Poverty

Financial globalization, N-S wealth distribution, resource transfers

18 February 2019 - by Yilmaz Akyüz

Geneva, 6 Feb (IPS/Yilmaz Akyuz*) — At a time when the world economy is seen poised for yet another financial turmoil, there is a widespread recognition that emerging economies (EMEs) are particularly vulnerable because of their deepened integration into the global financial system. What is (...)
Gilets jaunes (yellow vests): learning from history and acting now

11 December 2018 - by Eric Toussaint

Some consider that if you are involved in a movement against a tax (supposed, in theory at least, to redistribute wealth) rather than for higher wages, say (in the broad sense, including social security), you are part of a right-wing movement. This is not so: many revolutionary movements (...)
Liberia: The “dictatorship of the multinational corporations”

4 October 2018 - by Moses Uneh Yahmia

Liberia has been taken over by multinational corporations that are exploiting its resources at the expense of Liberians, especially the country’s working class that serves as cheap labour to these foreign companies. Unlike other countries in the sub-Saharan region, Liberia was never formally (...)
UN Human Rights Council passes a resolution adopting the peasant rights declaration in Geneva

1 October 2018 - by La Via Campesina

(Geneva, September 28, 2018) Seventeen years of long and arduous negotiations later, peasants and other people working in rural areas are only a step away from having a UN Declaration that could defend and protect their rights to land, seeds, biodiversity, local markets and a lot more. On (...)
Pro-poor or anti-poor? The World Bank and IMF’s approach to social protection

13 April 2018 - by Stephen Kidd

In recent years, the World Bank and IMF have played an influential role in shaping national social protection policies. Social protection comprises a significant share of World Bank loans, reaching almost 10 per cent of lending to low-income countries in 2017, while around 10 per cent of IMF (...)
The Power of a Dollar

11 April 2018 - by Milford Bateman

Microcredit is nothing more than a socially validated way for financial elites to exploit the poor. hirty years ago the international development community was ecstatic. It had found the perfect market-affirming solution to poverty in developing countries: microcredit. The popularizer of (...)
Whether in the South or in the North, women bear the burdens of the debt crisis and structural adjustment policies

23 March 2018 - by Chiara Filoni

The CADTM (Committee for the abolition of illegitimate debt) is an International network that has, over the past thirty years, warned of the effects of illegitimate debt and structural adjustment policies. Public debt and the austerity measures taken to reduce it have social and economic (...)
Shocking report: Macroeconomic indicators improve but Greece’s society is suffering

9 February 2018 - by Confédération hellénique des cadres, artisans et marchands

Greek society in economic decline: Three out of four are long-time unemployed. 51% of the households depends on pensions. One in five households is afraid to lose its home. 70% of the young Greeks want to look for a work abroad. 16.3% say they cannot afford to cover an extraordinary expense of (...)
The Rage of the Poor in Iran

10 January 2018 - by Araz Bağban

The protests against the high cost of living in the cities of Khorasan province on December 28th soon spread to many cities of Iran incredibly quick and almost turned into a revolt within a week. The protests primarily targeted the high cost of living, financial difficulties and corruption. (...)
2018 Report on world inequality: an undisputable diagnosis

28 December 2017 - by World Inequality Lab

This is a synthesis of the 2018 report on world inequality, coordinated by Facundo Alvaredo, Lucas Chancel, Thomas Piketty, Emmanuel Saez and Gabriel Zucman in WID – World Inequality Lab. At a time when many social conquests are under threat, reading this report is essential. The unequivocal (...)
How microfinance and financial inclusion impinge on human rights

13 November 2017 - by Philip Mader

This blog post is based on a talk given at the ETOC Conference on “Financialisation, Eco-Destruction, and Human Rights beyond Borders” in Brussels, September 28-29, 2017, and should not be regarded as an exhaustive academic paper but as food for thought. Microfinance and financial inclusion are (...)
Puerto Rico is our Future

1 October 2017 - by Richard Heinberg

News reports tell of the devastation left by a direct hit from Category 4 Hurricane Maria. Puerto Ricans already coping with damage from Hurricane Irma, which grazed the island just days before, were slammed with an even stronger storm on September 20, bringing more than a foot of rain and (...)
Puerto Rico: Belonging to, But Not Part of

