Daily Archives: October 1, 2021

2021-10-01: News Headlines

Jubilee USA Network (2021-10-01). Wealthy Countries Must Share Pandemic Relief Aid, Organizations Say. indybay.org In a letter to finance ministers, 250 organizations call on wealthy countries to donate IMF emergency currency they don't need to poor countries. In August, the IMF created $650 billion in Special Drawing Rights (SDRs) to support global coronavirus response. More than $400 billion went to wealthy countries and $230 billion went to developing countries.

rebekah (2021-09-30). Big Money's War on the Build Back Better Plan. inequality.org

SAM (2021-09-30). The Least Sympathetic People in the Entire World? inequality.org

Newsclick (2021-09-30). Imperialism then and now: [3] Capital relocation, inequality, encroachment and protracted crisis. peoplesdispatch.org Prabhat Patnaik shows that as capital is relocated, real wages do not rise, inequality widens, and global demand is suppressed. The system remains in protracted crisis; Keynesianism in the North alone is no solution. The struggle is everywhere.

Michael Hudson — Ross Ashcroft (2021-09-30). China's Fortune Cookie Crumbles. counterpunch.org With China's increasing wealth, Western investors want some of the action. One of those investors is a bullish gentleman called George Soros. However, the Chinese are acutely aware that with Western investment comes inequality. So as Beijing begins to rethink how to do proper economic growth, can we expect that China will learn from Western mistakes?

Marie Solis (2021-09-30). For Many, the Pandemic Was a Wakeup Call About Exploitative Work. zcomm.org The unemployment expansion showed us what work could be like if it was freely chosen…

Madaar (2021-09-30). The hidden hunger in Morocco. peoplesdispatch.org Hunger has a strong presence in the Moroccan imaginary as much as it exists in reality. Throughout the course of history, the people of Morocco have suffered from cyclical droughts, marginalization and exclusion, and the systemic theft of their wealth and harvests by the Mahkzen, the political regime led by the monarchy. | The agricultural sector in the country employs 40% of the labor force and contributes to 15% of the GDP, therefore making the country's economy and the economic situation of its people very vulnerable to shifts in the global market and climate change. | In addition to the challenges presented b…

Newsclick (2021-09-30). Imperialism then and now: [2] Wealth drain, depression, the role of the state and globalization. peoplesdispatch.org Prabhat Patnaik explains how the colonial system led to depression. Then, in advanced countries governments stepped in to increase demand and productivity, but how unless the periphery is available for extraction of wealth and cheap provision of inputs the system would collapse. So, the Global South was absorbed by a globalization process where finance becomes predominant, income deflation is widespread and governments everywhere are turned into servants of financialization.

Staff (2021-09-30). "A Moral Crisis": Reverend William Barber on Why Congress Must Pass $3.5 Trillion Bill. democracynow.org Activists continue to call on Democratic leaders to pass the $3.5 trillion Build Back Better Act, which expands the social safety net and includes measures to address the climate crisis. Progressives remain resolute in their opposition to passing a bipartisan $1 trillion infrastructure bill unless it is paired with the larger package. The Build Back Better Act represents "economic investment in the lives of poor and low-wealth people in this country," says Reverend William Barber, co-chair of the Poor People's Campaign. "The question here is not 'What will it cost if we do this?' What will it cost if we don't do…

Internationalist 360 ∞ (2021-09-30). EU-Morocco Trade Deals that Include Western Sahara Violate International Law. libya360.wordpress.com Peoples Dispatch (Photo: Ambassador Oubi Bachir/Twitter) The European Court of Justice had issued similar verdicts in 2016 and 2018, stating that the Western Sahara region cannot be considered as part of Morocco in such trade agreements The European Union's (EU) highest court on Wednesday, September 29, cancelled two trade deals with Morocco, involving farm and…

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