Economics

This is not a moment for rose-tinted glasses. By Richard D. Wolff The economy of the People’s Republic of China has been growing much faster than that of the United States for decades. So too has China’s average real wage.…

Guwahati: The lone Nobel laureate of Bangladesh, Professor Muhammad Yunus is going to receive a rare Olympic honour in Japan on the 23rd of July The economist turned revolutionary banker turned social entrepreneur, Dr Yunus will be honoured during the…

Several governments across Europe promised, or even gave, ‘danger money’ bonuses for frontline workers in health and social care as the pandemic gathered strength. Such bonuses can only treat the symptom not the cause, however. Bonuses and even higher wages…

Protests erupted in various Cuban cities the weekend of July 11 over dire economic conditions and a surge in Covid-19 cases. They are the biggest protests to hit Cuba in three decades, and they may well continue in the coming…

Cuba, like every other country on the planet, is struggling with the impact of COVID-19. This small island of 11 million people has created five vaccine candidates and sent its medical workers through the Henry Reeve International Medical Brigade to…

Iceland has undertaken the largest trial of a 4-day-week, globally. It has been such an outstanding success that 86 percent of Iceland’s employees have either already adopted it, or at least have the possibility of working shorter hours. This experiment…

When he was president, Donald Trump ensured the rich got richer. That was a far bigger betrayal of the American people than the tax fraud charges his business is facing. By Sonali Kolhatkar After many months of anticipation and nearly…

“Don’t leave the economy to the“ experts ”! By Fiorella Carollo In the year 1991 Helena N. Hodge published a book that has been read all around the world. With the significant title “Ancient Futures” it recounted her experience and…

Regional integration, security, macroeconomic stability and others formed the major issues discussed when Southern African leaders gathered late June in Maputo, Mozambique. By Kester Kenn Klomegah They were in the country for the extraordinary summit of Heads of State and…

Most Chileans recently voted out the remnants of military dictator Augusto Pinochet, along with Milton Friedman’s policies and many U.S. interventions. They are at work on a radically new Constitution. In the United States, former President Donald Trump and President…