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Finance & Debt

Hope from chaos: could political upheaval lead to a new green epoch?

Kevin Anderson writes in The Conversation: Most political and economic pontificators, buttressed by naysayers and established elites, remain incapable of seeing beyond their familiar 20th century horizon. But the 21st century is already proving how the future is a different country –one that could yet be shaped by alternative interpretations of prosperity, sustainability and equity.

Why should India risk an economic disaster to save the American Dream?

Shelley Kasli writes: Recent changes in India’s foreign direct investment policy allows 100 percent FDI (from current 49%) for single brand retail trading and construction, among others, paving the way for global players. In reality, India is being drawn into the spiral of debt economics to protect the American Dream from turning into a Nightmare.

Rs 50 lakh crore: India’s tax bonanza to corporations in the last decade

Devinder Sharma writes: In the 12-year period between 2004-05 and 2015-16, total tax concessions given by the Indian government to industry almost equals a whopping Rs 50-lakh crore. If these tax concessions were eliminated and the additional revenue generated was instead used effectively for social betterment programmes, India could have made hunger and poverty history.

The Gujarat Model – An obituary and a warning

Whoever wins the Gujarat elections, its clear that as a political idea, the Gujarat development model is floundering, and may never be revived. It may have been a textbook case of what development should not be like, but given the powerful interests it serves, it’s still likely to haunt India’s policies for years to come.

Meet the new age Robin Hoods building a post-capitalist Catalonia

From Shareable.net: An intriguing blueprint for a post-capitalist world is gradually being built in a converted spa in Barcelona, Spain. Founded by dissenter Enric Duran, the Catalan Integral Cooperative is a wide-ranging operation offering diverse services; including a financial co-op, food pantry and open-source tool workshop, all run on its own local currency —the eco.

Announcing Presscoin/Insurge: The blockchain for people and the planet

A coalition of investigative journalists, privacy activists and alternative economy enthusiasts including Nafeez Ahmed, John Pilger and Barkha Dutt, have announced Presscoin/Insurge, a fascinating new hybrid platform that seeks to meld cutting-edge journalism with activism and alternative currencies. “Dedicated to people and the planet, it represents a fundamental break with the old paradigm,” Nafeez says.

Deutsche Bank: The next financial crisis is probably around the corner

Financial crises are happening more frequently, and the next panic is almost certainly brewing – mostly thanks to skewed government and central bank policies -according to research by Deutsche Bank. It comes as a warning to India, where the RBI has just approved a massive ‘recapitalisation’ programme to bailout banks struggling with ballooning corporate debt.

A global police state? Digital capitalism and the rise of authoritarian leaders

William Robinson highlights some revealing statistics to expose what is really behind the rapid digitalization of global capitalism, the rise of authoritarian leaders and the creeping spread of the global police state. These, he says, are nothing but an insecure transnational capitalist elite’s attempt to insure themselves against rising inequality and a looming economic crisis.

Bookshelf: A New Politics for an Age of Crisis by George Monbiot

George Monbiot‘s powerful new book looks at how democracy and economic life can be radically organised from the bottom up. He argues against the “society-crushing system of neoliberalism”, and for a political agenda “that isn’t destined to destroy the living planet”, power given back to people so that wealth isn’t continually distributed to the rich.

Why political correctness fails – Why what we know ‘for sure’ is wrong

Gail Tverberg writes: The Politically Correct (PC) worldview has been called the “religion of success”. In this post, I explain why many popular (or politically correct) understandings are just plain wrong. I cover many controversial topics, including environmentalism, peer-reviewed literature, climate change models, and yes, religion. I expect that the analysis will surprise almost everyone.

Overdose: The Next Financial Crisis

From Journeyman Pictures: The financial storm of 2008 began brewing in when the US congress pushed the idea of home ownership for all. When it all went wrong, they opted for gargantuan bailouts for the big banks. This documentary offers fresh insight into the greatest economic crisis of our age: the one still awaiting us.

Worst drought in 140 years leads to farmer deaths, riots, policy impasse in Cauvery Delta

Keith Schneider reports: The thickening chain of death and sorrow in the Cauvery Delta, formed from the powerful links of water, agricultural, and industrial policy, is bludgeoning Tamil Nadu. The human toll, counted in the escalating numbers of shattered hearts, is a disturbing measure of how extravagant, water-consuming development practices no longer fit environmental conditions.

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