By ALAN HART THE idiot of the headline is me in the sense that I am not an economist and have never had any formal association with study of the theory and practise of economics, but… I began to understand why what is today called Western capitalism was bound to crash way back in the [...]
By WILLIAM BLUM WHEN the Vietnam War became history, and the protest signs and the bullhorns were put away, so too was the serious side of most protestors’ alienation and hostility toward the government. They returned, with minimal resistance, to the restless pursuit of success, and the belief that the choice facing the world was [...]
THE gap between earnings by the rich and the poor is the widest in 30 years, the OECD said in a report released Monday. The Organization for Economic Co-operation and Development said the average income of the richest 10 per cent in OECD nations is now nine times the average income of the poorest 10 [...]
By REID MUKAI THE dominance of neoliberal policies has made our world a crony capitalist dystopia. Wall Street connected legislators give multi-trillion dollar bailouts to big banks and corporations as war-profiteers continue to reap benefits of both a “War on Terror” and “War on Drugs” costing trillions more taxpayer dollars. Infrastructure of cities and towns [...]
By DR JAVED JAMIL Excerpts from The Devil of Economic Fundamentalism: Justice Crucified THE relative mildness of punishment coupled with progressively lengthening procedures in trial before the pronouncement of the final verdict had presumable effects. The rate of murders and other crimes began to show an upward trend. It continues unabated till now in almost [...]
By NUSRAT ALI Let’s Back to Islam’s Interest-Free Economic System THERE was a time when the world was divided into two blocks: on the one hand there was the Soviet Union, which claimed the tall achievements of the Communist system for reducing the gap and creating equality among the humans, and on the other hand [...]
By FRANK SCOTT WHAT began in Tunisia and was dubbed an Arab Spring has spread to the rest of the world, seemingly for different reasons in different places but slowly becoming one vast movement toward democracy and the political economic transformation necessary for humanity’s survival. But while this hopeful sign of people on the move [...]
DR JAVED JAMIL Excepts from The Devil of Economic Fundamentalism by Dr. Javed Jamil IN terms of purely literal connotations, “fundamentalism” denotes nothing more than strict adherence to and endeavours to propagate, often by undesirable means, a specific set of ideas; those that follow the ideology are called “fundamentalists”. It follows that it would be [...]
PRESS TV AT least 35 people have been killed after US assassination drones launched aerial attacks in southern Somalia near the border with Kenya, Press TV reported. A Somali military official, speaking on the condition of anonymity, told Press TV that the remote-controlled aerial vehicles struck the outskirts of Kismayo, a strategically important port city [...]
By JIM McCLUSKEY WAR has been problematic since Roman times, especially after the rise of Christianity. “Thou shalt not kill” did not seem to leave much wriggle-room. Yet it was recognised that people have a right to defend themselves when under lethal attack. St Augustine suggested a solution in his theory of a Just War. [...]
