Economics

Viewpoint by Jonathan Power LUND, Sweden (IDN-INPS) – The announcement was made on August 15 by Japan’s Finance Ministry: In the last quarter of the year the Japanese economy grew at an annualised rate of 0.2%. “One wonders if the…

By Johan Galtung* Money is the key: that genius innovation for storing general value and exchanging specific values according to price.  Not strange, that heads of state had their faces imprinted on coins and bills. But not on cents and…

The Duke of Westminster has died at the age of 64 a few days ago. It was widely reported in the Media, obviously, one of the richest men in the UK, a member of the aristocracy, as close to the…

Leftist leader says growth “that favors the poor, growth with social justice, growth with equity,” worthy of pursuit byAndrea Germanos, staff writer for Common Dreams Ecuadoran president Rafael Correa on Sunday denounced “fantasies of trickle-down theories” and said that it’s neoliberalism,…

Britons across different industries are already feeling the effects of the Brexit vote. The construction sector has been hit particularly hard. Workers have been laid off. Samira Shackle reports from London. In the run up to Britain’s referendum on membership…

by Joseph Stiglitz* In this extract from his new book, the Nobel prize-winning economist argues that if the euro is not radically rethought, Europe could be condemned to decades of broken dreams Europe, the source of the Enlightenment, the birthplace…

According to various reports, the Russian government is reconsidering the neoliberal policy that has served Russia so badly since the collapse of the Soviet Union.  If Russia had adopted an intelligent economic policy, Russia’s economy would be far ahead of…

Human Wrongs Watch By Baher Kamal* ROME, 8 August 2016 (IPS) – Can African farmers feed the world?. Apparently the answer is “yes.” Bold as it may sound, this statement is based on specific facts: Africa is home to 60-65…

The latest wave of automation heralds new transformations for society, but how can we ensure that nobody is left stranded? Miklos Kis 3 August 2016 for openDemocracy “The so-called sharing economy and the new wave of automation are appearing to…

“Really? Thanks for letting us know but we can’t forgive you,” says one Greek by Andrea Germanos, staff writer for Common Dreams In a vindication of those who challenged the harsh austerity conditions, the International Monetary Fund (IMF) issued a…