Economics

By Binu Mathew The morning papers bring me the news that Amazon founder and CEO Jeff Bezos is the richest person in the world. Actually he overtook Bill Gates for a few hours on Thursday as the richest person on…

By Martin Khor* The Asian financial crisis started 20 years ago and the global financial crisis and recession 9 years back. When a new global financial crisis strikes, the developing countries will be more damaged than in the last crisis as…

When Team Corbyn dared introduce in the UK Labour Party Manifesto a “Tax the Rich” proposal many held their breath, and were more than a little surprised that not only it did not send people into an anti-pinko frenzy but…

By George Monbiot for The Guardian James McGill Buchanan’s vision of totalitarian capitalism has infected public policy in the US. Now it’s being exported. It’s the missing chapter: a key to understanding the politics of the past half century. To…

With a very colourful and peaceful protest march of several tens of thousands, the protest days against the G20 summit in Hamburg ended. They were filled with numerous workshops, discussion rounds, art activities and an alternative summit with thousands of…

PRESS RELEASE: Tax Justice Network EU letter ahead of Hamburg summit sets out clear demands on tax avoidance. The European Union has published a letter to EU Heads of State setting out their common position ahead of the G20 summit…

The top 300 cooperatives alone generate 2.5 trillion dollars in annual turnover, more than the Gross Domestic Product (GDP) of France, according to the UN Department of Economic and Social Affairs (UNDESA). Cooperatives help to build inclusive economies and societies,…

Thousands marched yesterday in London to oppose the ongoing austerity in the UK which has left health services, education, police, fire services, welfare and housing in a state of crisis. Addressing the crowd Jeremy Corbyn said: “I say to any…

British media have said that cheap materials were used for the refurbishment of London’s Grenfell Tower which was engulfed by flames two weeks ago. According to a published report in The Times on Friday, fire-resistant zinc cladding was replaced with…

In this video interview, Yanis Varoufakis and Noam Chomsky talk about the concept of a basic income guarantee also knowns as a universal income. – Is a basic income neccessary in today’s day and age? – How will it impact…