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Tag: Global Capitalism

Flickr / International Monetary Fund

IMF to Scrutinize the Rich

While the International Monetary Fund has historically been an organization used by wealthy countries to assert economic dominance over the rest of the world, developing nations won a small battle Saturday as the IMF moved to increase scrutiny over its rich members, including the United States.

Posted on Oct 10, 2010 READ MORE

IMF Recession

IMF Sees an Even Deeper Recession

A shrinking global economy has many at the International Monetary Fund worried, as economists project that 2009 will see a decline of 1.3 percent in world economic output—the first global recession since World War II.

Posted on Apr 22, 2009 READ MORE


G-20 vs. 6 Billion

No matter how trite it has become for the media to focus on the “clashes” and “violence” that have “erupted” at the G-20 demonstrations in London, stories on the economic summit seem to overlook the legitimate concerns that protesters have against the world’s 20 largest economies orchestrating macroeconomic policy for the rest of the world.

Posted on Apr 1, 2009 READ MORE

Environment Probs
DFID / Hassan Bipul

Rich Nations Truant on Climate Pledges

Analysis is finding that, amid the historic neglect that rich nations show toward the poor, developing countries have received less than 10 percent of the funds promised to them by the developed world. This comes as countries in the global south struggle to respond to the myriad concerns about global warming.

Posted on Feb 20, 2009 READ MORE


U.S. Hegemony on the Outs

Maybe it was the past eight years, or maybe it was the past three months, but a new report by the U.S. intelligence community estimates that American global power is on the decline, and will be for the next two decades as upcoming powers like China and India gain greater international standing.

Posted on Nov 21, 2008 READ MORE

IMF Building

IMF Warns of Pending Global Downturn

With all the negativity in the ether regarding the stability of the world economy, it’s surprising that the International Monetary Fund took so long to throw its two cents into the fray. Never the fund to disappoint, the IMF issued a report Wednesday that warns of a pending global downturn following the U.S. credit crisis, as confidence falters in finance and credit markets around the world.

Posted on Oct 8, 2008 READ MORE

Wiki Commons/Andy Miah

Beijing 2008: Are You Ready for McCommunism?

Naomi Klein points out that while repression in China is nothing new, Police State 2.0 has nothing to do with Communist ideological purity and everything to do with creating “the ultimate consumer cocoon for Visa cards, Adidas sneakers, China Mobile cell phones, McDonald’s happy meals, Tsingtao beer, and UPS delivery—to name just a few of the official Olympic sponsors. But the hottest new market of all is the surveillance itself ... an entirely for-profit affair that is the latest frontier for the global Disaster Capitalism Complex.”

Posted on Aug 7, 2008 READ MORE

Hong Kong Protest WTO

Second Wind for WTO Talks?

While supporters of the much troubled Doha Round of the World Trade Organization believe talks may have found their second wind, only the world’s largest economies seem to be breathing. The form of capitalism supported by these countries is resisted by poorer nations, which rightly fear WTO deregulations would disproportionately benefit the wealthy.

Posted on Jul 25, 2008 READ MORE

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