Economics

30.11.2019

Three Cheers for the Cheerfully Deluded!

Three Cheers for the Cheerfully Deluded!

By Howard Richards A compassionate realist acknowledges the positive social functions of delusions, of which there are many in CWP [Community Work Programme] at Orange Farm [a suburb of Johannesburg]: Delusions about how many jobs there are… »

29.11.2019

‘Everything Is Not Fine’: Nobel Economist Calls on Humanity to End Obsession With GDP

‘Everything Is Not Fine’: Nobel Economist Calls on Humanity to End Obsession With GDP

“If we measure the wrong thing,” warns Joseph Stiglitz, “we will do the wrong thing.” by Jon Queally, staff writer for Common Dreams Nobel Prize winning economist Joseph Stiglitz is warning the world that unless the obsession many world leaders have with gross national product… »

29.11.2019

Neoliberalism Backfires

Neoliberalism Backfires

Nick Hanauer, a self-professed capitalist billionaire, spoke at a TED conference only recently. He exposed neoliberalism’s brand of capitalism getting away with murder in plain sight. Mr. Hanauer described himself: “After a 30-year career in capitalism spanning three dozen companies, generating tens of billions of dollars in market value, I’m… »

28.11.2019

After Evo, the Lithium Question Looms Large in Bolivia

After Evo, the Lithium Question Looms Large in Bolivia

By Vijay Prashad The overthrow of the elected leader cannot be understood without a glance at the nation’s massive reserves of this crucial mineral. Bolivia’s president Evo Morales was overthrown in a military coup on November 10. He is now in Mexico. Before he left office, Morales had been involved… »

22.11.2019

China – Bolivia – a Lithium Deal – No More?

China – Bolivia – a Lithium Deal – No More?

By Peter Koenig China has by far the largest lithium market. China produces already today the most electric cars, about 1 million in 2018, and will at least triplicate their production by 2025 – and in the following decade or two, demand is expected to increase exponentially. Bolivia has the… »

19.11.2019

New development models to drive growth and employment for youth in Africa

New development models to drive growth and employment for youth in Africa

The United Nations Environment Programme (UNEP) today launched the Global Environment Outlook-6 (GEO-6) for Youth in Africa report on the margins of the 17th session of the African Ministerial Conference on the Environment (AMCEN). The report analyses the economic opportunities that Africa’s natural resources can provide for job creation and… »

09.11.2019

UN overwhelmingly votes for ending U.S. blockade against Cuba

UN overwhelmingly votes for ending U.S. blockade against Cuba

12:05 pm The voting process begins. Result: 187 in favor; 3 against; 2 abstentions Against: Israel, the United States, Brazil Abstaining: Colombia and Ukraine The United Nations General Assembly (UNGA) on Thursday overwhelming voted in favor of the resolution demanding ending of the U.S. blockade against Cuba with 187 countries voting in favor,… »

05.11.2019

Jeremy Corbyn is right: billionaires and poverty should not coexist

Jeremy Corbyn is right: billionaires and poverty should not coexist

It’s ludicrous to suggest that we need billionaires to incentivise work and wealth creation. Luke Hildyard for openDemocracy billion pounds is an almost incomprehensible amount of money. One of the most successful tricks that the rich and powerful have pulled on the rest of us is not merely… »

05.11.2019

U.S. debt exceeds $23 trillion for the first time in history

U.S. debt exceeds $23 trillion for the first time in history

By Countercurrents Collective U.S. Treasury Department figures released Friday show: U.S. public debt has surpassed $23 trillion for the first time in history, rising more than 100 percent in less than a decade and more than a trillion dollars this year alone. Of the total, less than US$17 trillion is owed… »

05.11.2019

Blue Economy: A new economic frontier of Bangladesh

Blue Economy: A new economic frontier of Bangladesh

By Mushfiqul Haque Mukit The ocean considered as a source of wealth for millennia, and conjoining to the economies around the world. There are many large cities and centers of commerce developed depends on access to the sea, and now some 38 percent (and growing) of the global population is… »

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