Economic system

Tiktoker receiving $750,000 per post explains why our economic system is doomed.

If we don’t pay people who do things that are necessary for society and continue to flush out posers in cash, the system cannot hold up. $750,000 per post for a Tiktoker? Watch Politics Done Right TV here. Recently, one of our Politics Done Right viewers thought he would mislead me. Unfortunately for him, he […]

Economic system

US Dollar Index, the political and economic system and exports

The current historical story of the market for generations is the political battle of Western governments to continue capitalism or move to an authoritarian system. The US is leading the way with Democrats, Black Rock, Vanguard and State Street and controlling $20 trillion against Republicans and Trump to revert the system back to its capitalist […]

Economic system

The transition to the alternative to the USD will destroy the American economic system

A stock photo MINSK, Aug. 5 (BelTA) — The transition to an alternative to the dollar will mean the collapse of the economic system of the United States of America, Aleksei Avdonin, an analyst at the Belarusian Institute for Strategic Research (BISR), told V Time [On Point] online project on the BelTA YouTube channel. “We […]

Economic system

Yellen says economic system not in recession despite falling GDP

Treasury Secretary Janet Yellen said on Thursday the US economy was in a state of transition, not recession, despite two straight quarters of unfavorable expansion. The recession, Yellen insisted, is a “widespread weakening of our economy” that includes massive layoffs, business closures, family price lines and a slowdown in private sector employment. “That’s not what […]

Economic system

The economic system would seem to like it in a recession, but we still have no idea what to say

In an aerial view, transport boxes slow down on the Port of Oakland on July 21, 2022 in Oakland, California. Truckers protesting California Assembly Bill 5 (AB5) effort legislation shut down operations at the Port of Oakland after blocking entrances to the port’s container terminals for the previous 4 days. An estimated 70,000 independent truckers […]

Economic system

U.S. economy shrinks for snap second quarter, raising fears of a recession

The U.S. economy contracted from April to June for a snap second quarter, contracting at an annual rate of 0.9% and raising fears that the country is also on the verge of a recession. The Commerce Department’s Thursday decline in gross domestic product — the broadest measure of the economy — followed a 1.6% annual […]

Economic system

Fed: US economy shrank 0.9% last quarter, its second instant fall

The U.S. economy contracted from April to June for a snap second quarter, contracting at an annual rate of 0.9% and raising fears that the country could also be on the verge of a recession. The Commerce Department’s Thursday decline in gross domestic product — the broadest measure of the economy — followedan annual decline […]

Economic system

The US economy almost certainly grew slightly in the last quarter and will have shrunk

Economists expect the economic system to have grown slightly in the second quarter, and some expect it to shrivel up. Estimates show that the economic system will have grown by several tenths of a percent. Goldman Sachs expects a 1% rise, while Moody’s Economics forecasts a 1% decline. The gradual expansion forecast sees the 1.6% […]

Economic system

Definition of mixed economic system | Global Currency Online

What is a mixed financial system? A mixed financial system is a system that mixes facets of capitalism and socialism. A mixed financial system protects personal assets and allows some financial freedom in the use of capital, but additionally allows governments to interfere in financial actions in order to achieve social goals. In accordance with […]

Economic system

Gallagher and Kozul-Wright call for reform of the global economic system

in a new openDemocracy rostrum, Kevin Gallagher – acting dean of the Frederick S. Pardee School of Global Studies, Pprofessor of Global Development Policy at the Pardee School and Director of BU’s Global Center for Development Policy (GDP Center) – and Richard Kozul-Wright, director of the Division of Globalization and Development Strategies at the United […]

Economic system

Our global economic system is in crisis – we need a new Bretton Woods

In 1944, with World War II still raging, US President Franklin D Roosevelt called for a new future for the global economy and the way it was governed. This new global economic system – which included the International Monetary Fund (IMF) and the World Bank – was endorsed by representatives of the Allied Powers in […]

Economic system

Reviews | Why do tens of millions of people in the United States support an economic system that does not benefit them?

