Billions in Offshore Bank Accounts. Saving for a Very Rainy Day.

Billions in Offshore Bank Accounts. Saving for a Very Rainy Day.

The really wealthy, vexed by tax collectors, pesky relatives, ex-wives and just plain thieves, long ago learned the wisdom of hiding their money and property. This is twice true for politicians. An investigation by an international consortium of journalists just examined a massive leak of 11.9 million records of offshore financial firms that have been…

The Fear Pandemic and the Crisis of Capitalism. Sleepwalking Towards A Global Economic Crisis?

The Fear Pandemic and the Crisis of Capitalism. Sleepwalking Towards A Global Economic Crisis?

In October 2019, in a speech at an International Monetary Fund conference, former Bank of England governor Mervyn King warned that the world was sleepwalking towards a fresh economic and financial crisis that would have devastating consequences for what he called the “democratic market system”. According to King, the global economy was stuck in a…

Agrifood Conglomerates: Smashing the Heads of India’s Farmers: A Global Struggle Against Tyranny

Agrifood Conglomerates: Smashing the Heads of India’s Farmers: A Global Struggle Against Tyranny

According to Reuters, more than 500,000 farmers attended a rally in the city of Muzaffarnagar in the Indian state of Uttar Pradesh on 5 September. Hundreds of thousands more turned out for other rallies in the state. Rakesh Tikait, a prominent farmers’ leader, said this would breathe fresh life into the Indian farmers’ protest movement….

Amazon, “Economic Terrorism” and the Destruction of Competition and Livelihoods

Amazon, “Economic Terrorism” and the Destruction of Competition and Livelihoods

Global corporations are colonising India’s retail space through e-commerce and destroying small-scale physical retail and millions of livelihoods. Walmart entered into India in 2016 with a US$3.3 billion take-over of the online retail start-up Jet.com. This was followed in 2018 with a US$16 billion take-over of India’s largest online retail platform, Flipkart. Today, Walmart and Amazon…