1 October 2017 - by Ed Morales

The Trump administration’s delay in sending real aid to Puerto Rico after Hurricane Maria is a distasteful display of colonialist racism. But it’s par for the course: our citizenship has always been second-class. “We’re American citizens. How can Trump turn his back on us?” This is one of the (...)
50 years of ADB : Debt, Destitution, Destruction, Disparity, & Displacement

30 May 2017 - by Sushovan Dhar, Ratan Bhandari, Hasan Mehdi

The Manila based Asian Development Bank (ADB) celebrated its 50th year at Yokohama from May 3-7, 2017 with a great display of extravagance and grandeur. Japan’s Crown Prince, Naruhito while inaugurating the 50th annual meeting emphasised on ADB’s remarkable ‘achievements’ in the last half a century (...)
5,000 sacked for demanding higher wages: The human cost of Bangladesh’s $27-billion garment industry

31 January 2017 - by Ikhtisad Ahmed

In December, the government responded to a peaceful strike by workers with use of force, legal action and arrests. Supplanting India, Bangladesh is currently the second largest exporter of readymade garments in the world. This principal source of foreign earning brought in $27 billion in (...)
Brick kiln workers and the debt trap in Pakistani Punjab

3 August 2016 - by Antonio De Lauri

Debt is everywhere a tool of social control, and no more so than in the brick kilns of Pakistani Punjab, where it travels across generations. Central and south Asian brick kilns have long attracted the attention of humanitarian agencies, activists and scholars as sites of severe labour (...)
UN independent expert: “IMF programmes worsen income distribution”

26 April 2016 - by Bretton Woods Project

UN expert report links inequality, financial crises and human rights - Report claims IMF programmes are associated with worsening income distribution and reduction of income of the poor - UN expert calls for human rights-based responses to financial crises In early March the UN (...)
How much is inequality increased by regressive taxation and government spending? (We don’t know, but let’s please ask.)

19 April 2016 - by Patrick Bond

‘You have to look at both the taxing and the spending sides of government policy – and, on that basis, South Africa can claim to have one of the world’s most redistributive public purses.’ This argument, made by Business Day associate editor Hilary Joffe (2015), draws on three 2014-15 World Bank (...)
Poverty in Africa, the unvoiced failures of the World Bank

15 April 2016 - by Salaheddine Lemaizi

A recent report from the World Bank tells us that the number of Africans living in extreme poverty has considerably increased since 1990, rising from 280 million people living on less than $1.25 per day in 1990, to 330 million in 2012. For the standard-bearer of neoliberal ideology in the (...)
Global Wealth Inequality

If “TheRules.org” does not call to finish with capitalism, we wished to share this video on global inequalities.
World Bank safeguards review: “human rights-free zone”

16 February 2016 - by Bretton Woods Project

As the third and final consultation phase on the second draft of the World Bank’s proposed new environmental and social framework (ESF), replacing the current safeguards, progresses, civil society organisations (CSOs), the UN and certain member states continue to demand that the Bank (...)
62 people own the same as half the world, reveals Oxfam Davos report

26 January 2016 - by Oxfam

The Oxfam report An Economy for the 1%, shows that the wealth of the poorest half of the world’s population has fallen by a trillion dollars since 2010, a drop of 41 percent. This has occurred despite the global population increasing by around 400 million people during that period. Meanwhile, (...)
SDG Indicators and Data: Who collects? Who reports? Who benefits?

3 December 2015 - by Barbara Adams

As part of its mandate to develop an indicator framework by which to monitor the goals and targets of the post-2015 development agenda, the Inter-agency and Expert Group on SDGs (IAEG-SDGs) held its second meeting in Bangkok, 26-28 October 2015. The objective was to seek agreement on the (...)
It is our responsibility as world citizens to relieve the FAO’s dreadful conflict

2 June 2015 - by Thomas Pogge

Each year, the UN Food and Agriculture Organization (FAO) published a State of Food Insecurity (SOFI) report. The 2015 report has just come out. In an accompanying letter, the FAO’s Coordinator for Economic and Social Development, Jomo Kwame Sundaram, summarizes its message as follows: “With the (...)
Universal Social Security – A commitment or a trickery?

9 March 2015 - by Sushovan Dhar

The ‘World Social Security Report’, released in 2010, by ILO reported India’s dismal track-record of social security protection for its citizens. It further stated that Indians, especially the poor and the marginalized, suffers from “very high vulnerability” to poverty and informal labor practices. (...)