Abby Martin interviews John Perkins, economist and author of Confessions of an Economic Hitman, about how corporations are determining the world order, and how assassins take out those who challenge the system.
Professor Hudson, in January you warned in Berlin at the Rosa Luxemburg Conference, about the still “dangerous” US financial imperialism. The US uses “financial weapons”, you said. Can you explain that briefly?
‘The New Rulers Of The World (2001) analyses the new global economy and reveals that the divisions between the rich and poor have never been greater – two thirds of the world’s children live in poverty – and the gulf is widening like never before.
Ethiopia’s new Prime Minister Abiy Ahmed is moving quickly to open up the strategic Horn of Africa country to Western capital. But far from the move being seen as a progressive reform, many Ethiopians and observers are concerned that the new direction is leading the nation into “debt slavery”.
The apparent assassination of a highly regarded public figure has rocked Ethiopia to its core. Simegnew Bekele, the architect overseeing a prestigious hydroelectric project in Ethiopia, was shot dead last week in the capital Addis Ababa by an unknown attacker. Many people in the Horn of Africa country are now suspecting a foreign hand behind his brutal slaying.
US journalist Max Blumenthal has just published an in-depth look at US interference in Nicaragua – a particularly important development of which has been a recent meeting between Nicaraguan student opposition leaders and right-wing neoconservative figures in Washington.
by Graham Peebles
Writer, Dandelion Salad
June 10, 2018
Year on year the economic divisions and sub-divisions in the world deepen, the associated social ills increase: The rich, comfortable, and the very extremely rich keep getting richer, and the rest, well, whilst some may be raised up out of crippling poverty into relative poverty, the majority of people continue to live under a blanket of economic insecurity and largely remain where they are.
There is a “mystery” we must explain: How is it that as corporate investments and foreign aid and international loans to poor countries have increased dramatically throughout the world over the last half century, so has poverty? The number of people living in poverty is growing at a faster rate than the world’s population. What do we make of this?
All income growth of the past few years is going to the top 10 percent, without paying more in taxes. IMF says that higher taxation of the top earners would not impinge on economic growth, explains economist Michael Roberts.
President of the Republic of Namibia, Dr. Hage Geingob, discusses how his country, which achieved independence from neighboring apartheid South Africa in 1990, is now fighting for justice and economic emancipation from global banks, corporations and foreign governments seeking to extract the developing country’s natural resources.
The financial inequality across the globe has reached new extremes. The international charity -Oxfam- in its latest report “An Economy for the 1%” has a shocking revelation: “Runaway inequality has created a world where 62 people own as much wealth as the poorest half of the world’s population.” Imagine that. Only five years earlier it took 388 of the world’s richest to reach that mark. Extreme inequality: that is the topic for this edition of the debate.