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The present economic crises do not call for a "new
capitalism," but they do demand a new understanding of older ideas,
such as those of Adam Smith and Arthur Pigou - many of which
have been sadly neglected, argues Amartya Sen.
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As critics proclaim the
death of neoliberalism amidst an international financial crisis, globalisation
theory is set to go into a tailspin. A short introduction to the academic globalisation
debate, by Adam W. Parsons.
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The logic of free-market capitalism states that the economy must grow continuously or face an unpalatable collapse. With the environmental situation reaching crisis point, however, it is time to stop pretending that mindlessly chasing economic growth is compatible with sustainability, argues Tim Jackson.
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The World Bank's revised international poverty line of $1.25, which on many counts
reveals a negligible difference in reducing poverty since 1981, raises legitimate questions about the assumed success of
globalisation, writes Adam W. Parsons.
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Markets reinvented the world, and nobody intended – or even envisaged – the outcome. Now the role of the left in an era of declining state power is to ensure that the structures of governance are directed towards protecting all equally, writes Nigel Harris.
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Is there an alternative to plundering the earth? Is there an alternative to making war? Is there an alternative to destroying the planet?
By Prof. Claudia von Werlhof.
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The consequences of an economy based upon the principles of selfish individualism and brute competitiveness have now been exported to almost every country of the world. A return to the human values beyond economic theory has never been such an intimidating but tremendous possibility, writes Adam W. Parsons.
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The pursuit of economic growth as a sole measure of national success is not, despite the dogmas of the World Bank, a foregone conclusion or an inevitable assumption. A paradigm shift in thinking is required if our obsession with outmoded orthodox economics is ever to be overcome, writes Adam Parsons.
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The fight against free trade is a fight for the right to politico-economic democracy, public services, and a social wage, the right not to be completely at the mercy of big capital, says Michael Parenti.
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What are the real trends of global economic growth, and how widely are the benefits of global trade shared? A close look at the evidence casts doubt on conventional optimism, writes Robert Wade.
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