The draft intellectual property (IP) rights chapter of the Trans-Pacific Partnership (TPP) agreement being negotiated between the US and 11 Pacific nations was published by Wikileaks on 9 October. The 60-page document covers topics that economists normally don’t worry about:…
IMF calls for greater influence for developing nations
The IMF in a seminal paper published on 2 October ahead of its annual meeting in Lima next week has called for a radical change in the governance of the fund to reflect the growing importance of emerging and developing…
Kellner and capitalism
In a piece published on 28 September in the weekly New Statesman magazine, YouGov president and former journalist Peter Kellner said the Labour Party is at a historic turning point due to the election of Jeremy Corbyn as its leader.…
New thinking to promote infrastructure investment
Physical infrastructure and electronic and other processes are essential for value-creation, particularly in the intangible economy. People can’t create value unless they can interact and the greater interaction, the greater the value-creation. Roads, railways, metros, seaports and airports are among…
Tax and intangible capital
Labour leader Jeremy Corbyn says increased spending on essential services and infrastructure could be financed by reducing the amount of tax avoidance and evasion, mainly by companies doing business in the UK. Blogger and tax expert Professor Richard Murphy argues…
Postcapitalism: what does Paul Mason really mean?
In an article in The Guardian on 17 July presaging the publication of his book about the topic, UK television reporter Paul Mason outlined a theory of postcapitalism that suggested that the existing world order is collapsing. Mason’s analysis is…