Economics

09.05.2020

Why China is better prepared than other economic powers for any global crisis

Why China is better prepared than other economic powers for any global crisis

While the world’s second-largest economy, China, has suffered its first contraction on record due to the Covid-19 pandemic, some experts argue the country has been preparing for a possible crisis for a long time. RT talked to economists to find out if Beijing may have foreseen the economic crash and… »

09.05.2020

Time for the World Bank and IMF to Be the Solution, Not the Problem

Time for the World Bank and IMF to Be the Solution, Not the Problem

By Franciscka Lucien and Joel Curtain The World Bank and the International Monetary Fund (IMF) have a historic opportunity to help stabilize a world reeling from COVID-19. Doing so will require the institutions to change course and aggressively support poor countries’ ability to invest broadly in the government services their… »

08.05.2020

Coronavirus and the Universal Basic Income

Coronavirus and the Universal Basic Income

Molly Scott Cato Capitalism isn’t working. We need a Universal Basic Income as we come out of the coronavirus lockdown into the economic – and the climate – crisis. The furlough scheme was an extraordinary move from a Conservative government and an essential underpinning for the incomes of millions… »

07.05.2020

Money is Only Pieces of Paper

Money is Only Pieces of Paper

Money is only pieces of paper. It tears like paper, burns like paper. You can’t eat it, you can’t wrap things in it, you can’t write on it. It’s less useful. Money is a convention. It’s an agreement that, until recently, was linked to the physical presence of a wealth… »

07.05.2020

Why Trump and Anti-Lockdown Protesters’ Calls to Return to Normal Are Acts of White Supremacy

Why Trump and Anti-Lockdown Protesters’ Calls to Return to Normal Are Acts of White Supremacy

The protests are a form of white privilege in action as the virus disproportionately infects and kills African Americans and people of color. By Sonali Kolhatkar When the coronavirus pandemic was first declared, Americans dutifully stayed at home to prevent outbreaks like the ones playing out in China and Italy. »

07.05.2020

Coronavirus: EU faces ‘recession of historic proportions’

Coronavirus: EU faces ‘recession of historic proportions’

EU officials have forecast “the deepest economic recession” in the bloc’s history as a result of the coronavirus. Failure to agree on common solutions for the post-pandemic recovery could undermine the European project. European Commissioner for the Economy Paolo Gentiloni told reporters on Wednesday that the bloc is headed for… »

07.05.2020

Top UN Official Calls for Universal Basic Income to Tackle Growing Inequality

Top UN Official Calls for Universal Basic Income to Tackle Growing Inequality

The COVID-19 pandemic is not only a health crisis, but it is also proving to be an economic disaster for huge numbers of people worldwide. A senior UN official with the UN Development Programme (UNDP) is calling for countries to provide citizens with a universal basic income, to help the… »

06.05.2020

What’s Driving Trump’s Political Attacks on China

What’s Driving Trump’s Political Attacks on China

By M.K. Bhadrakumar The U.S. President Donald Trump has tied himself and onlookers in knots by his alternating encomiums for and diatribes against China over COVID-19 in the recent weeks. Only he can cut the Gordian knot, and he will be in a position to do so only after November… »

04.05.2020

Working from home, even when the coronavirus crisis has passed

Working from home, even when the coronavirus crisis has passed

The coronavirus crisis has compelled workers around the world to work from home. Global air quality has been transformed as a result. When the crisis has passed, will those who can work from home still be allowed to? Germany is gradually reopening public life after weeks of coronavirus-prompted restrictions. It… »

04.05.2020

Manifesto 2020 Calls for A Trans-National Citizens’ Alliance

Manifesto 2020 Calls for A Trans-National Citizens’ Alliance

Viewpoint by Agora of the Inhabitants of the Earth A new public declaration of policy and aims, Manifesto 2020, has issued a clarion call for declaring poverty Illegal. Poverty Is the product of labour regulation within the context of unequal economic growth. It is the result of global… »

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