News and Features
A man can be rich, but only a nation can be wealthy. And if anyone
suffers from poverty, our whole country bears the shame.
Newly elected advocates of fair trade in the House and Senate could
reverse the free-trade absolutism of the Clinton and Bush years.
Milton Friedman's free-market faith produced a bastardized system of
interest-group politics that favors sectors of citizens at the expense
of many others.
Although the United States itches to do away with Hugo Chávez, his socialist
policies are alleviating poverty and earning the people's trust. To
Bush's chagrin, the Venezuelan leader is here to stay.
Nobel Peace Prize winner Muhammad Yunus has helped a lot of poor women, but
the basic problem in developing countries is landlessness. A $130
microloan won't solve that problem.
The Swedish Academy bestowed this year's Nobel Peace Prize to Muhammad Yunus, the father of microcredit. It's easy to believe Yunus's low-interest loans to the poor are a silver bullet against global economic injustice. But it's not that simple.
As election day approaches, don't expect a reasoned discussion of
economic policy between the two parties. A barrage of
quips and one-liners have taken the place of detail and fact in
Every person on this year's Forbes 400 list of America's richest people is a billionaire, who collectively possess about $1.25 trillion. Imagine how many Congressmen that will buy.
As China's economy surges forward, so does the pileup of social
contradictions: pollution, migration, crime and family dysfunction.
Before the storm, neoliberalism shaped the social and economic
inequities of New Orleans; after Hurricane Katrina, it worsened them
by making government the tool of corporations and investors.