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Finance and debt

On 15 September, it will be ten years since the collapse of Lehman Brothers opened a Pandora’s Box. Movements across Europe are commemorating the date with acts of disobedience to relaunch our struggle to rebuild democracy, which can only be done by controlling finance, writes Susan George. It is ten years since the...
We are experiencing a systemic crisis. The environmental, economic, social and political crises are part of an interrelated and interdependent whole. It is impossible to solve one of these crises without addressing the others. Complementarities between Vivir Bien, degrowth, the commons, deglobalisation and other...
There are increasing warnings of an imminent new financial crisis, not only from the billionaire investor George Soros, but also from eminent economists associated with the Bank of International Settlements, the bank of central banks.    The warnings come at a moment when there are signs of international capital...
According to the latest report by the Stockholm International Peace Research Institute (SIPRI), in total, countries around the world spent $ 1.739 billion on arms in 2017. Although there was a marginal increase of 1.1 percent rise in real terms on 2016, the total global spending in 2017 is the highest since the end of...
A new report reveals how western banks and governments turn a blind eye to billions of pounds’ worth of wealth, generated across west Africa, that is squirrelled away offshore, often out of sight of the tax authorities. By Phillip Inman. There is a comforting mainstream narrative which tells us that African nations,...
Thirty-one countries across the world are now in debt crisis, with a further 82 at risk, according to new figures released by the Jubilee Debt Campaign on 16 May. The figures are being released on the 20th anniversary of the G8 meeting in Birmingham (UK) 1998, when 70,000 people formed a human chain around the summit...
Contents Summary Research, publications and website content Campaigning and outreach work Plans and projects for 2018 Summary Throughout 2017 STWR continued to strengthen and promote our case for global economic sharing, particularly in relation to our core advocacy position as an organisation. All of our work...
Finance for poor countries to help them reduce their greenhouse gas emissions and deal with climate change is lagging behind the promises of rich countries, an Oxfam report finds. While taxpayer-funded finance has increased, and the private sector has stepped up with some initiatives, the amount raised could still...
Come possiamo creare la consapevolezza che la condivisione è la soluzione alla crisi planetaria, e la nostra speranza per recuperare un mondo diviso? Il nocciolo di questa domanda è il problema degli “ismi”, che sono l’intellettualizzazione del nostro auto-compiacimento che così giustifica e normalizza la sua...
This week, executive directors of the World Bank were handed a letter signed by more than 80 civil society organizations and trade unions from around the world, urging a change in the bank’s approach to public-private partnerships.  This action, during the IMF and World Bank Group Spring Meetings, should not have...
“Even the most generous of predictions suggest we need to reach zero emissions in the next 40 years—that is, if we want to be around to celebrate Earth Day’s 100th anniversary in 2070.” The history of Earth Day began in Santa Barbara in early 1969, when an oil platform six miles offshore of the idyllic beach town on...
While the USA and China are stepping into one the potential biggest fights on trade measures in decades, Friends of the Earth Europe is presenting concrete proposals for an innovative trade agenda that serves citizens and the environment. The paper Setting course for sustainable trade – a new trade agenda that serves...
To curb rising inequality, global leaders must work together to stop the flow of illicit wealth and mitigate tax avoidance, write John Irons & Xavier de Souza Briggs in the Stanford Social Innovation Review. In many corners of the world, there is a growing belief that leaders, companies, and institutions are not...
More than two-thirds of the world's entire wealth will be owned by the richest 1% of people by 2030, new research warns. The shocking findings of the new report produced by the UK's House of Commons Library claims that if trends which began after the 2008 financial crisis continue, the 1% will control 64% of world's...
There’s enough stuff to go around, enough for everyone to share in a decent life, so long as we all agree not to want too much. But that implies a process of social maturation on a scale never before seen. Because in order to retain our humanity in the face of limits, we have to confront inequality head on, writes...