Economics

14.01.2020

Why Is Trump the Only Candidate With a Budget Proposal?

Why Is Trump the Only Candidate With a Budget Proposal?

An important job of any U.S. president is to propose an annual budget to Congress. Shouldn’t it be a basic job of every presidential candidate to propose one to the public? Isn’t a budget a critical moral and political document outlining what chunk of our public treasury should go to… »

11.01.2020

Largest Ever Strike in India Shakes Up Modi Govt

Largest Ever Strike in India Shakes Up Modi Govt

by Subodh Varma 08 Jan 2020 India woke up on January 8, to witness the largest-ever strike with an estimated 25 crore (250 million) workers, employees, farmers and rural labourers stopping work and hitting the streets to protest against the Modi government’s economic policies and divisive politics. Reports coming in… »

03.01.2020

Australia’s bushfires are a wake-up call: we must build a more humane economy before it’s too late

Australia’s bushfires are a wake-up call: we must build a more humane economy before it’s too late

Economists used to admire scientists. Now they ignore them at our peril. Katherine Trebeck for openDemocracy Back in the 1800s, scholars in the field of economics cast an envious glance at their colleagues in science. They envied physics, with its laws of gravity. They looked with green-eyes… »

03.01.2020

The Future of 2019 Protests Around the World

The Future of 2019 Protests Around the World

Being a universal city, any conflict happening somewhere on the planet usually ends up on New York’s streets. During the year we have been covering some of them, but while working on this article we were surprised by the scale of the discontent. Over forty countries, on every continent, have… »

02.01.2020

Union Minister Pratap Chandra Sarangi writes to Niti Ayog to consider Demands of Satyagraha

Union Minister Pratap Chandra Sarangi writes to Niti Ayog to consider Demands of Satyagraha

Press Release By Abhilash.C.A, Secretary, Gram Seva Sangh The Minister of State, MSME, Pratap Chandra Sarangi has instructed the Niti Ayog Vice Chairman Dr. Rajiv Kumar on December 21, 2019 to look into the demands of the Satyagraha for Sacred Economy spearheaded by Gram Seva Sangh. In his letter, the… »

28.12.2019

The 2019 Nobel Prize shows why we need to dump conventional economics

The 2019 Nobel Prize shows why we need to dump conventional economics

By Dr Ted Trainer The prize has gone to three people studying how the poor can derive more benefit from existing “development” practices. It sees no reason to question the existing market and growth-driven economy and its derivative, development theory. It doesn’t threaten the massively unjust and environmentally… »

26.12.2019

An Economics Nobel Prize view of neoliberalism and Argentina’s future

An Economics Nobel Prize view of neoliberalism and Argentina’s future

Joseph Stiglitz is an American economist who received the Nobel Prize in Economics in 2001. He is a former senior vice president and chief economist of the World Bank. In recent years he has been a harsh critic of globalised neoliberalism, which he calls “free market fundamentalism”, and of international… »

22.12.2019

In search of a sane economy

In search of a sane economy

Could degrowth, community, and basic income create a sane economy? An interview with one of the godfathers of the basic income movement, Phillippe Van Parijs. Philippe Van Parijs for openDemocracy-Beyond traffic and slavery. Phillippe Van Parijs is a philosopher at the University of Louvain and a founding member… »

20.12.2019

2019 – A Devastating Year in Review

2019 – A Devastating Year in Review

By Farhana Haque Rahman By any measure this has been a devastating year: fires across the Amazon, the Arctic and beyond; floods and drought in Africa; rising temperatures, carbon emissions and sea levels; accelerating loss of species, and mass forced migrations of people. As seen through the… »

19.12.2019

After the Argentina debacle, the IMF endorses weakening capital controls in Ecuador

After the Argentina debacle, the IMF endorses weakening capital controls in Ecuador

The IMF is backing a tax reform bill in Ecuador that will enable capital flight and further austerity. Lara Merling for openDemocracy Over the past year, a rebranded IMF returned to Latin America with promises of loan agreements that would be different than the dreaded “structural adjustment programmes”… »

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