For nearly two centuries, literature, from Marx and Dickens to Thomas Picketty and Barbara Ehrenreich, has dissected and exposed the machinations of the greedy wealthy. Turn their pockets, make them pay their fair share, and a fairer society may be possible. No one is tied to a chair and forced to watch nonsense like Fox […]

Economic system

Implications for the global economic system

– New Eastern Perspectives THE war in Ukraine is approaching its inexorable conclusion with a Ukrainian defeat only a matter of time. Yet this truth did not enter the mind of the Ukrainian President who recently issued the absurd demand that the Ukrainians talk about peace, but only after the Russians withdrew from Donbass and […]

Economic system

The air is heavy for the global economic system

Important institutions of the global system are trying to create medium and long-term solutions and responses on very important topics. However, it still seems very difficult to find solutions that hit home, as the two “black swans”, the coronavirus pandemic and the Russian-Ukrainian war, still leave many uncertainties hanging over them. The term “black swan” […]

Economic system

The global economic system is broken

Just a few space-loving billionaires. — Open democracy How long can billionaires keep amassing wealth while the world’s poorest struggle to buy food? request Paul Roger While it has long been clear that the global economic model is not working for everyone, the rate of wealth accumulation by a small minority is now breathtaking, if […]

Economic system

NON-FICTION: WHAT IS AN ISLAMIC ECONOMIC SYSTEM? – Newspaper

Islam and Economics: An Introduction to Markets, Morality and JusticeBy Ali SalmanActon Institute, USAISBN: 978-1880595466160pp. Pakistani public scholar Ali Salman’s new book, Islam and Economics: A Primer on Markets, Morality and Justice, is a must-have, offering a slightly non-academic overview of Islamic economics. I found myself developing an interest in the book after witnessing a […]

Economic system

The PaydayNow States that Investing and borrowing are two of the best ways to benefit from low-interest rates.

Low-interest rates are good for borrowers, terrible for savers, and indifferent for income investors. Refinancing loans, selling bonds, and buying property are all ways to take advantage of low-interest rates. When interest rates are low, the best sources of investment income are certificates of deposit, corporate bonds, and real estate investment trusts (REITs). This has […]

Economic system

Building an economic system based on trust: The Tribune India

Tarun Das Former Managing Director, CII Expectations for economic reforms have been consistently high since 2014. The level of aspiration of the Indian economy has increased. The overall ambition of the Indian industry is higher. But for Covid-19, Indian economy and industry might have been in a different place by now. Or, […]

Economic system

Islamic Economic System Solution to Poverty Alleviation

By Fred Ezeh Abuja Professor Ganiyat Adejoke Uthman from the Department of Economics, Faculty of Social Sciences, National Open University of Nigeria (NOUN) has recommended in his research the adoption of an Islamic economic system in the management of the Nigerian economy. She said the Islamic economic system has proven to be the solution to […]

Economic system

IPCC report: activists say economic system is ‘incompatible with life’

Environmental activists have argued that the latest report from the Intergovernmental Panel on Climate Change (IPCC) makes clear that governments must ‘say no’ to new fossil fuels and drive economic change to avoid climate breakdown. . The latest IPCC report, released April 4, examines ways to mitigate climate change and follows reports on the physical […]

Economic system

IPCC Report: Activists Say ‘The Economic System Is Incompatible With Life On Earth’

Environmental activists have argued that the latest report from the Intergovernmental Panel on Climate Change (IPCC) makes clear that governments must ‘say no’ to new fossil fuels and drive economic change to avoid climate breakdown. . The latest IPCC report, released April 4, examines ways to mitigate climate change and follows reports on the physical […]

Economic system

IPCC climate report shows ‘economic system is incompatible with life on Earth’

Environmental activists said the latest UN climate report makes it clear that governments must say no to new fossil fuels and tackle an economic system that is accelerating us towards climate collapse. The latest IPCC report examines ways to mitigate climate change and follows reports on physical science in August 2021 and on the impacts […]

