Production in the global economy relies on the labour of workers around the world, and the resources of our common planet. But the yields of our production are captured overwhelmingly by a small elite, who determine how labour and resources are used, and how our...
The institutions of global economic governance are highly unequal. The core states enjoy the overwhelming majority of voting power and bargaining power, allowing them to determine the rules of international trade and finance in their own interests. The...
Short description
The global economy is overshooting sustainable levels of material resource use by a factor of two, driving ecosystem damage and ecological breakdown. Not everyone is responsible for this crisis. It is being caused overwhelmingly by excess resource use in high-income...
Not everyone is responsible for climate breakdown. This crisis is being caused overwhelmingly by the global rich, who have extremely high personal emissions and who exert disproportionate control over the economic system.The richest 1% emit more than 100 tonnes of CO2...
Extreme poverty is not a natural condition. It is an effect of economic systems that appropriate labour and resources, or divert them away from meeting local needs in order to facilitate elite accumulation.The rise of capitalism from the 16th century onward, and its...
Debt is often leveraged by international capital to control economic policy in global South countries, and to impose claims on Southern labour and resources.In 1980, the US Federal Reserve hiked interest rates toward 20%. This triggered a crisis across the global...
The ecological crisis poses a forceful challenge to the dominant paradigm of economic growth. In the 21st century, the goal of development must be to achieve strong social outcomes within planetary boundaries.The Human Development Index (HDI) was created in the 1990s...