Articles
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The Political Consequences of Stagnation
Thursday, September 2, 2010 - 11:41
by Walden Bello
My apologies to T. S. Eliot, but September, not April, is the cruelest month. Before 9/11/2001, there was 9/11/1973, when Gen. Pinochet toppled the Allende government in Chile and ushered in a 17-year reign of terror. More recently, on 9/15/2008, Lehman Brothers went bust and torpedoed the global economy, turning what had been a Wall Street crisis into a near-death experience for the global financial system.
Two years later, the global economy remains very fragile. The signs of recovery...
New Economics for a New Administration
Tuesday, July 27, 2010 - 10:45
by Walden Bello*The dominant feature of the Arroyo administration was pervasive corruption, but its most destructive legacy in the long term will probably be its policy failures. The ascent to power of a new president, backed by a new Congress, provides the opportunity for a fundamental shift in policy in order to end poverty and re-launch the Philippines on the road to development.The policy paradigm of the administration was one it inherited from previous administrations. This was a pro-...
Greece : same tragedy, different scripts
Thursday, July 15, 2010 - 14:53
by Walden BelloAthens. Cafes are full in Athens, and droves of tourists still visit the Parthenon and go island-hopping in the fabled Aegean. But beneath the summery surface, there is confusion, anger, and despair as this country is plunged into its worst economic crisis in decades.Greece, tiny Greece, has been presented by the global media as the epicenter of the second stage of the global financial crisis, much like Wall Street was portrayed as ground zero of its first stage. Yet there is an...
The problem with old, familiar faces
Saturday, June 19, 2010 - 17:15
by Walden Bello
MANILA, Philippines — Public attention has focused, in recent days, on the battle for the helm of high-profile agencies such as the Department of the Interior and Local Government (DILG). In contrast, the maneuvering for the leading positions in the prime economic agencies of government such as the Department of Finance, Department of Trade and Industry, and the National Economic Development Authority (NEDA) has largely unfolded under the radar. Yet economic policy is the arena where the...
Thai intellectuals grapple with issues of democracy and civil unrest
Tuesday, June 15, 2010 - 11:12
By Clarissa V. MilitanteThe dusts from the melee of fleeing Red Shirts and assaulting teams of soldiers have settled, and not even the hint of smoke from the burned buildings could be detected. Bangkok’s residents are now trying to pick up on the routines of their daily lives before the red-shirted protesters mounted mass actions in large sections of central Bangkok from March to May. But for the Thai intellectuals, this seeming lull is a chance to take a more in-depth look at the recent past events...
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