“He needs to take into greater
impact of technology on both increased exploitation of labour and the dominance
of the finance sector.” Review
of Paul Mason’s ‘PostCapitalism: A Guide to Our Future’ (Allen Lane, 2015)
For more than a decade John Christensen has been at the forefront of the
challenge to offshore finance, tax avoidance and evasion and the criminal
immunity safeguarded by secrecy jurisdictions. Where's it heading?
Proposals for development financing in the post 2015 era highlight a
major role for private finance. The Third International Conference on Financing
for Development in July may run counter to the original vision of the
sustainable development goals.
The debate about the banks' power to create money is becoming much more mainstream. After the recent event, Does Money Grow on Trees?, parliament is scheduled to debate the issue for the first time in 170 years.
Research indicates that when a gender participation "tipping point" has been reached there will be genuine change in policy direction and ultimate impact. If the G20 is serious about tackling corruption it needs more women leaders.
The G20 should listen to Oxfam and assess its agenda and actions based on how they support the fulfilment of
women’s human rights and lead to gender equality. This is not a question of adding yet another issue to the G20 agenda.
Women are more reliant on decent labour law, minimum wages
and conditions, and labour market protections. Yet these minimum protections are
continually under attack, and the reach of these safeguards against exploitation is declining.
Will the G20 adopt
an approach that meets human rights standards for economic growth at the
Brisbane Summit? More representation of women at the governance level is essential. Who is at the table
In parallel to the EU-US
trade deal currently under way, the US is negotiating a similar agreement with
11 countries of the Asia Pacific: the Trans-Pacific Partnership (TPP). Walden
Bello, leading critic of neoliberal and corporate
globalisation, identifies the global strategy underpinning the two agreements.
1970, Africa has lost at least $854 billion through capital flight which is not
only enough to wipe out the continent’s total external debt of $250 billion but
leaving around $600 billion for poverty alleviation
instigators of these anti-social and anti-democratic policies, rules and
treaties defend them as the mechanisms to bring recovery, end fiscal deficits and
reduce public indebtedness. Were they successful, their authoritarian nature
should make them unacceptable.
Gerald Holtham argues for a national community fund to help
pay for Britain’s
prized public services and ease the ‘triple-whammy’ of rising demand, sluggish
productivity gains and highly mobile capital that has eroded the social
are multiplying – especially as evidence mounts that the crisis is continuing,
despite all the official announcements of its end. Why not save Europe today, so that we can
consider, in due course, how best to proceed with deeper, more difficult
measures later on?
A tight overlap between economic
and political elites creates a massive push to shrink
the public sector to accommodate private interests. This amounts to an
abdication of state responsibility and a betrayal of the social contract
between citizens and the state.
A well constituted financial transaction tax (FTT, or Tobin tax) can not only reduce levels of inequality but also curb some of the destructive elements of financial activity and make a positive contribution to economic growth.
The still fresh McCutcheon
v FEC Supreme Court decision, which removed limits to political campaign contributions,
has angered activists and reformers, who call it nothing less than the privatization
of government. But what if neither side is right?
is slow to come from international agreements or business boardrooms, it
could come from interconnected people who measure their success
based on the sustainable impact their money and actions have. Aggregate
environmental and social impact is the key.
Finance has cast a spell on the framework for international
economic co-operation established after the Second World War. The 2007-8 crisis
and its aftermath highlight the need to rouse the IMF and the World Bank from
precariat, a class-in-the-making, is the first mass class in history that has
systematically been losing rights built up for citizens. So, why is it the new
dangerous class and how is it differentiated from other class groups in the evolving
global labour process?
imbalances are threatening to derail the European economy. Luca Fantacci calls
for a European Clearing Union to promote a sustainable pattern of production
and consumption across the Eurozone.