Global Poverty: More Big Business Is Not the Solution

Common Dreams
“Instead of holding these companies to account for their actions,” says John Hilary, executive director of War on Want, a UK-based anti-poverty group. “Gordon Brown has allowed them to portray themselves as allies in the fight against poverty. The prime minister should be working to address the poverty and human rights problems caused by business, not giving the companies a free ride.” More

World Bank Carbon Plan ‘A Protection Racket’

Source – One World UK
Carbon credits are a key component of national and international emissions trading schemes that have been implemented to mitigate global warming. They provide a way to reduce greenhouse effect emissions on an industrial scale by capping total annual emissions and letting the market assign a monetary value to any shortfall through trading. Credits can be exchanged between businesses or bought and sold in international markets at the prevailing market price. Credits can be used to finance carbon reduction schemes between trading partners and around the world. More

Amazon region to host the World Social Forum 2009

The social movements and non-governmental organizations from the Amazon region requested request that the Amazon region host the 2009 World Social Forum in Belem. This is in an area of different political, cultural and environmental aspects. Climate Change is a world wide issue and the Amazon region is the planet’s last forest frontier. In addition, it has the planet’s most valuable freshwater resources, biodiversity and great social diversity, which is represented by its traditional populations and indigenous peoples. More

Food Crisis Reverses Middle Class Trend in Latin America

Food Crisis Reverses Middle Class Trend in Latin America – New America Media
The food crisis in Latin America is eroding the spending power of the new middle class, and with it, their optimism in the future of the region’s economy. In Latin America, the global food crisis has done more than just trigger protests and force governments to scramble for stopgap solutions. The crisis has begun to reverse the most positive regional trend of recent years: the decline of poverty and the nascent emergence of a new middle class. More

Multinationals make billions in profit out of growing global food crisis

Multinationals make billions in profit out of growing global food crisis – The Independent
Speculators blamed for driving up price of basic foods as 100 million face severe hunger. Monsanto reported net income for the three months up to the end of February this year had more than doubled. Cargill’s net earnings soared by 86 per cent and Archer Daniels Midland increased its net earnings by 42 per cent. More

Globalization is good for you

Globalisation is good for you – Red Pepper
Many socialists look to the state as the decisive instrument of social change. Nigel Harris argues that, on the contrary, nation states, with their priorities and resources focused on maintaining power through military might, hold back the reduction of poverty. He insists that globalisation, despite all of its ambiguities, is essentially a liberation from the shackles of the competing nation state. We have to look to NGOs and social and labour movements to constrain the market, he says.