In the context of a global economic crisis, the issue of financial exclusion is urgent. There can be no excuse for governments who fail to honour their commitment to the most vulnerable members of society while
shovelling ever increasing heaps of cash into the insatiable maw of the
financial sector, writes Justin Frewan.
The financial turmoil destabilising the European Union bears a stark resemblance to the debt crises of the developing world. The failures of a debt-based global economy are become increasingly apparent, as is the need to find a humane alternative based on the redistribution of power and resources, says Rajesh Makwana.
As Europe frantically shores up an unravelling economic system, popular protests are erupting against adjustments made to placate the finance markets. Austerity measures and bailouts may keep the banks happy, but what about the people? By Anna White.
The recent global economic crisis has revealed the contradictions of privatised finance. If taxpayers have to prop up the system when it fails, why should they not also have control over the supply and allocation of money in the first place? By Mary Mellor.
The present crisis should lay to rest any belief in the ‘invisible hand’ of the market. Keynes’s insights into the role of regulation and reform are needed once again if capitalism is to take on a more human face, writes Joseph Stiglitz.
the Brandt Commission anticipated that unless governments corrected global
monetary imbalances through coordinated action, there would be a series of
sovereign debt crises. In the Commission’s recommendations, we have a
compendium of received wisdom long ignored yet still vital, writes James B.
The financial crisis presents a rare opportunity to build a
system of international finance that works in the true interest of the global
public, but the G20 ministers seem intent on maintaining the unsustainable
growth-oriented global economy of the past, writes Rajesh Makwana.