Economic sanctions are international measures that are usually used as punitive or corrective procedures. When one hears of economic sanctions countries like Russia, Sudan and Iraq come to mind, with the US being the chief instigator of such sanctions. Economic sanctions are penalties applied by a country or countries on another country or countries. Economic […]
WTO
Posted inBusiness, Equality
The truth about extreme global inequality
The crisis of capital, the rise of the Occupy movement and the crash of Southern Europe have brought the problem of income inequality into mainstream consciousness in the West for the first time in many decades. Now everyone is talking about how the richest 1% have captured such a disproportionate share of wealth in their […]
Posted inGeneral
The neoliberal plague: Aids and capitalism
Another World Aids Day is behind us and the usual spatter of annual reports and politicians’ eager promises continue to reverberate through the media. If you’re like me, you’re probably tired of the whole show at this point. After all, it’s 2012, we were supposed to have this epidemic licked by now. Why, despite billions […]
Posted inBusiness, News/Politics
How to occupy the world
The leading tagline of the Occupy Wall Street movement reads: “Protest for world revolution.” This is an ambitious claim. In most respects it seems to ring quite true: the movement has successfully taken root not only in cities and towns throughout the United States but also in major urban centres around the world. On October […]