Ever since the beginning of the current global economic crisis, the focus of both critical analysis and public odium has been speculative capital. In the populist narrative, it was the breathtaking shenanigans of the banks in an atmosphere of deregulation that led to the economic collapse. The “financial economy,” characterized as parasitic and bad, was contrasted to the “real economy,” which was said to produce real goods and real value. Resources flowed into speculative activities in finance, resulting in a loss of dynamism in the real economy and eventually leading to credit cutoff at the height of the crisis, causing bankruptcies and massive layoffs.
Questions remain about how well Nigeria’s government will manage public dissatisfaction, ethnic and religious divisions, and violent resistance from the Islamist Boko Haram movement.
Jeffrey Sachs has seen his economic theories been applied to disastrous effect.
Iraqi oil was always foremost in the minds of neocons.
Nuclear energy political operatives have been smearing Nuclear Regulatory Commissioner Gregory Jaczko.
Germany towers over Europe like a colossus. Its economy is the biggest in the European Union, accounting for 20 percent of the EU’s gross domestic product. While most of Europe’s economies are stagnating, Germany’s will have grown by some 2.9 percent in 2011. It boasts the lowest unemployment rate, 5.5 percent, of Europe’s major economies, compared to those of France (9.5 percent), the United Kingdom (8.3 percent), and Italy (8.1 percent).
The leading tagline of the Occupy Wall Street movement reads: “Protest for World Revolution.” This is an ambitious claim, to be sure. And in most respects it seems to ring quite true: the movement has successfully taken root not only in cities and towns throughout the United States but also in major urban centers around the world. On October 15, Occupy Wall Street’s success inspired a broad wave of coordinated occupations across Europe.
But the Occupy movement has been notably absent outside of North America and Europe.
Hackers may soon cause massive disruptions in the oil industry.
Concerns about its support for the Taliban led Dakota Meyers to object to sales to Pakistan by the defense company for which he worked.
Over 70 percent of Burma’s FDI has come from China, largely for development projects in ethnic-minority regions. These projects, along with smaller initiatives worth millions if not billions of dollars more in undocumented investment, have now brought tensions in ethnic regions to a boiling point. In turn, such tensions have led to the breakdown of a handful of ceasefire agreements between ethnic armed groups and the government army, which, incidentally, receives the majority of its weaponry from China.