Economic system

Corporate reactions to Russian aggression could sow seeds for a better economic system – Chicago Tribune

Much has been written about trading actions in Russia over the past few weeks. Given the nature of this conflict, others will unfold for years. It is because out of every conflict come the seeds of new orders. Russia views a democratic and potentially NATO-allied Ukraine as a security issue. Russian President Vladimir Putin dreams […]

Economic system

Putin is the product of a corrupt economic system that we must now reform

In all the comments about the war in Ukraine and the debates about whether the West bears any responsibility, very few people have made reference to social and economic factors. Yet, the Putin phenomenon must be understood as a new type of socio-economic system that was produced by a mixture of oil dependence and market […]

Economic system

Gallagher discusses new book on overhauling the global economic system

In an interview with Boston University The edgeKevin GallagherProfessor of Global Development Policy at BU’s Frederick S. Pardee School of Global Studies and Director of BU Global Center for Development Policy (GDP Center), talked about his new book – The case for a new Bretton Woods – and the need to overhaul the global economic […]

Economic system

The global economic system is in dire need of an overhaul

The global multilateral economic system has been tested twice in this century. The first time was with the global economic crisis of 2008; the second – with the COVID-19 pandemic. And the results are not good. As more than six million lives were lost across the world, the deteriorating climate continued to take a greater […]

Economic system

The global economic system is in desperate need of an overhaul | Opinions

The global multilateral economic system has been stress tested twice this century. The first time was with the global economic crisis of 2008; the second – with the COVID-19 pandemic. And the results are not good. As more than six million lives were lost across the world, the deteriorating climate continued to take a greater […]

Economic system

The virus has created a different economic system, says Finland’s pensions chief | News

The Managing Director of the State Pension Fund of Finland (Valtion Eläkerahasto, VER), said that the economic conditions caused by the pandemic will stay with us, and that digitization and medicine being the main drivers of this new system This is where governments need to allocate resources. Timo Löyttyniemi, CEO of VER, the €22.9 billion […]

Economic system

A Dominican friar gives an impassioned speech on social justice

Dominican friar Fr. Ivan Attard gave an impassioned speech on social justice at a conference on Friday, arguing against the capitalist economic system for a system that more fairly compensates workers. In a conference organized by the PN deputy Ivan Bartolo entitled “To live or to exist? “, Father Ivan Attard gave a passionate speech […]

Economic system

India’s economic system rigged in favor of the super-rich, says Oxfam report

As 84% ​​of households in India suffered a drop in income in a year marked by huge loss of lives and livelihoods, the number of Indian billionaires fell from 102 to 142, revealed the India Supplement to the 2022 Oxfam Davos global report, Inequality Kills. The report was released on Sunday, January 16, ahead of […]

Economic system

Chile’s president-elect stresses the need for a socially progressive economic system

President-elect Gabriel Boric warned that Chile’s consumer spending boom was unsustainable and public finances were under pressure, providing a reality check in one of the world’s fastest growing economies. Growth should be driven by investment, while protecting the environment, Boric said Thursday at a trade event in Santiago. Raising government revenue through tax reform while […]

Economic system

The decadence of American democracy also reflects a failing economic system

Illustration: Tang Tengfei/Global Times US President Joe Biden’s exclusive Democracy Summit, which was even ignored by some US allies, sparked a rare global discussion about what real democracy is and whether the US can still represent democracy . The questions wouldn’t cause much controversy just a few years ago, when the United States was heralded […]

Economic system

“Democratize” the global economic system, says Indonesia – Asia and the Pacific

Dian Septiari (Jakarta Post) PREMIUM Jakarta ● Fri 10 December 2021 Democracy was put under the microscope on Thursday as the United Nations and host country Indonesia called for a more inclusive global economic system at the Bali Democracy Forum (BDF), the second to be held during the ongoing pandemic . Launching the event, Indonesia’s […]

Economic system

A Confused Old Man Believes The Economic System That Caused Climate Change Will Magically Fix It

A baffled 50-year-old with no experience of the world outside Sydney’s elite feels that the same economic system that led to the overconsumption of fossil fuels that caused ‘once in a hundred years’ weather events every two weeks is the same system that will get the world back on track.

