James5

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Eco, Social and Legal Justice

Doha was no development round

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Rodrik’s article in the Guardian makes some good points about the recent failure over Doha. Let’s hope that when things get back on track we can get a real development agenda going and the WTO can start living up to its preamble more.

Popularity: 1% [?]

Zimbabweans using gasoline as money

Barter is alive and well in Zimbabwe, we all know that, it also turns out that petrol vouchers are now being used as a medium of exchange.

Popularity: 1% [?]

Does capitalism lead to democracy?

Free trade advocates have often used the promise of democracy to encourage free trade at any cost. That is, they believe that wealth will naturally lead to a democratic society, so can justify increasing trade with authoritarian states on the basis that this will lead to demands for better governance from a rising middle class. But is that what we are seeing in China? Robert Reich questions this doctrine, pointing out the rise of ‘authoritarian capitalism’ in China rather then the ‘democratic capitalism’ hoped for.

Popularity: 2% [?]

Cap and Dividend the way to go

Tax carbon, refund the profits to everyone. You know it makes sense, and others agree.

Popularity: 2% [?]

Some industries need to fail

According to Peter Gallagher, the government (taxpayers) gave the car industry $1.1 billion last year. That means each “job saved” cost us $300,000. Not sure how he crunched the numbers (that is, if it considered jobs created in subsidiary industries, etc), but that number is pretty astounding. Why not spend that on retraining and re-employment help instead of throwing more money at the industry?

Popularity: 2% [?]

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