“A good idea always goes through three phases: it is declared stupid in the first phase, it is fiercely fought in the second phase, and it is implemented in the third phase.“
There is an extraordinary strong support of civil society in Europe for the Financial Transaction Tax (FTT). This reflects a general trend in public opinion. Not only many politicians – Merkel, Sarkozy, Brown, Barroso – have supported the FTT, there is – like all opinion polls show – an overwhelming majority of people who want to see finally some substantial steps towards a strict regulation of financial markets and towards making pay the financial industry – at least partly – for the damage they have caused. By Peter Wahl*)
Just two recent examples: within a few weeks a formal online petition for a hearing on the FTT at the German Bundestag passed easily the quorum of 50.000 signatures, reaching 66.000. At the international Berlin film festival Berlinale, which ended last weekend, a video with two famous German movie stars advocating the FTT was presented and reached the top ranking of youtube after only three hours (www.steuergegenarmut.de). The FTT has left the narrow circles of some expert NGOs and has become a real public issue ... ... this article will come up in WDEV 1/Jan-Feb 2010 and is for subscribers only. For direct log in >>> click here.If you have no subscription >>> pick your option or >>>
At first glance, everyday life seems not to have changed in Istanbul. The streets are congested; people hurry to the ferry or the bus. For weeks, there has been no terror attack. Nevertheless, there are some visible changes. There are much more policemen in the streets. In some days, the Istiklal Caddesi, the main shopping street on the European side, seems to be under a state of siege. At every street corner, there is police van with the blue light switched on.
Recent disturbing trends in international finance have particularly problematic implications, especially for developing countries. The new United Nations report, World Economic Situation and Prospects 2017 (WESP 2017), is the only recent report of a multilateral inter-governmental organization to recognize these problems, especially as they are relevant to the financing requirements for achieving the Sustainable Development Goals (SDGs).
The Trump government signals unequivocally the end of international US hegemony. An international hegemon is able to define rules that find relatively broad acceptance internationally and plays a role in safeguarding international economic stability. The Trump government announced measures that go against the present economic rules while not proposing new ones.
The global deficit in quality jobs and deteriorating economic conditions in a number of regions threatens to undo decades of progress in poverty reduction, warns a new report by the International Labour Organization (ILO), the World Employment and Social Outlook (WESO) 2016.
Weakening of workers' rights in most regions is being aggravated by severe crackdowns on freedom of speech and assembly, according to the 2016 Global Rights Index. Restrictions on freedom of speech and assembly, including severe crackdowns in some countries, increased by 22%, with 50 out of 141 countries surveyed recording restrictions.