Search results for ""Author Walden Bello""

Hunger and malnutrition stalk the countries of the South. Over the last twenty years, as the populations of these countries have increased, so too has mass poverty on a grotesque scale. In this fiercely critical study of Western aid giving, Walden Bello offers a persuasive argument that recolonisation of the Third World has been carried out through the agencies of the International Banks. Bello argues that neoliberalism or doctrinal free-market ideology came to power in the United States with an agenda to ‘discipline the Third World’ and the consequences of such a policy has resulted in lower barriers to imports, the removal of restrictions on foreign investments, privatisation of state owned activities, a reduction in social welfare spending, wage cuts and devaluation of local currencies. Recipients of ‘structural adjustment’ loans from the West, have been forced to accept these polices, with disastrous consequences. Hailed as a classic study of global poverty, Dark Victory is now reissued with a substantial new epilogue by the author.

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Emerging relatively unscathed from the banking crisis of 2008, China has been viewed as a model of both rampant success and fiscal stability. But beneath the surface lies a network of fissures that look likely to erupt into the next big financial crash. A bloated real-estate sector, roller-coaster stock market, and rapidly growing shadow-banking sector have all coalesced to create a perfect storm: one that is in danger of taking the rest of the world’s economy with it. Walden Bello traces our recent history of financial crises – from the bursting of Japan’s ‘bubble economy’ in 1990 to Wall Street in 2008 – taking in their political and human ramifications such as rising inequality and environmental degradation. He not only predicts that China might be the site of the next crash, but that under neoliberalism this will simply keep happening. The only way that we can stop this cycle, Bello argues, is through a fundamental change in the ways that we organise: a shift to cooperative enterprise, respectful of the environment, and which fractures the twin legacies of imperialism and capitalism. Insightful, erudite and passionate, Paper Dragons is a must-read for anyone wishing to prevent the next financial meltdown.

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Emerging relatively unscathed from the banking crisis of 2008, China has been viewed as a model of both rampant success and fiscal stability. But beneath the surface lies a network of fissures that look likely to erupt into the next big financial crash. A bloated real-estate sector, roller-coaster stock market, and rapidly growing shadow-banking sector have all coalesced to create a perfect storm: one that is in danger of taking the rest of the world’s economy with it. Walden Bello traces our recent history of financial crises – from the bursting of Japan’s ‘bubble economy’ in 1990 to Wall Street in 2008 – taking in their political and human ramifications such as rising inequality and environmental degradation. He not only predicts that China might be the site of the next crash, but that under neoliberalism this will simply keep happening. The only way that we can stop this cycle, Bello argues, is through a fundamental change in the ways that we organise: a shift to cooperative enterprise, respectful of the environment, and which fractures the twin legacies of imperialism and capitalism. Insightful, erudite and passionate, Paper Dragons is a must-read for anyone wishing to prevent the next financial meltdown.

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Agrofuels were heralded as a key weapon in the fight against climate change, but the deforestation and theft of agricultural land that was essential to farmers in the developing world, suggests that they are doing more harm than good. Francois Houtart argues that the green potential of agrofuels has been hijacked by businesses that put profits above environmental protection. This has led to the absurd situation where an energy source that should be sustainable actually increases human and ecological damage, simply due to the profit-maximising decisions of capitalists rather than a flaw in the concept of agrofuels. Houtart reveals that we need to rethink neoliberalism's relationship to green politics and ask is capitalism compatible with climate change, or do we need to overhaul our economic system in order to save the planet?

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Agrofuels were heralded as a key weapon in the fight against climate change, but the deforestation and theft of agricultural land that was essential to farmers in the developing world, suggests that they are doing more harm than good. Francois Houtart argues that the green potential of agrofuels has been hijacked by businesses that put profits above environmental protection. This has led to the absurd situation where an energy source that should be sustainable actually increases human and ecological damage, simply due to the profit-maximising decisions of capitalists rather than a flaw in the concept of agrofuels. Houtart reveals that we need to rethink neoliberalism's relationship to green politics and ask is capitalism compatible with climate change, or do we need to overhaul our economic system in order to save the planet?

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