Debt, austerity and devastation: it's Europe's turn. But in this special debt issue of the New Internationalist magazine, celebrated author Susan George gives a spirited lashing to European leadership, accusing it of being entirely subservient to the desires of finance and the largest corporations. "European leadership is brain-dead, ignorant of economics and needlessly committing economic suicide" she writes.
NOTE: The one year print subscription will start with three free issues - the special issue on Debt, plus two other recent issues. You'll also receive a fascinating free DVD about the bias inherent in world maps. GUARANTEE: Your three free magazines and DVD are yours to keep, even if you decide to cancel and receive a refund for all undelivered issues of your subscription.
Cheaply buying up "bad" debt owed by countries in distress and aggressively suing for full payment plus compound interest - that's the modus operandi of the secretive companies known as vulture funds. We examine the cases of Greece, DR Congo, Peru and Zambia. In our previous issue, we described in detail Argentina's life decade-long battle with the vultures. Little wonder that debt campaigners are urgently calling for new international rules to control the destructive activities of these vulture funds.
While bailout conditions impose austerity on debt-stricken southern European economies, demands to tighten the belt on military spending are not so vocal. According to a recent report from the Transnational Institute (TNI), the German government, while demanding social cuts, has been lobbying behind the scenes against cuts to military spending in countries such as Greece, because of concerns for its own arms industry and the debts it's owed. Where cuts to military spending are being made, it's mostly to personnel and wages - not what the TNI calls "toys for the boys".
Rising public consciousness of equality politics is reinforcing the campaigns for alternative strategies against debt and austerity. The magazine provides helpful links to organisations and campaigns, plus some great suggestions for further reading.
In 2013 the New Internationalist magazine won its 9th annual global Independent Media Award for best independent international coverage of the big issues of our time. We provide an alternative viewpoint for those who care about the future of the planet and its people. But we can only continue this hugely important work with subscriber support. Thank you.
ISBN / Barcode: 9770305952014
The New Internationalist brings to life the people, the ideas and the action in the fight for global justice.
New Internationalist keeps me focussed on the realities of the wider world and helps to keep my rushed life in perspective.
I want to congratulate you on the fantastic job you do with New Internationalist Australia. New Internationalist is about the only remaining forum of journalistic integrity and genuine humanity that is commonly available in Australia. I'm also very impressed with your New Internationalist shop. The products are fantastic and speak of the quality and dedication of their manufacturers. The stories attached to the products are very inspiring and uplifting. Please keep up the great work.
The New Internationalist magazine has won the Media Peace Prize, awarded for an outstanding contribution to world peace and development.
I've always been profoundly impressed by the quality of its research and its writing and how readily accessible it makes otherwise complex world affairs. Each of its ten annual editions is a short course in something profound.
New Internationalist supports Fair Trade producers like The Chetna Organic Cotton Project. Fair Trade promotes a fair wage and fair working conditions, encouraging developing world producers to help themselves.
A little about The Chetna Organic Cotton Project: Say NO to pesticides that poison three million people every year, and help make trade fairer at the same time.
New Internationalist Australia is a member of the World Fair Trade Organization, which means we have to stock a percentage of Fair Trade products, and also adhere to Fair Trade practices ourselves. Great for supporting producers rights, and also for our staff.
Sign-up for our free monthly email newsletter. We'll update you on new products that have just arrived and sales items.