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Capitalism

’Deglobalisation’ Is the Way to Reduce Inequality

19 June 2014 - by Pablo Solón

The race of globalisation is leaving the majority of the world’s population far behind. According to Unicef, the richest 20% of the population gets 83% of global income, while the poorest quintile has just 1%. This trend is getting worse. A new (...)
Call on U.N. Human Rights Council to start developing a treaty to tackle corporate human rights violations

12 May 2014 - by Treaty Alliance

Today a global alliance of civil society organizations (the Treaty Alliance), made up of a large group of civil society campaigns, networks, social movements and organizations from around the world, call on UN Human Rights Council members to (...)
Venezuela

The Debate Today is How to Stop The Violent Offensive of the Neoliberal Right-Wing

2 April 2014 - by Franck Gaudichaud, Valeria Ianni

Venezuela is torn between the destabilising attempts of the right-wing, the limits of the Bolivarian process and the possibility the working class and the popular movements will advance the [revolutionary] project, [but] not without tensions and (...)
Series: The banks and the “too big to jail” doctrine (part 1)

Banks and the New “Too Big to Jail” Doctrine

13 March 2014 - by Eric Toussaint

We all know the saying, “Too big to fail”. The way governments have managed the crisis caused by the banks has given rise to, “Too big to jail,” [1] which is equally poetic! [2] Although the US government let Lehman Bros. go to the wall in September (...)
Reports from the Economic Front

Capitalism And Inequality

12 March 2014 - by Marty Hart-Landsberg

Thomas Piketty is an expert on income inequality. He and Emmanuel Saez have produced some of the best work measuring its explosive growth. Piketty has just published a massive new book on the subject called “Capital in the Twenty-First (...)
Banks speculate on raw materials and food

7 March 2014 - by Eric Toussaint

Banks, through their trading activities, have become the principal speculators on the Over the Counter (OTC) markets and ultimately on the futures markets for raw materials and agricultural produce, as they dispose of far greater financial (...)
What can we do with what Thomas Piketty teaches us about capital in the twenty-first century?

24 February 2014 - by Eric Toussaint

The recently published Capital in the Twenty-First Century [1] is an indispensable book for anyone interested in learning more about the unequal distribution of wealth in the world today. As I read this major 950-page study, which is (...)
World Trade Organization (WTO)

Tailored for Sharks

31 December 2013 - by TNI, Serikat Petani Indonesia (SPI)

“Tailored for Sharks: How rules are tailored and public interest surrendered to suit corporate interests in the WTO, FTAs and BITs trade and investment regime” Published by Transnational Institute and Serikat Petani Indonesia (SPI) Download the (...)
Demands increase for international mechanisms to punish transnational corporations’ crimes

5 December 2013 - by Stop corporate impunity

Geneva (Switzerland), Bali (Indonesia) – Social movements, networks and organizations from the Global Campaign to Dismantle Corporate Power and Stop Impunity - who protested today in Bali and in Geneva against the corporate capture of the World (...)
BRICS in Africa

12 November 2013 - by Patrick Bond

BRICS in Africa, anti-imperialist, sub-imperialist or in between? a reader for the Durban Summit TABLE OF CONTENTS Introduction to Brics and brics-from-below Patrick Bond The Brics come to Durban Maite Nkoana-Mashabane Recommendations (...)
Series: Banks versus the People: the Underside of a Rigged Game! (9^th part)

Banks: Fudged health report

6 August 2013 - by Eric Toussaint

The Basel II accords were drafted at a time of neoliberal euphoria when capitalist bankers had obtained the cancellation of the few prudential rules that still remained from the 1930 Great (...)
The International Situation and CADTM action between 2009 and 2013

9 May 2013 - by Eric Toussaint

In the preamble to the CADTM International Political Charter adopted in Belém (Brazil) in January 2009, we state: In 1989, the Bastille Appeal was launched in Paris. It invited popular movements throughout the world to unite in demanding the (...)
The truth about extreme global inequality

