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
Since the tsunami disaster in South Asia in December of last year, the bourgeois media have paid a lot of attention to the misery and poverty of the Third World. Many people, including British Chancellor of the Exchequer Gordon Brown, have called for the cancellation of Third World debt. Will this actually be done, and if so, what would it really achieve?
The G8 countries are to meet at Gleneagles in July. In the build up to this summit the Blair government has been making a lot of noise about debt relief. But instead of going down the debt of the underdeveloped countries keeps going up. Mick Brooks looks at why this is happening.
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.
As the G8 summit approaches the focus of the entire world is on Third
World debt. G8 leaders are expected to announce the cancellation of
debt for 18 of the world's poorest countries. Will this gesture
actually achieve anything, or is it simply an attempt on the part of
the imperialists to clean up their image?