We are told that "the banks are too big to fail" but its the planet that is too big to fail says a panel of ecological experts. Sadly, economic growth still seems to be taking place at pace with little consideration for its impact on the finite resources of the planet and within a system devoid of any consideration for justice. If every human were to enjoy the living standard of the average North American, we would need four planet Earth's to sustain us all. The opportunity to...
Part One The clip above is part one of a multi-part interview by Paul Jay of The Real News Network with Ha-Joon Chang, Cambridge economist and author of the book, "23 Things They Don't Tell You About Capitalism." The debate about "capitalism" being at the core of the economic meltdown seems to have died down. But what about the future of the capitalist system? Is the world facing another meltdown? And, is there a more rational way to have a capitalist system?...
Allison Kilkenny - A few weeks before he died, Howard Zinn had lunch at the Warwick Hotel in Manhattan with New York Times columnist Bob Herbert. Their topic of conversation was, of course, social justice. "If there is going to be change, real change," Zinn told Herbert, "it will have to work its way from the bottom up, from the people themselves. That's how change happens." A year later, the streets of London erupted with citizens who were engaging in Zinn's favorite pastime:...
Responding to a question from Shannon de Rayhove of Creamer Media TV, about South Africa's integration into the global economy, Prof. Seeraj Mohamed (director of the Corporate Strategy and Industrial Development Research Programme in the School of Economic and Business Sciences at the University of the Witwatersrand) argues that there is a developing consensus between mainstream and less orthodox economists that the manner in which South Africa integrates into the global economy needs to be...
Over the weekend, in Ireland thousands of people protested against austerity measures and against bearing the burden of the Irish crisis. Ireland's austerity program involves raising the sales tax or VAT to 23%. At the same time corporate tax is pegged at 12,5% and will not be raised. Just how did the Irish miracle turn into the Irish nightmare? Professor Leo Panitch at York University says Ireland arrived at this mess via the bust of the financial sector that Ireland didn't cause. It...
Harry Browne - The Chains of Capital are Only as Strong as the Weakest Link Around here lately there’s been much talk about the Easter Rising. It’s nothing particularly interesting: just the “Men of 1916” turning up as the stars of a series of rhetorical questions that boil down to: “Was it for this that they gave their lives?” The Irish Times, bitter enemy of those rebels 94 years ago and rarely friendly toward them since, bundled the refrain into an editorial last...