The governments of India and South-Africa backed by about 100 countries and counting are calling for a waiver on patents over COVID-19 related medicines and equipment. Headquarter countries of Big Pharma are opposing it. The debate is going on at the WTO and will be decided soon.
Tag - Lynn Fries
Innovation in renewable energy, in the public interest, is urgently needed. The financial sector is deeply compromised and cannot be relied upon to invest in effective technologies that are manufactured, rolled out, and make a difference to our energy emissions. Peter Drahos joins Lyn Fries of...
Peter Drahos’ Survival Governance: Energy and Climate in the Chinese Century shows why US corporate-centric strategies, from shale production to carbon capture are a failure. A radically different model has to be embraced.
Deborah James on why we need to pay attention to proposed changes in global rules. Big Tech works to ensure technology and world trade operate for their benefit post-COVID and beyond. GPEnewsdocs.
Jan Kregel explains the fundamental problem with the economic system is its focus on providing finance to investors. Hyman Minsky, who understood that financial instability is inherent to capitalism, proposed changing the economy’s objective to employment.
Prabhat Patnaik reflects on the COVID-19 shock that has worsened the crisis triggered by globalized finance. Only two possibilities emerge: restructure capitalism by controlling finance, or let the tendencies towards very coercive forms of fascism grow.
Robert Pollin advocates a macroeconomic agenda centered on full employment. The decades long neoliberal attack on the working class is heightened with COVID-19. The world needs a New Deal to counter levels of unemployment and inequality last seen in the Great Depression.