Austerity Has Failed: An Open Letter From Thomas Piketty to Angela Merkel By Thomas Piketty, Jeffrey Sachs, Heiner Flassbeck, Dani Rodrik and Simon Wren-Lewis

The never-ending austerity that Europe is force-feeding the Greek people is simply not working. Now Greece has loudly said no more. As most of the world knew it would, the financial demands made by Europe have crushed the Greek economy, led to mass unemployment, a collapse of the banking system, made the external debt crisis far worse, with the debt …

Pope Francis vs. vampire capitalism: The real reason why his climate-change encyclical is revolutionary – ROBERT HENNELLY

Leave it to  Pope Francis, a  Jesuit trained as a chemist, who has only one lung, to breath new life into a tired global environmental debate. It has been droning on for so long now that it has become background noise, easily drowned out in the din of the 24-hour news cycle. While the glaciers melt, and close to 2,500 …

happy canada

World Happiness Report ranks Canada fifth happiest country in the world

The 2015 World Happiness Report, published today, ranks Canada fifth for subjective well-being among 158 countries worldwide. Canada has moved up one place in the rankings since the last report in 2013. The report, produced by the Sustainable Development Solutions Network (SDSN), contains analysis from leading experts in the fields of economics, neuroscience, national statistics, and describes how measurements of subjective …

1percentdec17

Another world is possible, without the 1%

Activists from around the world will defy the terrorists to attend the World Social Forum in Tunis on March 25, determined to make the occasion a beacon for free speech, justice and equality. I am proud to join the leaders of Greenpeace, ActionAid, Civicus and the Association for Women’s Rights in Development (AWID) in highlighting the urgent need to tackle the vested interests of the 1 percent, in …

wealth gap

World’s Richest One Percent Undermine Fight Against Economic Inequalities

UNITED NATIONS, Mar 19 2015 (IPS) – The growing economic inequalities between rich and poor – and the lopsided concentration of wealth and power in the hands of the world’s one percent – are undermining international efforts to fight global poverty, environmental degradation and social injustice, according to a civil society alliance. Comprising ActionAid, Greenpeace, Oxfam and Civicus, the group of …