Economics

18.12.2019

Five Years After Obama’s Cuba Opening, Cubans Are Reeling From The “Trump Effect”

Five Years After Obama’s Cuba Opening, Cubans Are Reeling From The “Trump Effect”

By Medea Benjamin Gloria Minor had been preparing her AirBnB in Havana for years, investing every penny her sister sent her from Miami in repairing and refurbishing her apartment.  With President Obama and Cuban President Raul Castro re-establishing relations five years ago, Minor was sure the expected flood of U.S. visitors… »

18.12.2019

‘Atrocious’: 188 Democrats Join GOP to Hand Trump $738 Billion Military Budget That Includes ‘Space Force’

‘Atrocious’: 188 Democrats Join GOP to Hand Trump $738 Billion Military Budget That Includes ‘Space Force’

“It is Orwellian for Congress to hand over billions of dollars worth of weapons and bombs to a president waging a horrific, unconstitutional war in Yemen—and call that progressive.” By Jake Johnson, staff writer, Common Dreams More than 180 House Democrats joined a nearly united Republican caucus Wednesday night… »

16.12.2019

Climate Change – Where Are Our Economic Elites Headed?

Climate Change – Where Are Our Economic Elites Headed?

As William Nordhaus illustrated in his Nobel award address in December last year, the free-rider problem is particularly severe for climate change. Those who do nothing ride free, while those who undertake costly reductions pay dearly. If an important player does not go along, the others could establish a climate… »

10.12.2019

Inequality Threatening Human Development, New Global UN Report Warns

Inequality Threatening Human Development, New Global UN Report Warns

Despite global progress in tackling poverty, hunger and disease, a “new generation of inequalities” indicates that many societies are not working as they should, the UN Development Programme (UNDP) argues in its latest report released on Monday [9 December 2019].  The 2019 Human Development Report (HDR) states that just… »

08.12.2019

Labour Party spending plans supported by 163 leading economists

Labour Party spending plans supported by 163 leading economists

During the UK election campaign the incumbent Prime Minister Boris Johnson has been criticised for repeatedly telling lies, and Labour leader Jeremy Corbyn for presenting an unrealistic set of economic policies. The latter criticism has now been debunked by a letter written to the Financial Times by 163 prominent economists who… »

01.12.2019

The Tories aren’t the party of business – just the London financial elite

The Tories aren’t the party of business – just the London financial elite

The Conservative Party used to look after big, nationwide businesses. Now it serves a finance industry based in a few small areas of the capital. Frances Coppola for openDemocracy Last Friday, openDemocracy revealed that a secretive group of business leaders was bankrolling the Conservative Party to the… »

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… »

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