Economic system

Letter from over 200 academics: Our economic system is unfit to deal with the climate crisis

Eearlier this year, the official international summary of climate science has announced that we are facing an increase in disasters and disruptions, with the most vulnerable suffering the most and soonest. A leaked report the same UN process has identified the need for a transformation of our economic systems for a meaningful attempt to limit […]

Economic system

GTA Online players want massive overhaul of ‘ridiculous’ economy system

Jaret Kappelman. 8 months ago GTA Online is constantly receiving updates, but players want a major overhaul of the game’s “ridiculous” economy system that the community thinks it suffers from. A big part of Grand Theft Auto is buying all the expensive cars, clothes, and houses in the game. Players can accept many tasks, perform […]

Economic system

Transformation of ‘the whole economic system’ is needed to tackle the climate crisis, says key architect of 2015 Paris agreement

FAfter the groundbreaking Paris climate agreement at COP21 in 2015, American businessman Rick Saines was awarded France’s National Order of Merit, making him a “Chevalier” for the role that he played in collaboration with American and French officials to make this historic summit a success. Six years later, at Cop26 – the summit at which […]

Economic system

The Western economic system is coming to an end, by Thierry Meyssan

Famine spread in the West following the crisis of 1929. All institutions were threatened. They only survived through World War II. Already in the 18th century, the British economists of nascent capitalism wondered about the durability of this system around David Ricardo. What was initially very profitable will eventually become commonplace and will no longer […]

Economic system

Patricia Zurita: “We need a new economic system based on nature”

Artwork by Anna Higgie In 1995, a young Patricia Zurita was researching freshwater dolphins in the Andean mountains when the latest bout of border violence erupted between her home country of Ecuador and neighboring Peru. His team’s conservation work has been turned upside down. Soon after, however, those same efforts helped settle the decades-long dispute […]

Economic system

Xi could lead China to an economic system ‘that doesn’t exist anywhere in the world’

For a long time, analysts have called Chinese President Xi Jinping’s tributes to Mao Zedong “politically staged”, but a the wall street journal exam recent writings and speeches by Xi suggest they should take him much more seriously. Now it appears that Xi is “forcefully” trying to bring China back to Mao’s socialist vision, the […]

Economic system

Economics and Politics: The American Economic System

Through Jennifer Nicoll Victor, Ph.D., George Mason University The economy is closely linked to politics. Governments set economic policies that affect global markets, employment, wages, working conditions and other factors related to economic livelihoods. In turn, economics affects politics, sometimes in mysterious ways. In the United States, although there is a free market system, there […]

Economic system

How the courage of young people created a strong post-pandemic socio-economic system in Ghana

It is one of 38 winning blogs in the Blog4Dev 2021 competition, the World Bank’s annual writing competition in Africa, inviting young people to express themselves on a subject essential to the economic development of their country. Blog4Dev winners answered the question: How can young people work with their governments and civil society organizations to […]

Economic system

Our economic system is rigged to push money upstream so the rich get richer while the poor suffer – Darren McGarvey

The super-rich are stalking us at this point. In January, it was revealed that the combined wealth of the world’s 10 richest men had increased by $540bn (£400bn) during the pandemic. This is an almost impossible sum to comprehend. It is precisely because our intuitions are so unreliable regarding the magnitude of this wealth that […]

Economic system

The majority of young Britons want a socialist economic system

A majority of young Britons would like to live in a socialist economic system, according to new research. Millennials reject capitalism and firmly blame the climate change crises on the housing on their doorstep. They believe that socialism, on the other hand, is a good idea that has simply been badly done in the past. […]

