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‘There is no alternative to socialism’

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‘There is no alternative to socialism’

Posted by | Dec 18, 2008 |

by SMITU KOTHARI & BENNY KURUVILLA

Interview with Egyptian economist Samir Amin.

SMITU KOTHARI

Samir Amin: “It was the financial corporations that asked the governments to step in and ‘nationalise’ them. The rescue package was drafted by them, and they are in control of most of the bailout money.”

The financial crisis continues to spread rapidly across the world, crippling banks, stock markets and manufacturing industries and leaving hundreds of thousands jobless in its wake. Two days after the much hyped meeting of the Group of 20 in Washington, D.C., economist Samir Amin shared his insights into and analysis of the arduous road ahead for economic globalisation and the urgent need for a course change from capitalism and the possibilities of a new internationalism in the form of a Bandung II initiative.

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World Bank casts its dark shadow over G8

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World Bank casts its dark shadow over G8

Posted by | Jul 7, 2008 | ,

MEDIA ADVISORY: Friends of the Earth International, La Via Campesina, Focus on the Global South

HOKKAIDO, Japan July 7, 2008 – The World Bank is officially launching its “climate investment funds” backed by Japan, the US and the UK during the G8 meeting in Hokkaido, Japan, 7-9 July.

The funds – which have already been criticised by developing country governments – will be used to finance so-called clean technology including coal and agrofuels, loans for adapting to climate change and to set up carbon trading schemes that allow industrialised countries to buy their way out of emission reductions.

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