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Social Unrest in 2022

“Economic protests in 2022 were generally short-lived: approximately one-half lasted a week or less, while under one-third lasted longer than a month. In four of the five preceding years, only about 20 percent of economic protests lasted a week or less… neither the economic crises of 2020 (related to supply chains and labor shortages), nor those of 2022 (concerning rising prices of fuel and food) pointed to clear solutions that would give protests staying power in the streets.”

Of course, Peter Gelderloos has a point, below: “The economistic, quantitative analysis that claims our resistance begins with economic downturns shares more in common with the gaze of those hired to dissect revolt than with the gaze of those who participate in it.”

Nevertheless, given that public opinion too regularly gives up on popular movements and mass action, preferring instead to foster a savior complex with great leaders parachuting in, this reflection of people’s power and fury should be affirming.)

https://carnegieendowment.org/publications/interactive/protest-tracker

Looking back at 2022

The ILO looks back at the advances in terms of social justice in 2022:

2022: Advancing social justice in a world in crisis (ilo.org)

Needed Global Financial Reforms Foregone Yet Again

Once crises subside, calls for more regulation, intervention and reform quickly evaporate as the government is told to withdraw. New financial opportunities are touted, instead of needed reforms.

Read the article by Jomo Kwame Sundaram

A Century-long struggle for Equality

Turkey’s withdrawal from the Istanbul Convention has further united women’s movements across the country, challenging the politics of the ruling AKP.

Read the article

Colombia will tax the wealthy!

President Gustavo Petro’s government plans to raise $20 trillion Colombian pesos through a hyper-targeted tax on less than one percent of the country’s top earners. Other nations should take notice.

How Colombia Will Tax the Wealthy – Inequality.org

It is time to give indebted countries a new start

We may disagree with some arguments in this OECD/Development matters article, but yes, the debt problem needs an urgent solution! And poor countries do indeed need a new start!

Energy Transition or Development? Do developing Countries need to Choose?

Countries with low access to energy and minimal contributions to greenhouse gas emissions are being asked to prioritise the low-carbon transition over economic growth.

Is this fair? Will the benefits of switching to net-zero outweigh the costs?

From an OECD Conference – read the article

The World Bank’s definition of ‘universalism’ … ???

What Global Social Justice already questioned in January 2019 is now becoming mainstream in the NGO world:

From the Bretton Woods Project:

“The Covid-19 pandemic and its related shocks have revealed the value of public services and social protection floors. Institutions tasked with ending poverty like the World Bank are increasingly under pressure to support vital public services and play a key role in wider universal social protection (USP) discussions. The World Bank recently released its latest commitment to social protection: A Social Protection and Jobs Compass to “chart a course towards USP,” which provides guidance to Bank staff on jobs and social protection issues.

Following a limited consultation process, civil society were eager to respond to the Compass. Lena Simet of Human Rights Watch concluded that the Compass guidance note, “makes a strong commitment to USP. However, its guidance on how countries can get there is problematic.”

The Bretton Woods Institutions (BWIs) have long been challenged on their claims of being pro-poor in their approach to social protection. A wealth of evidence has highlighted the flaws of the targeted approaches to social protection preferred by the BWIs, such as Conditional Cash Transfers (CCTs), which have been shown to be ineffective at reaching the poorest – as the Bank itself acknowledged – prone to corruption, and less likely to protect human rights than universal schemes.

Instead of simply dismissing public social insurance and potentially creating costly parallel structures, we call on the World Bank to support countries in adapting their social security systems to be more inclusive.
DR LAURA ALFERS, WIEGO
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Tax Super Profits to beat Inflation and Defend Rights

Pandemics, wars and recessions do not exempt states from human-rights commitments. They must tax multinationals and the richest more to protect the most vulnerable.  (Magdalena Sepúlveda)

Read the article

super-profits,tax,energy,multinationals,rich,billionaires
One in eight people in sub-Saharan Africa are ‘food insecure’ (Riccardo Mayer / shutterstock.com)

The crypto-world is crumbling

The next time a speculative bubble is massively inflating around a fancy new asset like cryptocurrency and financial carnival barkers are screaming it will change everything, remember NFTs. Read Jacobin’s article on Bankman-Fried: After Sam Bankman-Fried’s Downfall, the Entire Crypto Fantasy Is Rapidly Unraveling (jacobin.com)

And read these lines on another ‘Petuland Plutocrat’:

“Another week, another spectacular crypto flame-out, this time the bankruptcy filing of cryptocurrency’s BlockFi, the latest “black eye,” the Wall Street Journal reports, for one of crypto’s biggest boosters, the billionaire investor Peter Thiel. Back in 2018, this self-styled Silicon Valley “disrupter” declared that “getting too late and too little in bitcoin” amounted to his “biggest mistake.” This past April, Thiel lashed out at crypto skeptics and told a Miami conference that bitcoin amounted to a “revolutionary youth movement.” One of those “revolutionaries,” Thiel protégé Blake Masters, won the Republican U.S. Senate primary in Arizona this past summer declaring that “psychopaths are running the country.” Masters lost his November race handily. A year ago, Thiel dubbed crypto “the most honest market we have.” The crypto universe is telling us, he added, that our “decrepit” ruling political world stands “just about to blow up.” What’s actually blowing up has turned out to be the speculative get-rich-quick crypto. Thiel has so far refused all comment on that blow-up.”

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