Economics
World’s Top 1% Own More Wealth than 95% of Humanity, as “the Shadow of Global Oligarchy Hangs over UN General Assembly – Oxfam
The richest 1 percent have more wealth than the bottom 95 percent of the world’s population put together, new Oxfam analysis of UBS data reveals today ahead of the annual UN High-Level General Debate. Billionaires are exerting new levels of…
Oil energy holding co-piloted by Russia and China?
Since alternative energies still need huge subsidies to be viable in developing countries, the practice of fracking (a kind of panacea that will solve the energy problems of humanity) Environmental concerns, and the inertia of oil assets will not allow…
The massive appropriation of labor from the Global South allows for high consumption in rich countries
Press release from the AUTONOMOUS UNIVERSITY OF BARCELONA. Bellaterra (Cerdanyola del Vallès), July 29, 2024 The high levels of consumption enjoyed by the rich countries of the global North are only possible thanks to the massive appropriation of labor from…
The shadow of Black Thursday hovers over Wall Street?
The real possibility of a new stock market crash would have gone unnoticed for most rating agencies due to the disconnection with reality that would lead them to justify the irrational exuberance of markets, thus fulfilling the famous phrase of…
What Does Arming Israel Cost Us?
To end U.S. support for Israel’s genocide in Gaza, cold, hard calculations about war spending versus domestic programs could have greater resonance in an election year. By Sonali Kolhatkar What will it take to end Israel’s genocide in Gaza? That’s…
When financial values make no sense, expressing nothing, the absurd.
The financialization of the economy in the age of AI Here’s a staggering piece of news that appeared yesterday on the website of Kotaku, a news/com company specialising in the games sector: ” Nvidia has just grown by $329 billion…
Costa Rica: “The banana strike, a sign of class identity”.
90 years after the historic protest against “Mamita Yunai” in Costa Rica On July 16, the National Commission for the Commemoration of the National Day of Banana Workers held a forum as part of the agenda of initiatives for the…
ADB has a chance to get the “do no harm” principle right with stronger safeguards policy
The Board of Directors of the Asian Development Bank (ADB) is currently reviewing the draft of a proposed Environmental and Social Framework (ESF), which outlines new operational policies to better address environmental and social risks in ADB projects. This proposed…
A new industrial reconversion in Europe is coming?
The European economy has been based in the last decade on the so-called ‘alpine-Mediterranean diet’”, whose main ingredients were the urban boom, tourism, export and domestic consumption. Said formula created excellent minimalist dishes, highly suggestive appearance but empty of culinary…
Africa’s deepening debt crisis: How Korea’s latest move would help make a difference
This year in June, South Korea hosted the first-ever Korea-Africa Summit since the Korean government was founded in 1948 by inviting delegations from 48 African countries, about 30 of whom were state leaders. It is believed by many experts in…
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