Category: News (page 4 of 53)

Foundations of African Public Debt

Public debt in African economies has become a subject of critical examination as nations grapple with the challenges and opportunities it presents. This research paper embarks on a comprehensive exploration of the complexities surrounding public debt in Africa, aiming to shed light on its historical roots, legal foundations, theoretical dimensions, creation processes, rights and liabilities, and transparency mechanisms. By addressing these multifaceted aspects, this study seeks to offer valuable insights and policy recommendations for effective debt management and governance

The Legal Foundations of the African Public Debt – AFRODAD

UN Pact for the Future

What does it offer for the reform of the international financial architecture?

The UN Pact for the Future | Global Policy Forum

EU-Directive on Minimum Income Needed

As the European elections loom, legislation addressing the root causes of poverty must move to the top of the agenda.

Fighting poverty: directive on minimum income needed (socialeurope.eu)

Economic Democracy instead of Wealth Supremacy

The extraction of wealth is a pathology of late capitalism and is defined by the cultural and political processes by which the rich establish themselves as the dominant class. Social theorist and organizer Marjorie Kelly labels this phenomenon “wealth supremacy” which is also the title of her latest book. But as she points out in this exclusive interview for Truthout, wealth supremacy, which has institutionalized greed, defines a system that is not only biased but rigged against the great bulk of the population and thus detrimental to the economy, the citizens and the planet. She argues, in turn, that a movement to build a democratic economy is our only way out.

The Only Solution to “Wealth Supremacy” Is a Democratic Economy | Truthout

Onerous Debt making the Poorest Poorer

Contractionary economic trends since 2008 and ‘geopolitical’ conflicts subverting international cooperation have worsened world conditions, especially in the poorest countries, mainly in Africa, leaving their poor worse off.
Conditions and prospects are so bad that two well-known globalisation cheerleaders have appealed to rich nations for urgent action. Former IMF Deputy Managing Director and World Bank Senior Vice-President, Professor Anne Krueger and influential Financial Times columnist Martin Wolf warn ominously of the dire consequences of inaction.

Article by Jomo Kwame Sundaram

Limitarism

Some thoughts on Ingrid Robeyns’ excellent book: Must we limit the wealth of the wealthiest?

Must We Limit the Wealthy’s Wealth? – Inequality.org

Solidarity: a new EU ‘freedom’?

Tesla’s confrontation with Swedish workers highlights how solidarity must be enabled in a globalised Europe.

Time to recognise a fifth EU freedom: solidarity (socialeurope.eu)

Taxing Wealth to Break Billionaire Dominance

We are much closer to seeing the world’s first trillionaire than ending poverty. Why? Because our economic system works for the few richest individuals, often men, who reign over our economy.  

Taxing wealth to break billionaire dominance (socialeurope.eu)

Universal Health Coverage Stalls

A comment of the People’s Health Movement on a recent report of the World Health Organisation

Universal health coverage stalls while financial protection goes backwards (mailchi.mp)

Davos: Governments urged to Rein in Billionaire Class

Oxfam called on Monday for governments to rein in corporate power by breaking up monopolies; instituting taxes on excess profit and wealth; and promoting alternatives to shareholder control such as forms of employee ownership.

It estimated that 148 top corporations made $1.8 trillion in profits, 52 percent up on 3-year average, allowing hefty pay-outs to shareholders even as millions of workers faced a cost of living crisis as inflation led to wage cuts in real terms.

As Davos crowd gathers, governments urged to rein in ‘billionaire class’ (yahoo.com)

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