The Organisation for Economic Cooperation and Development (OECD), the body representing the world's richest 30 countries, has predicted that this year economic growth would be as low as 1% and would be only 1.2% next year. At the same time, capitalist economists forecast that global economic growth this year and next would be the worst for 30 years. The great economic recession of the early 21st century is under way.

The World Trade Organisation has recently held its summit. Their aim was to skulk in Qatar in the Gulf of Arabia, as far as they could get from the 'teamsters to turtles' coalition against all that is wrong about capitalism. An important part of their agenda has been the General Agreement on Trade in Services - GATS, due to come into by the end of 2002. But what is GATS and why do we need to fight it?

In her usual style Naomi Klein provided many interesting facts, but failed to reach any concrete conclusions of how we can or whether it is actually necessary to abolish capitalism. In essence she would like another kind of capitalism, a more humane capitalism, which of course is utterly utopian.

UNICEF has just released its annual report that showed that at least one billion children, half of the world's children, suffer from poverty, war and the Aids epidemic. This figure is in itself a shocking condemnation of the kind of system we live in. The system needs to be overthrown.

A lot of money was spontaneously donated by millions of people to help the victims of the tsunami in the Indian Ocean. The governments were then embarrassed into promising further millions. But will this money reach its destination? And will the governments come up with the promised funds? Originally written in Dutch and for a Belgian public, this article by Erik Demeester gives some revealing statistics about what is really happening and unveils the hypocrisy of the mass media campaign.

Globalisation was supposed to bring progress and prosperity to the Third World. The reality is that it has only brought more poverty and misery.

The G8 is coming to town. During the G8 summit in Gleneagles we will see a whole range of experts and analysts lecturing us about the beauties and the problems of the world market, but that will only be a smoke screen behind which to hide the real issue.

Over the last month we have seen how all the various ideological ‘arguments’ of capitalism have been used to stop people from protesting at the coming summit of the eight most important political representatives of capitalism in the world.

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