There is still hope of restoring finance to the role of servant to, and not master of, economies and regions. But for that to happen the public must realise that citizens can exercise economic power over global financial markets. The people must lead, so that leaders can follow, writes Ann Pettifor for Red Pepper magazine.
'Non possiamo parlare dell’importanza della condivisione senza percepire gli effetti distruttivi per l’umanità della commercializzazione dilagante. Fintanto che viviamo in una società che é ciecamente guidata dalle forze della commercializzazione, il principio della condivisione sarà sempre periferico.’ (Mohammed Mesbahi. )
The Asian financial crisis started 20 years ago and the global financial crisis and recession 9 years back. When a new global financial crisis strikes, the developing countries will be more damaged than in the last crisis as they have become less resilient and more vulnerable. They thus need to prepare from being overwhelmed.
Don’t despair that the huge gaps between rich and poor cannot ever be bridged. As Oxfam's new 'Commitment to Reducing Inequality' index shows, government policies really can help to shape more – or less – equal societies and economies. By Max Lawson.