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Economics

China’s Myanmar bonanza without responsibility

As the world’s media continues focusing on the Rohingya crisis in Myanmar, its giant neighbour China maintains its aloofness while still fully using the fuel pipelines passing through the trouble-torn Arakan (also known as Rakhine) province of western Burma (former…

European Central Bank made almost €8bn from Greece’s financial crisis

The European Central Bank (ECB) has profited handsomely from its holdings of Greek government debt, according to a document seen by the Financial Times. A written response to a request from a Greek MEP showed the bank collected €7.8 billion…

How Labour could lead the global economy out of the 20th century

By George Monbiot for The Guardian The rupture of 2008 presents a chance to throw out our iniquitous system that busts the planet – here are some ideas We are still living in the long 20th century. We are stuck with…

Exposed: The role of Big Finance in ECB decisions

By Jane Chelliah for DiEM25. A new report by the European Corporate Observatory shows how international financial corporations hold 98% of the seats in the expert groups that advise the European Central Bank (ECB). In other words: a ton of…

Before Maria, Forcing Puerto Rico To Pay Its Debt Was Odious. Now It’s Pure Cruelty

Co-Written by Stan Cox and Paul Cox Donald Trump’s sadistic attacks on the people of Puerto Rico got most of the headlines, but it is colonial exploitation that created the unnatural disaster that continues to play out in America’s Caribbean…

Basic Income Congress brings together the actors necessary to implement it

By Álvaro Orus and Mayte Quintanilla. One of the greatest achievements – compared to previous editions – of the 17th Basic Income Earth Network world congress that took place in Lisbon has been the way that basic income has been…

Schäuble leaves but Schäuble-ism lives on

By Yanis Varoufakis for DiEM25. Wolfgang Schäuble may have left the finance ministry but his policy for turning the eurozone into an iron cage of austerity that is the very antithesis of a democratic federation, lives on. What is remarkable…

DiEM’s ‘Greek New Deal’ presented in Patra – Greece’s third-largest city

DiEM25 and its co-founder Yanis Varoufakis were well received in the city of Patra in Western Greece. The “Royal” theatre was packed with people who were keen to hear about DiEM25’s “New Deal for Greece”. In his speech, Yanis noted…

Great mobilisation for the 17th world congress on Universal Basic Income

The international BIEN congress (Basic Income Earth Network) dealing with universal and unconditional basic income took place from the 25th to the 27th of September.  The number of participants, level of exchange and harmony of opinions has surpassed the organisers’…

Don’t let the rich get even richer on the assets we all share

By George Monbiot for The Guardian It’s time for communities to seize back control of resources upon which their prosperity depends Are you a statist or a free marketeer? Do you believe that intervention should be minimised or that state…

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