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Economics

Pope Francis: To address ‘Grave Environmental Crisis,’ build social justice

‘In effect, there is a clear link between the protection of nature and the building of a just and equitable social order.’ by Andrea Germanos, staff writer for Common Dreams Pope Francis warned on Wednesday that the world is facing…

It’s not ‘glitter for all’ in the diamonds industry

Mention of the word diamond elicits images of wealth, an excess of it, besides the obvious beauty of the item itself thus the diamond trade could be dismissed as out of the normal reach of human rights activists in our…

How to build an international financial crisis

Banks and corporations are being liberated from the rule of law, and are ripping the world apart. What have governments learnt from the financial crisis? I could write a column spelling it out. Or I could do the same job…

Joseph Stiglitz: Under TPP, polluters could sue U.S. for setting carbon emissions limits

Nobel Prize-winning economist and Columbia University professor Joseph Stiglitz warns about the dangers of the TPP, the Trans-Pacific Partnership. “We know we’re going to need regulations to restrict the emissions of carbon,” Stiglitz said. “But under these provisions, corporations can…

TTIP’s ISDS preview via the ICSID (or keeping people in the dark with acronyms)

The TTIP (The Transatlantic Trade and Investment Partnership) aka US-EU Free Trade Agreement together with the TTP (same, for the Pacific Rim) are the biggest threats today to national sovereignty and democracy. If imposed big corporations will be able to…

The gathering financial storm is just one effect of corporate power unbound

By George Monbiot for The Guardian Governments are liberating global corporations from the rule of law and leaving them to rip the world apart What have governments learned from the financial crisis? I could write a column spelling it out.…

UK Lords defeat the Government on onslaught of the poorest in society

In spite of trying to make sure that all the millionaires sitting in the House of Lords were there to ratify the Conservative bill that would have cut the incomes of some of the poorest 3m people by an average…

Bernie Sanders: good old wine in a good old bottle

Post Office banking makes a lot of sense wherever in the world, surely in the US of A where Bernie Sanders has voice and somewhere between 20 to 40 percent of the population has to rely on cheque-cashing or payday-lending…

Iceland jails dozens of corrupt bankers for 74 years

In stark contrast to the record low number of prosecutions of CEO’s and high-level financial executives in the U.S., Iceland has just sentenced 26 bankers to a combined 74 years in prison. The majority of those convicted have been sentenced…

Tip of iceberg? EU rules against sweetheart tax deals for corporations

All companies, big or small, multinational or not, should pay their fair share of tax,’ says European Commission by Deirdre Fulton, staff writer for Common Dreams Striking a blow against sweetheart tax deals that unfairly benefit large multinational corporations, the…

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