Monthly Archives: October 2011

A modest proposal: Let the rich pay the world’s debts

October 30, 2011 The world’s 103,000 ultra-rich could totally pay off the Greek and U.S. debts, and still have almost $50 million each, on average, left to invest, on top of their mansions, luxury motor cars, and jewels. Read more … Continue reading

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A degree by degree explanation of what will happen when the earth warms

Even if greenhouse emissions stopped overnight the concentrations already in the atmosphere would still mean a global rise of between 0.5 and 1C. A shift of a single degree is barely perceptible to human skin, but it’s not human skin … Continue reading

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Vandana Shiva on Jeffrey Sachs false history of poverty

“A few generations ago, almost everybody was poor,”writes Jeffrey Sachs, adding: “The Industrial Revolution led to new riches, but much of the world was left far behind.” This is a totally false history of poverty. The poor are not those … Continue reading

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We are the 99.9998%! Shocking personal wealth inequality in Canada

Canadian Business magazine has published its annual list of the 100 richest people in Canada. Jim Stanford describes the 0.0002% of Canadians who hold personal wealth over one billion dollars It would take 8.7 million person-years of employment, working at … Continue reading

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The global economy is broken. Here’s how to fix it

Tony Greenham, New Economics Foundation Comment is free, The Guardian, 16 October 2011 Those underlying issues that led banks to the brink of disaster in 2008 remain unaddressed. Mass bailouts then have led to a crisis of sovereign debt now, … Continue reading

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Private sector in development – the growth mantra strikes back

Thirty development finance institutions (DFIs) and multilateral development banks (MDBs) recently launched a report entitled “International Financial Institutions and development through the private sector.” The purpose of this report is to get the word out that the private sector is … Continue reading

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Anti-capitalism and environmentalism as a political alternative

by Esther Vivas | Alainet.org 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. Read more

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