Spotlight on Geopolitics

Archives for neoliberalism

The IMF’s semi-annual meeting in Washington this weekend has failed to produce concrete proposals aimed at avoiding a currency war. The unrealistic pressure put on China to allow the yuan to suddenly appreciate by 20 percent has been strongly resisted by Zhou Xiaochuan, the Chinese central bank’s governor. He had good reason to do that:… » read more

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The sovereign debt crisis, which started in Greece, has engulfed Spain, Ireland, Portugal and even Poland and Romania, EU members that are not yet part of the eurozone. The recent Toronto meeting of Western heads of state has sadly contributed to aggravating matters, as it mandated participating political leaders to cut their countries’ budget deficits… » read more

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Not all parliamentary elections are as important as those in Venezuela, where control of the parliament amounts to controlling the country’s large oil and gas reserves. On September 28 the Venezuelan electoral commission has communicated the uncontested results of the process: Chavez’s ruling party won 90 out of a total of 165 seats, with the… » read more

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On October 3rd, Brazilians will go to the polls to elect a new president, after the hugely popular presidency of Mr Luiz Inácio Lula da Silva. During his two terms in office, Brazil has become a dynamic and widely respected – by friends and foes alike – economic power, as well as Latin America’s diplomatic… » read more

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Neoliberalism’s Ugly Legacy

30 years have passed since the launching of the Thatcherite revolution in Britain. From its very inception I was in a position to witness firsthand, in Australia, how the neoliberal agenda was sold to an unsuspecting Western public. It is high time today, when neoliberalism’s basic theoretical tenets have led the world onto a blind… » read more

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Most of us over forty remember how it all started. The first neoliberal victories won by Margaret Thatcher in Britain led to the near collapse of the British trade union movement. The victory against Soviet-style communism and the fall of the Berlin Wall have led to ten years of economic euphoria in the West, resulting… » read more

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Last week’s Davos Economic Forum became a center stage for condemning casino capitalism in earnest. The most comprehensive critique came from French President Nicolas Sarkozy. His attacks on Wall Street bankers’ misdeeds and unreasonable bonus packages were combined with a call for the organisation of a second Bretton Woods conference. The stated objective was to… » read more

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In the first quarter of 2009, eurozone economies have contracted for the first time in 60 years by around 2.5 percent. Unemployment is expected to rise to around 10 percent of the workforce by 2010, while consumption of goods and services has decreased accordingly. All across the continent, car makers, builders and exporters are feeling… » read more

Posted by Spotlight on Geopolitics