Economics

18.06.2020

‘Unacceptable threat’ and ‘provocation’: European nations fume after US pulls out of talks on global digital tax

‘Unacceptable threat’ and ‘provocation’: European nations fume after US pulls out of talks on global digital tax

European nations have blasted Washington’s decision to pull out of talks on a major overhaul to the taxing of digital giants, which currently move profits into low-tax havens from the places where those profits are actually made. The plan to impose ‘digital taxes’ on companies like Google and Facebook has… »

18.06.2020

Poor People’s Campaign Action: Assembly and Moral March on Washington

Poor People’s Campaign Action:  Assembly and Moral March on Washington

On Saturday, June 20, 2020, The Poor People’s Campaign: A National Call for Moral Revival will demonstrate the power of poor people to be agents of change in not just one election, but at the very heart of this democracy.  In this time of significant danger and real possibility, a… »

16.06.2020

Time to ‘Reinvest in People’ and ‘Cut Weapons of War’: Barbara Lee Unveils Plan to Cut Up to $350 Billion From Pentagon

Time to ‘Reinvest in People’ and ‘Cut Weapons of War’: Barbara Lee Unveils Plan to Cut Up to $350 Billion From Pentagon

“Redundant nuclear weapons, off-books spending accounts, and endless wars in the Middle East don’t keep us safe.” By Jake Johnson, staff writer – Common Dreams Demanding that Congress “prioritize our safety and our future, not more war,” Rep. Barbara Lee on Monday unveiled a resolution proposing up to $350 billion… »

16.06.2020

Angela Davis on Abolition, Calls to Defund Police, Toppled Racist Statues & Voting in 2020 Election

Angela Davis on Abolition, Calls to Defund Police, Toppled Racist Statues & Voting in 2020 Election

Amid a worldwide uprising against police brutality and racism, we discuss the historic moment with legendary scholar and activist Angela Davis. She also responds to the destruction and removal of racist monuments in cities across the United States; President Trump’s upcoming rally on Juneteenth in Tulsa, the site of a… »

15.06.2020

Experts Say $17.5 Billion Writedown by BP Prove Oil Giant Knows ‘Reserves of Oil and Gas Increasingly Worthless’

Experts Say $17.5 Billion Writedown by BP Prove Oil Giant Knows ‘Reserves of Oil and Gas Increasingly Worthless’

Experts Say $17.5 Billion Writedown by BP Prove Oil Giant Knows ‘Reserves of Oil and Gas Increasingly Worthless’ By Eoin Higgins, staff writer – Common Dreams Fossil fuel giant BP announced Monday it will write down nearly $18 billion in existing assets, a move that climate advocates say is more… »

12.06.2020

George Monbiot: From coronavirus to public luxury

George Monbiot: From coronavirus to public luxury

Brendan Montague The environmental campaigner and journalist argues we need to abandon capitalism as we recover from coronavirus and establish a new economy of private sufficiency and public luxury. The environmental journalist and campaigner George Monbiot has called for a complete transformation of the global economy away from capitalism towards… »

12.06.2020

Crisis Means Danger and Opportunity

Crisis Means Danger and Opportunity

Viewpoint by John Scales Avery* In written Chinese, the word “crisis” is represented by two characters. One of these, taken alone, means “danger”. The other, by itself, means “opportunity”. A crisis nearly always leads to great change. There is a danger that this will be a change for the worse. »

11.06.2020

Tear Down the Racist Statues, End Racist Debt and Pay for Equalizing Reparations

Tear Down the Racist Statues, End Racist Debt and Pay for Equalizing Reparations

By Vijay Prashad The statues are coming down. The most recent avalanche began in the United States after the murder of George Floyd at the hands of police and the uprising it occasioned. In Philadelphia, the city removed a statue of former police commissioner Frank Rizzo; the mayor… »

10.06.2020

Note Six: The Just Distribution and Ethical Use of Property

Note Six: The Just Distribution and Ethical Use of Property

By Howard Richards From the New York Times, June 2, 2020: ´The anger is different this time. After years of Americans being killed by the police — more than 1,000 per year, for as long as statistics exist — something has changed over the past week. ´The gruesome video… »

10.06.2020

Neoliberalism is in critical condition

Neoliberalism is in critical condition

Now is the moment to transition away from an economic system that thrives on exploitation. The Covid-19 pandemic is tearing the neoliberal playbook apart as politicians and citizens realise that, in times of pandemic, markets won’t save the day. The privatisation-deregulation-austerity recipe is becoming obsolete, leaving ways for a diversity of interventionist… »

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