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PAUL STREET – The Empire Has No Clothes

Harsh realities have long mocked United States “elites’” ritual description of their nation state as a benevolent beacon and agent of freedom, democracy, and justice at home and abroad.  The mythology doesn’t square with stark disparities and oppressions inflicted by the nation’s unelected and interrelated dictatorships of money, class, race, and empire. The many dark truths about America behind the …

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Jason Hickel – Aid in reverse: how poor countries develop rich countries

We have long been told a compelling story about the relationship between rich countries and poor countries. The story holds that the rich nations of the OECD give generously of their wealth to the poorer nations of the global south, to help them eradicate poverty and push them up the development ladder. Yes, during colonialism western powers may have enriched …

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Africa’s crackdown on tax avoidance nets £204m to boost development

A team of tax experts from Kenya will be deployed to Botswana early next year in the latest round of an initiative that seeks to boost domestic revenue collection to fund national development plans. The move was announced last week at the second global partnership for effective development cooperation meeting in Nairobi, which brought together representatives of governments, civil society, …

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300 million children breathe extremely toxic air, 600k die annually – UNICEF

One in seven of the world’s children breathe extremely polluted air, which is six and more times above the levels allowed by international guidelines, according to a new UN Children’s Fund report. UNICEF has released a new report, indicating that air pollution is one of the major factors in infant deaths worldwide. According to the fund, of every seven children …

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Gerald Friedmand – Why Liberal Economists Dish Out Dispair

The ferocious reaction to my assessment that Senator Bernie Sanders’ economic and health care proposals could create long-term economic growth shows how mainstream economists who view themselves as politically liberal in America have abandoned progressive politics to embrace a political economy of despair.  Rationalizing personal disappointment and embracing market-centric economic theories according to which government can do little more than fuss around the edges, …

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Joe Weisenthal – Davos Boss Warns Refugee Crisis Could Be Precursor to Something Much Bigger

As the crash in commodities prices spreads economic woe across the developing world, Europe could face a wave of migration that will eclipse today’s refugee crisis, says Klaus Schwab, executive chairman of the World Economic Forum. “Look how many countries in Africa, for example, depend on the income from oil exports,” Schwab said in an interview ahead of the WEF’s 46th annual meeting, …

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Cillian Doyle – Ireland: the Tax Haven that Dare Not Speak Its Name

If your top political figures need to constantly state that your country is not a tax haven, then the chances are it probably is a tax haven. And as the UN’s Philip Aston says, ‘When lists of tax havens are drawn up, Ireland is always prominently among them’. Following their investigation into the tax affairs of Apple, Senators Carl Levin …

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Yves Smith – “Stunning” Rise in Death Rate, Pain Levels for White Middle-Aged, Less Educated Whites

One of the long standing patterns in economies showing economic growth is longer life spans, and falls are see the result of severe distress and dislocation, as took place in the period right after the fall of the Soviet Union, when the expectancies of adult men fell by over seven years. The US has just become the first country to …

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Prof. James Petras – Pillage and Class Polarization: The Rise of “Criminal Capitalism”

About 75% of US employees work 40 hours or longer, the second longest among all OECD countries, exceeded only by Poland and tied with South Korea.  In contrast, only 10% of Danish workers, 15% of Norwegian, 30% of French, 43% of UK and 50% of German workers work 40 or more hours.  With the longest work day, US workers score …

IMF Greece Financial Crisis

IMF Report Admits IMF’s Obsession with Capitalism Is Killing Prosperity – Jon Queally

In light of how the International Monetary Fund has spent most of its existence parading around the world telling governments to make their economies more friendly for multinational corporations by suppressing wages, restricting pensions, liberalizing industries, and more or less advocating they ignore the popular will of workers and the less fortunate—all in the name of market capitalism and endless …