Overhauling Global Finance

The UN’s Stiglitz Commission is calling for short-term economic stimulus measures to help introduce, and above all not obstruct, required long-term changes.

World Bank Corruption

The Bank’s management tried to stifle an internal report that found that its funds are vulnerable to theft and diversion.

U-20: Will the Global Economy Resurface?

Like an injured German U-Boat, the global economy continues to sink. Columnist Walden Bello asks: Can the G-20 meeting bring it back to the surface before we all perish?

Fixing the IMF

World powers can’t rely more on the International Monetary Fund to buffer the impact of the economic crisis on poor nations unless they fix many of the Fund’s flaws first.

Obama: Sweep Away a Free Trade Relic

Among the most embarrassing, yet often overlooked economic policies of the Bush and Clinton years was the penchant for making other countries restrict capital controls, even though such controls had proved effective against financial volatility.

The Coming Capitalist Consensus

The Coming Capitalist Consensus

Economic and political elites are converging on Global Social Democracy as a solution to the current economic crisis. Columnist Walden Bello offers a timely critique of this new consensus.

Green Paper Gold

Here’s an innovative way to tackle the economic crisis and global warming in one sweeping proposal.

Drawing the Future From the Past

Since the end to the U.S. wars in Southeast Asia, many other wars have been waged, in other parts of the world, in new terrain, villages, and communities. Yet, the wars in Southeast Asia lingers.

Assessing the G-20 Declaration

This contradictory document identifies financial institution failures and calls for new regulatory measures, and at the same time, salutes the free market and some of the institutions behind the financial and economic crisis.