Sunday, August 20, 2017

Tag: Poverty

China’s Xi to promote globalization at Davos, not war and poverty

China's President Xi Jinping will promote "inclusive globalization" at this month's World Economic Forum (WEF) in Davos and will warn that populist approaches can lead to "war and poverty", Chinese officials said on Wednesday. This year's forum, from Jan. 17-20, is expected to be dominated by discussion of a surge...
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Michael Hudson on the Orwellian Turn in Contemporary Economics

Michael Hudson is President of The Institute for the Study of Long-Term Economic Trends (ISLET), a Wall Street Financial Analyst, Distinguished Research Professor of Economics at the University of Missouri, Kansas City and author of Killing the Host (2015), The Bubble and Beyond (2012), Super-Imperialism: The Economic Strategy of American Empire...

McKinsey Study Shows 81% of US Worse off Than in 2005, France 63%, Italy...

The McKinsey study Poorer than Their Parents? offers a new perspective on income inequality over the period 2005-2014. Based on market income from wages and capital, the study shows 81% of US citizens are worse off now than a decade ago. In France the figure is 63%, Italy 97%, and...

The Millions Left Behind in Afghanistan

With war intensifying as U.S. and NATO troops head home, promises made to help the millions of internally displaced are woefully unfulfilled. Farzana shivers with her seven children in what has been her home for more than a decade in Chaman-e-Babrak, Afghanistan. This settlement in northern Kabul houses hundreds of...

Exposed: Sweatshop slaves earning just 44p an hour making empowering Beyonce clobber

BEYONCE'S new high street sportswear range for Topshop is made using sweat shop labour earning just £4.30 a day, we can reveal. The revelation heaps more pressure on under-fire fashion tycoon Sir Philip Green, who faces a grilling from MPs about his role in the collapse of BHS. The chain’s demise...
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Days of Revolt: How We Got to Junk Economics

In this episode of teleSUR’s Days of Revolt, Chris Hedges interviews economist Michael Hudson on the history of classical economics and explores Marx’s interpretation of capitalism as exploitation. CHRIS HEDGES: Hi, I’m Chris Hedges. Welcome to Days of Revolt. Today in a two-part series we’re going to be discussing a...

The world’s wealth is going to just 62 people

Wealth just keeps growing for the 62 richest people in the world. Collectively, this ultra-wealthy group controls $1.76 trillion, which is about the cumulative worth of the poorer half of the world’s population, or around 3.5 billion people. And since 2010, wealth has become more and more concentrated in favor...

In Saudi Arabia, unemployment and booming population drive growing poverty

A few miles from the blinged-out shopping malls of Saudi Arabia’s capital, Souad al-Shamir lives in a concrete house in a trash-strewn alley, with no job, no money, five children younger than 14 and an unemployed husband who is laid up with chronic heart problems. “We are at the bottom,”...

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