Submitted by sarahadams on
The year 2020 has caused many white people to realize we live in a racist system. The Green New Deal is about systemic change for all, and deconstructing racism must be front and central in this agenda.
Submitted by sarahadams on
This last installment in a series looks at what the IMC has done, ahead of this weekend's conference, to maintain power among the world's most influential bodies controlling economic, financial and monetary affairs.
Top financiers at the International Monetary Conference engineered so-called "aid packages" for crisis-hit developing nations that were, much like today, nothing more than bailouts for the big banks.
Two years before the 1982 debt crisis erupted, the world’s top bankers met secretly in New Orleans and warned that a “safety net” may be needed to bail out the major banks which lent money to the developing world.
This four-part Global Power Project series takes on the secretive meeting of global financiers happening in June at the International Monetary Conference in Munich.
"I think the economic logic behind dumping a load of toxic waste in the lowest wage country is impeccable and we should face up to that," wrote Lawrence Summers while serving as Chief Economist at the World Bank. He is now in the G30.
From Jean-Claude Trichet and Mario Draghi to Jaime Caruana and Kenneth Rogoff, proponents of austerity politics run in some of the world's elite circles where they have pushed illogical and unsuccessful economics to its inevitable conclusion.
What makes the G30 so important is not only that they are taken seriously by policymakers and market "participants" – but that the very individuals making the recommendations are in positions of power to directly implement or support those recommendations.
Emerging from the Rockefeller Foundation in the late 1970s, the Group of Thirty was designed as a think tank, lobby/industry group and, ultimately, a consensus-building institution for the global elites – to ensure that they stayed that way.
Institutional and imperial power structures have never been more globalized or concentrated in human history; yet, simultaneously, never have they been under more threat from an awakened humanity. Zbigniew Brzezinski says there's no going back.
The relationship between the powerfully connected Institute of International Finance and global central bankers goes well beyond the timid attempts at “regulation” on the part of global banks, as this third segment in the IFF series reveals.
The year 2020 has caused many white people to realize we live in a racist system. The Green New Deal is about systemic change for all, and deconstructing racism must be front and central in this agenda.
By infecting three of the world’s most right-wing leaders, the coronavirus underscored not only the incompetence and irresponsibility of their governments – but the truth that their brand of populism doesn't keep people safe.
Corporations are not "too big to fail" and, when they commit crimes, they are not "too big to jail." As David Whyte writes in his new book, "Ecocide: Kill the Corporation Before It Kills Us," the moment is now to rein in out-of-control corporate power.
The world has lost an incredible thinker and doer. I have lost an amazing friend. A void exists where before it was filled with David's optimism, humour and joy.
Kevin fought to bring truth every day. We must not lose this struggle.
The year 2020 has caused many white people to realize we live in a racist system. The Green New Deal is about systemic change for all, and deconstructing racism must be front and central in this agenda.
By infecting three of the world’s most right-wing leaders, the coronavirus underscored not only the incompetence and irresponsibility of their governments – but the truth that their brand of populism doesn't keep people safe.
Corporations are not "too big to fail" and, when they commit crimes, they are not "too big to jail." As David Whyte writes in his new book, "Ecocide: Kill the Corporation Before It Kills Us," the moment is now to rein in out-of-control corporate power.
The world has lost an incredible thinker and doer. I have lost an amazing friend. A void exists where before it was filled with David's optimism, humour and joy.
Kevin fought to bring truth every day. We must not lose this struggle.