Economic system

Emirates News Agency – Development of legislative and economic system attracts foreign investment to region: World Government Summit

DUBAI, 30th June, 2021 (WAM) — Omar bin Sultan Al Olama, Minister of State for Artificial Intelligence, Digital Economy and Teleworking Applications, and Director General of the World Government Summit Organization, has said social and economic priorities are key to the work of governments, which has been radically altered due to the effects of the […]

Economic system

Gerry Harvey is an icon of Australia’s corrupt economic system

Gerry Harvey, the Australian retail magnate, is not shy of controversy. In a now infamous interview on the Australian current affairs show 60 minutes, the billionaire described COVID-19 as a great business opportunity. Following a backlash, Harvey complained that “everyone thinks I’m this callous old bastard who profits off other people’s misery”. For once, Harvey […]

Economic system

Does the political or economic system need to change? Opinions in the United States and Western Europe vary

In the United States and Western Europe, many people support large-scale systemic change. In four countries surveyed in November and December last year, around four in ten or more in each country describe their economic or political system as needing at least major change, if not complete reform. But what people prioritize – and if […]

Economic system

Final Webinar on Racism in America to Focus on the Economic System

The harsh economic realities and inequalities in the United States have been laid bare by the uneven impact of the COVID-19 pandemic. Some have made big financial gains, but the losses are heaviest for those who can least afford it, highlighting the impact of racism on federal, state and local economic policies and outcomes. In […]

Economic system

Is the global US dollar economic system in danger of collapsing?

If Bitcoin and Ether didn’t exist and hadn’t already reached a combined market cap of $1.5 trillion, If a global pandemic hadn’t struck and governments around the world, including Republicans and Democrats who never came up with a plan that leveraged scientists and private industry standards, hadn’t shut down their economies and local businesses and […]

Economic system

“The world needs a new economic system powered by nature”

Participate in a half-day digital forum on the global circular bioeconomy, March 19, 2021, 12:00 p.m. to 4:15 p.m. UTC, here. For the past two centuries, the world has relied on a linear, fossil fuel-based economy in which raw materials are turned into products, used and then discarded. But today, climate, biodiversity, land degradation and […]

Economic system

The global economic system appears to be on the verge of change

We know the covid-19 pandemic has changed the game. But what if some things were already changing and we missed the signs? For example, the tectonic plates of the global economic order of the past 50 years have already shifted and the pandemic has only accelerated these changes. President-elect of the United States of America, […]

Economic system

How to build a fair and green economic system after covid-19

Covid-19 has exposed huge weaknesses in our economic systems. new scientist asked six leading economists how to redesign it to reduce inequality and save the planet Humans October 28, 2020 By new scientist Roberto Cigna THE coronavirus has triggered an economic crisis of a kind never seen before. In just one month, from March to […]

Economic system

The US response to COVID-19 is doomed because of the political and economic system

The United States’ response to the COVID-19 pandemic has been a disaster compared to other countries. Indeed, our political system values ​​economic production above all other considerations, including public health. Leaders in other countries, such as New Zealand, have shown how to put public health first and have been politically rewarded. But given our system, […]

Economic system

The coronavirus crisis highlights the weak points of the American economic system

“We went from 0 to 60 in five seconds,” said Kim Guadagno, CEO and Chairman of Fulfill. Hurricane Sandy in 2012 was devastating, she said, but it’s made worse because “the need is widespread, with no end in sight.” Last year, before the pandemic, Feeding America, the nation’s largest food bank network, fed 40 million […]

Economic system

Economists call for a new economic system for South Sudan

JUBA/GENEVA – As some South Sudanese experts recommend the government adopt a new economic system used by developing states to cut off black market currency trading and stabilize soaring prices, a new report from a UN panel says the real problem in South Sudan is deep-rooted government corruption. According to Abraham Matoch, professor of economics […]

Economic system

Our economic system is on life support. But who are we really saving?

