The Changing World Economy
Understanding how the world economy works will be the key to forming a just and sustainable future.
Since 1970, the financial sector has increasingly turned away from the financing of industry and commerce and concentrated instead on the business of making money from money – the process of financialization – resulting in new ways to extract money without adding value to the rest of the economy.
The Covid 19 pandemic has forced us to think that debts may need to be forgiven, something which cuts right across the ideology of the debt-economy in which we live.
A “renegade economist” advances a new, more comprehensive and regenerative economic model – one based on a view of humans as socially adaptable beings in a world of limited natural resources. A view that recognizes the factors which are essential to life, but for which no one pays in our society, such as the sun’s energy, voluntary effort, family love and caregiving; also that the getting and spending of money is not the essential aim of human existence. Read more »
Featured Books on Ending Global Poverty
How Billionaires, Tech Disrupters, and Social Entrepreneurs Are Transforming the Global Aid Industry
In 2000, Raj Kumar and friends created Devex, an online community for global development that matches up organizations with funding opportunities and provides the largest database of grants, tenders, and other funding information. This book was written 20 years later to provide a clearer picture of how the aid industry operates, and where it’s headed. Read more»
A Nobel economist and a leading finance expert posit the view that learning is more important to growth and development than the accumulation of capital. The traditional view of an inherently efficient free market, and of government regulation as the major source of economic difficulty, impedes the raising of a society’s standard of living by discouraging the production and dissemination of knowledge. Read more »
Travel the Journey
David Leonhard, New York Times
Three leading economists provide a dramatic look at the skyrocketing income growth of the 0.01% very rich vs. all other Americans over the past 34 years.
Matthew Desmond, Project 1619 New York Times
The founding of the American economy on a brutal system of slavery clearly demonstrates the interconnections of the particular forms of exploitation which grew out of the colonial mindset. The same greed and indifference to human values appeared across the world, from Leopold’s Congo, to Bolsonaro’s Brazil, to the Middle East today.
Matthew Desmond, Peter Whoriskey and Rachel Siegel, Washington Post
Mars, Nestlé and Hershey pledged nearly two decades ago to stop using cocoa harvested by children. Yet much of the chocolate you buy still starts with child labor.
Oxfam Report to the 2020 World Economic Forum
The heavy and unequal responsibility of care work perpetuates gender and economic inequalities. This has to change.
Oxfam Report to the 2019 World Economic Forum
“The gap between rich and poor is pulling us apart. It stops us from beating poverty and achieving equality between women and men. Yet most of our political leaders are failing to reduce this dangerous divide. It does not have to be this way. Inequality is not inevitable – it is a political choice. Concrete steps can be taken to reduce it.”
Annie Lowrey, New York Times
As automation reduces the need for human labor, some Silicon Valley executives think
a universal income will be the answer — and the beta test is happening in Kenya.
Nicholas Kristof, New York Times
In a remote village in Paraguay, indigenous people are gaining hope and leaving poverty. The approach would work in rich nations, too.
The New Humanitarian
The New Humanitarian predicted these 10 crises and trends would help shape their coverage in 2019. Here’s why they have the editors’ attention, and should demand ours.
Nicholas Kristof, New York Times
There’s plenty to fret about. But a failure to acknowledge global progress can leave people feeling hopeless and ready to give up. In fact, the gains should show us what is possible and spur greater efforts to improve opportunity worldwide.