18 April 2013 - by Jason Hickel

The World Bank and the IMF have the power to impose economic policies on developing countries even when voters and elected politicians in those countries unanimously reject them [AFP] The crisis of capital, the rise of the Occupy movement and (...)
Series: Banks versus the People: The Underside of a Rigged Game! (Part 4)

A journey into the vice-ridden world of banking

2 February 2013 - by Eric Toussaint

“As the Economist put it at year-end 2006, ‘having grown at an annual rate of 3.2% per head since 2000, the world economy is over halfway towards notching up its best decade ever. If it keeps going at this clip, it will beat both the supposedly (...)
Richest 100 ’could end poverty now’

22 January 2013 - by Rory MacKinnon

Oxfam said today that the world’s 100 richest people could easily afford to end the hunger, thirst and basic illness of every person of Earth. The charity demanded an end to “extreme wealth” as David Cameron prepared for next week’s annual (...)
Banks versus the People: The Underside of a Rigged Game!

12 January 2013 - by Eric Toussaint

The first three parts of the series ’Banks versus the People: the Underside of a Rigged Game!’ published in 2012, have been collected together in this one document. This series is to be continued during January 2013. Part 1 : 2007-2012: Six years (...)
Series: Banks versus the People: the Underside of a Rigged Game! (Part 3)

The greatest offensive against European social rights since the Second World War

12 January 2013 - by Eric Toussaint

Part One of this series “” was published on 2 December, 2012.. See 2007-2012: Six years that shook the banking world Part 2 “The ECB and the Fed at the service of the major private banks” was published on 10 December 2012. We should not (...)
Series: Banks versus the People: The Underside of a Rigged Game! (Part 2)

The ECB and the Fed at the service of the major private banks

10 December 2012 - by Eric Toussaint

Part One of this series “2007-2012: Six years that shook the banking world” was published on 2nd December, 2012. The actions of the European Central Bank and the “Fed” Beginning in June 2011, the European banks entered a highly critical phase. (...)
Banks versus the People: The Underside of a Rigged Game! (Part 1)

2007-2012: Six years that shook the banking world

2 December 2012 - by Eric Toussaint

Since 2007-2008, the major central banks (the ECB, Bank of England, the “Fed” in the USA, and the Swiss National Bank) have been making it their absolute priority to attempt to avoid a collapse of the private banking system. Contrary to what has (...)
Éric Toussaint: The capitalist system needs patriarchal domination

29 November 2012 - by Eric Toussaint, Martin Beroš

Interviewed during the 5th Subversive forum 13.-19. May 2012. in Zagreb, Croatia Eric Toussaint answers four questions : Can you talk about political and economic relations between Center and Periphery countries in Europe today ? (...)
The Newest Threat to People and the Planet

The Rise of “Sub-Imperialism”

26 November 2012 - by Patrick Bond

The heads of state of the Brazil-Russia-India-China-South Africa BRICS network are coming to Durban in four months, meeting on 26-27 March at the International Convention Centre (ICC), Africa’s largest venue. Given their recent performance, it is (...)
Capital flight and tax havens

6 November 2012 - by Sally Burch

A study on the offshore economy published in recent weeks by the Tax Justice Network — TJN — reveals the seriousness of capital flight and tax evasion, which reaches much greater dimensions than had previously been estimated. The data confirm, (...)
Egypt’s ’Orderly Transition’? International Aid and the Rush to Structural Adjustement

3 December 2011 - by Adam Hanieh

lthough press coverage of events in Egypt may have dropped off the front pages, discussion of the post-Mubarak period continues to dominate the financial news. Over the past few weeks, the economic direction of the interim Egyptian government (...)
Anti-capitalism and environmentalism as a political alternative

24 September 2011 - by Esther Vivas

We cannot analyse the global ecological crisis separately from the crisis in which we are immersed or the critique of the economic model that has led us into it. The starting point for today’s debate is to note that humanity is in a global (...)
The market : the new faith

10 May 2010 - by Eric Toussaint

Practically all political leaders - whether from the traditional Left or the Right, from the North or the South - have a quasi-religious faith in the market, especially the financial markets. Or rather, they themselves are the high priests of (...)