Today, a decade after the onset of austerity, we are paying the price for this ideological crusade. Our health systems are sorely under-resourced and our public institutions are ill-equipped to respond to the challenges we face. Of course, it is welcome that governments are now loosening the purse strings to help individuals and businesses through […]

Economic system

The Davos View: The Global Economic System is in Transition to Stakeholder Capitalism

First BlackRock, then Goldman Sachs. Money steps in to drive lasting change in places where regulation does not exist. CEO of Black Rock Larry Fink’s Annual Letter to corporate CEOs was a call to action on climate change. And this week, Goldman CEO David Solomon, speaking at the World Economic Forum in Davos, said the […]

Economic system

70% of Americans say the US economic system unfairly favors the powerful

The idea that the US economy is “rigged” to benefit the wealthy and special interests has been a major rallying cry in the presidential election 2016 and is already resurfacing in the race 2020. This message is likely to resonate with many Americans. Seven in ten American adults say their country’s economic system unfairly favors […]

Economic system

Remaking the Economic System in Puerto Rico: A Case Study – Non Profit News

In May, NPQ hosted a webinar focused on how to rebuild Puerto Rico’s economy in a way that would meet the needs of the community. In light of the recent citizen mobilization that overthrew the island’s governor last month, we believe the messages delivered in this webinar by leading Puerto Rican activists are more important […]

Economic system

It’s America’s economic system that’s broken, not China’s – Baltimore Sun

Chinese President Xi Jinping could possibly agree in the coming days on new measures to reduce China’s trade imbalance with the United States, giving Donald Trump a face-saving way to end his trade war. But Mr. Xi will not agree to change the Chinese economic system. Why should he? The American economic system is geared […]

Economic system

Forget China – It’s America’s Own Economic System That’s Broken | Robert Reich

Xi Jinping could possibly agree further steps next weekend to reduce China’s trade imbalance with the United States, giving Donald Trump a face-saving way to end his trade war. But Xi will not agree to change the Chinese economic system. Why should he? The American economic system is geared towards maximizing returns for shareholders. And […]

Economic system

Our economic system must change in the face of environmental devastation

Climate change is the greatest risk and challenge of our time. The level of carbon dioxide in the atmosphere has reached 415 parts per million – the highest for nearly three million years. And the past five years were the hottest on record since the 1880s. British scientist Brian Cox said that politicians “often make […]

Economic system

To save America, we must rebalance our economic system

The American economic system is a mixture of free market capitalism with government actions and controls. It has evolved with our nation. Many of us have come to believe that this system rewards hard work and is fair. Globalization and technological change have challenged this belief. Rising economic rewards for “knowledge workers” – people who […]

Economic system

Is the American economic system fair? Republicans, Democrats divided

According to a new survey by the Pew Research Center, about six in ten American adults (63%) say the country’s economic system unfairly favors powerful interests, compared to a third (33%) who say it is generally fair for most. Americans. While general opinions on this issue have changed little in recent years, the partisan divide […]

Economic system

Americans divided over security of economic system

A decade after the 2008 financial crisis, the public is roughly evenly divided on whether the US economic system is safer today than it was then. About half of Americans (48%) say the system is safer today than it was before the 2008 crisis, while about as many (46%) say it is not. safer. Opinions […]

Economic system

To save us, it’s time to rethink our economic system, scientists warn

The planet is in trouble. Study after scientific study warns that we have pushed far beyond the physical limits of what our living world can sustain. From rising extreme temperatures causing dire weather patterns – including drought records and from unprecedented fires – to oceans suffocated by plastic and collapsing ecosystems, it’s painfully clear that […]

Economic system

Vatican considerations on the economic system call us to shape a new one

The Vatican’s recent economic assessment reveals a vibrant, engaging, and relevant Catholic Church. This reflects a Catholic Church that sees the pain in our financial system as the Church brings relief to hurricane victims, refugees and the homeless. The document is linked to a church working with other faiths, in Puerto Rico and the Caribbean, […]

Economic system

What are the main differences between a mixed economic system and pure capitalism?

