Economics

By JAMES GALBRAITH 27 April 2018 for openDemocracy European austerity is a politics of power. It’s a banker protection racket. And the fact is, the strategy has now failed. Protestors outside trade negotiators meeting between 11 of the original 12 TPP…

The Federal Reserve calls itself independent, but it is independent only of government. It marches to the drums of the banks that are its private owners. To prevent another Great Recession or Great Depression, Congress needs to amend the Federal…

The world premiere of the documentary on Universal and Unconditional Basic Income “UBI, our right to live” will be on 12 May, at 12 noon. Director Álvaro Orús and some of the Spanish “protagonists”, such as Julen Bollain and Mayte…

Qing Shan Ding, University of Huddersfield for The Conversation Tensions are escalating between China and the US over trade. The Chinese government has announced retaliatory measures on a range of American products including cars and some American agriculture products after…

A campaign by flight attendants and baggage handlers at Delta Air Lines to form a union with the International Association of Machinists and Aerospace Workers (IAM) is gaining ground, with a rally planned for this Wednesday, April 4, in St.…

The resignation of the now ex-president of Peru Pedro Kuczynski, has been one more chapter in the complex network of corruption built between the Brazilian company Odebrecht and his companions of misdeeds of the public and private sector in Latin…

The once powerful center-left went down to defeat. As it accommodated to capital, it eroded its trade union base. It bailed out banks and financial speculators, while inflicting ruinous austerity measures on their own populations to pay for it. When center-left…

Berne – The referendum campaign for the Sovereign Money Initiative is being presented in Berne today. The people bringing the initiative put a question to the Swiss voters: Who should be allowed to create our Swiss francs? Private commercial banks…

In 2014 I wrote an article titled ‘The Global Elite is Insane’. I want to elaborate what I explained in the earlier article so that people have a clearer sense of what we are up against in our struggle to…

By Abdus Sattar Ghazali Chinese military releases video of aircraft on smooth runs in country’s mountainous southwest, suggesting advances to problem-plagued AL-31F engines, South China Morning Post has reported. Footage of Chinese warplanes on drills in the country’s mountainous southwest…