capitalism

By Martin Hart-Landsberg

June 12, 2011 -- Reports from the Economic Front, posted at Links International Journal of Socialist Renewal with the author's permission -- More than 3000 participants from 183 countries are attending a two-week UN sponsored climate gathering in Bonn, Germany.  The talks are supposed to help prepare the agenda for COP 17, or as it is more formally known, the 17th Conference of the Parties of the United Nations Framework Convention on Climate Change (defenders of the environment have renamed the meeting the Conference of Polluters) which will take place November 28 to December 9, 2011, in Durban, South Africa. 

The cost of climate inaction grows worse.  As the Earth Island Journal reports:

Demonstrators in London against government cutbacks, March 26, 2011.

By Dimitris Fasfalis

By Atilio A. Boron

May 24, 2011 – AtilioBoron.com, translated by the tlaxcala-int.org website, via the Bullet -- Perhaps it's one of history's surprises that the popular uprising surging through Spain (and which is beginning to reverberate throughout the rest of Europe) was sparked on the 140th anniversary of the Paris Commune, a heroic moment in which the fundamental demand was also that of democracy. But a democracy conceived as a government by, for, and of the people, and not as a regime serving the interests of patronage and in which the people's interests are inexorably subordinate to the imperative of business profits.

By Danielle Sabai

May 9, 2011 -- Asia Left Observer, posted at Links International Journal of Socialist Renewal with permission -- Located in the largest delta at the world, where two Himalayan rivers, the Brahmaputra and the Ganges, converge and flow into the Bay of Bengal, Bangladesh is used to climatic catastrophes. Half of the land area of Bangladesh is less than 10 metres above sea level. It consists mainly of silt deposited by the rivers that flow down from the Himalayan glaciers. When the snow melts it regularly causes large-scale floods. The coast is at the mercy of cyclones and giant waves which submerge the coastal areas.

Maize farmers in Malawi.

Africans who spend between US$2-$20 a day are now "middle class", says the African Development Bank chief eco

John Bellamy Foster, renowned US economist and ecologist, editor of the US socialist journal Monthly Review and author of The Ecological Rift, The Ecological Revolution, The Great Financial Crisis (with Fred Magdoff), Marx’s Ecology; Ecology Against Capitalism, and The Vulnerable Planet, will be a featured international guest at the second World at a Crossroads: Climate Change – Social Change Conference, Friday, September 30 – Monday, October 3, 2011, Melbourne University.

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Review by Simon Butler

The Ecological Rift: Capitalism’s War on the Earth
John Bellamy Foster, Brett Clark and Richard York
Monthly Review Press, 2010
544 pages

Read an excerpt from The Ecological Rift HERE.

By Tim Anderson

April 30, 2011 -- The proposal for a carbon tax raises the issues of tax equity and political strategy. Yet despite their inter-relatedness, we need to disentangle these issues to focus on the original question. As a mean of addressing climate change, the carbon tax proposal comes in the context of difficult global negotiations, where almost any proposal has been seen as a breakthrough, and where (after the last financial derivatives bubble) there is justified suspicion of emissions trading schemes.

In Australia the political context includes a narrow, two-party debate which has reverted to tax incidence, with both major parties basically captured by the major investor groups and Labor having recently been humiliated over a failed proposal for a new mining tax. Into this mix we have the Greens, presenting as an alternative, yet signing an accord with the Labor government over its carbon tax.

I would like to briefly touch on the tax equity issue, before moving to the carbon tax and then to the question of political strategies.

Tax equity

Grameen Bank's Muhammad Yunus (right) with Bangladeshi women. The promised empowerment and poverty reduction failed to eventuate.

By Patrick Bond

April 27, 2011 -- Links International Journal of Socialist Renewal -- Bangladesh’s once-legendary banking environment is now fatally polluted. The rot is spreading so fast and far that the entire global microfinance industry is threatened. Controversy ranges far beyond poisonous local politics, the factor most often cited by those despondent about Grameen Bank’s worsening crisis.

By Patrick Bond

April 24, 2011 -- Links International Journal of Socialist Renewal -- South Africa’s most vocal neoliberal politician, Trevor Manuel (pictured above), has just been named as co-chair of the Green Climate Fund. On April 28-29, 2011, in Mexico City, Manuel and other elites met to design the world’s biggest-ever replenishing pool of aid money: a promised US$100 billion of annual grants by 2020, more than the International Monetary Fund (IMF), World Bank and allied regional banks put together.

The Climate Justice lobby is furious because, as the network of 90 progressive organisations wrote to the United Nations, “The integrity and potential of a truly just and effective climate fund has already been compromised by the 2010 Cancún decisions to involve the World Bank as interim trustee.” A Friends of the Earth International study earlier this month attacked the World Bank for increased coal financing, especially $3.75 billion loaned to South Africa’s Eskom a year ago.

[The following article was provided by Cairo-based Australian journalist Austin Mackell and first appe