A mixed economic system is an economy that allows private ownership and allows businesses and consumers to freely use capital. However, in a mixed economy, governments can intervene through the regulation of the economy if deemed to be in the best interest of all. Mixed economic systems are not state economies, which means that the […]

Economic system

Definition and Examples of Mixed Economic System

What is a mixed economic system? A mixed economic system is a system that combines aspects of capitalism and socialism. A mixed economic system protects private property and allows a level of economic freedom in the use of capital, but also allows governments to intervene in economic activities in order to achieve social goals. According […]

Economic system

How did the Soviet economic system affect consumer goods?

The now-defunct Soviet Union was not a good place for its citizens, who suffered from chronic shortages of consumer goods. The goods available to them were generally inferior to those available in the West. During its almost seven decades of existence, from 1922 to 1991, the Union of Soviet Socialist Republics was one of the […]

Economic system

What are the common characteristics of a mixed economic system?

A mixed economy is defined by the coexistence of a public sector and a private sector. However, the specific mix between public and private can vary considerably from one mixed economy to another. By their respective natures, the private sector is subservient to the public sector. Private exchange can only take place where the government […]

Economic system

Definition of Mercantilism (Economic System)

What is commercialism? Mercantilism was an economic system of commerce that spanned the 16th to 18th centuries. Mercantilism is based on the principle that global wealth was static, and therefore many European nations attempted to accumulate as much of this wealth as possible by maximizing their exports and limiting their imports via tariffs. Key points […]

Economic system

America’s economic system is unfair, say most Americans

It became one of the recurring questions of the 2016 presidential campaigns in both parties: Is the American economic system fair for most Americans, or is it “rigged” to favor the rich and powerful? A substantial majority of Americans – 65% – say this country’s economic system “unfairly favors powerful interests.” Less than half (31%) […]

Economic system

A radical new economic system will emerge from the collapse of capitalism | Guardian of sustainable business

At the very moment of its ultimate triumph, capitalism will experience the most exquisite of deaths. It is the conviction of the political adviser and author Jeremy Rifkinwho argues that the current economic system has been so successful in reducing production costs that it has created the very conditions for the destruction of the traditional […]

Economic system

An economic system that supports people and the planet is still possible | Guardian of sustainable business

I lead an organization with an ambitious mission statement: to transform the economy so that it works for people and the planet. For 30 years the New Economy Foundation worked with others to move our economic system from the current model – growth at all costs – to one where the main objective is to […]

Economic system

It’s simple. If We Can’t Change Our Economic System, Our Numbers Will Grow | George Monbiot

IImagine that in 3030 BC. J.-C., the totality of the possessions of the Egyptian people fills a cubic meter. Let’s say these possessions grew by 4.5% per year. How big would this reserve have been during the Battle of Actium in 30 BC? It’s the calculation by investment banker Jeremy Grantham. Come on, guess. Ten […]

Economic system

China’s economic system struggles to overcome its political system

One need only look as far as the library to see the optimism attached to China’s rise as a global economic and political power. Titles like The Dragon awakens; The rise of China; and When China rules the world predict an inevitable, if not entirely welcome, rise to dominance. “If you look at these three […]

Economic system

An unstable global economic system ignored

By Daniel Albert Today, the International Monetary Fund announced a further reduction in its global growth projections for 2014, with its estimate of US growth also reduced (citing government spending cuts, but not the current US government shutdown – or hitherto unthinkable notion of the US government failing to fulfill its obligations). Despite the apparent […]

Economic system

Europeans are increasingly unhappy with the inequalities of the economic system

One of the main casualties of the euro crisis has been Europeans’ confidence in the fairness of their economic system, according to a new poll from the Pew Research Center. In what is now the fifth year after the Great Recession, Europeans believe that inequality is now a major problem in their societies and believe […]