Ha-Joon Chang on why separating politics from economic policies is bad for democracy. What free-market economists are not telling us is that the politics they want to get rid of are none other than those of democracy itself. When they say we need to insulate economic policies from politics, they are in effect advocating the castration of democracy. (Related FPP.)
"What we are now seeing is the break up of Bretton Woods mark 2." The Guardian's economics editor, Larry Elliot, on growing fears of a global depression. [single link op-ed alert]
I was wrong. Free market trade policies hurt the poor. “As leader of the delegation from the United Kingdom [to Seattle in 1999], I was convinced that the expansion of world trade had the potential to bring major benefits to developing countries and would be one of the key means by which world poverty would be tackled... I now believe that this approach is wrong and misguided.”
Underlying the US drive to war is a thirst to open up new opportunities for surplus capital "In a series of packed lectures in Oxford, Professor David Harvey, one of the world's most distinguished geographers, has provided what may be the first comprehensive explanation of the US government's determination to go to war. His analysis suggests that it has little to do with Iraq, less to do with weapons of mass destruction and nothing to do with helping the oppressed. "
"If US drugs policy were a company, it would have gone bankrupt years ago." This, see, is why Bush needs to increase military spending. long before the dot-com era, the same mentality fuelled the War on Drugs: spend now, and hope for profits... well, some time in the future.