Economics

In the previous article, “The vicious circle of wealth concentration“, we described the mechanisms of accumulation through which economic power not only accelerates its appropriation of income, but also, because of its dominant position, remains unscathed from traditional methods of wealth redistribution (businessmen vs. wage-earners; tax collection vs. private… »

Transnational state capital can be just as harmful as its private counterparts. We need local, democratic and sustainable alternatives. Milan Babic for OpenDemocracy This article is part of ourEconomy’s ‘Decolonising the economy’ series. In a 2001 essay, Naomi Klein passionately called for “reclaiming the commons” in… »

The soil of Latin America stores enormous quantities of valuable mineral raw materials, necessary for the countries of the continent and for the world economy. The countries of South America have large tracts of land and forests. Some border seas rich in fish. In contrast to the material wealth of… »

An economic system that serves everyone and the planet is necessary for our survival. Here are some guiding principles. By David Korten for openDemocracy We’re running out of time. There’s spreading awareness of the institutional failure that is driving humans toward self-extinction, and related calls for a deep… »

When I was a young man, I spent six years of wild adventure in the tropics working as an investigative journalist in some of the most bewitching parts of the world. I… »

The ultra-rich are benefitting from disaster capitalism as institutions, rules and democratic oversight implode. By George Monbiot for The Guardian Seven years ago the impressionist Rory Bremner complained that politicians had become so boring that few of them were worth mimicking: “They’re quite homogenous and dull these… »

By Dr James M Dorsey Climate change, much like war, could prove to be a geopolitical and commercial gold mine. At least, that is the take of DP World, Dubai’s global port operator, and Russia’s sovereign wealth fund. DP World is partnering with the fund, the Russian Direct Investment Fund… »

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 more than half of the world’s wealth. We are resigned, like mere spectators, to a brutal… »

Britain has enough housing – it’s just that a series of outrageous policies makes it accessible only to the rich. By George Monbiot for The Guardian I have a friend who works almost every waking hour, mainly to pay the rent. Her landlord lives on a beach, 4,000 miles… »

At the International Social Forum organised by the UK Labour Party on the 13th and 14th of July 2019 a host of international speakers attended to give talks on subjects from global economics, climate crisis, global finance and accountability, movement of people and trade protectionism.  We publish here the transcript… »