdhury and Jomo Kwame Sundaram (*) SYDNEY and KUALA LUMPUR, Jul 30 2019 (IPS) – July 2019 saw the 75th anniversary of the historic conference of 44 countries held at the Bretton Woods (BW) resort in New Hampshire during July 1-22, 1944 Conference At BW, John Maynard…
By Guillermo Sullings* – Pressenza, International Press Agency We often read statistics illustrating the accelerated concentration of wealth in the world; a few billionaires accumulate more wealth than the poorest half of the planet, and the richest 1% of the population owns…
