Tag Archives: World Bank

Our global economic system is broken. Are we headed for a mass revolt?

How long can billionaires continue to amass wealth while the world’s poorest struggle to buy food?

By Paul Rogers  Published 5-28-2022 by openDemocracy

Screenshot: The Today Show

While it has long been blatantly obvious that the global economic model is not working for all, the rate of accumulation of wealth by a small minority is now breathtaking – if not totally obscene.

With the situation only being worsened by the economic impact of the Ukraine War – which has come on top of the effects of the COVID-19 pandemic – could we be headed for mass revolts sparked by a desperate need for change? Continue reading

Share Button

Tax on Global Mega-Rich Could Help Lift 2.3 Billion Out of Poverty

“The insane reality is that whilst billions face a daily struggle to survive during this pandemic, billionaire wealth is spiraling out of control. This cannot be right.”

By Jake Johnson.  Pubished 1-18-2022 by Common Dreams

Photo: Bryan Ledgard/Wikimedia Commons/CC

A new analysis released Tuesday estimates that an annual wealth tax targeting the world’s millionaires and billionaires would raise enough revenue to lift 2.3 billion people out of poverty, provide universal healthcare to the people of low- and middle-income nations, and produce enough coronavirus vaccines to meet global demand.

“During 2021, we witnessed the epidemic of Covid-19 and wealth-hiding, and it’s time to reverse course.” Continue reading

Share Button

Climate Emergency May Displace 216 Million Within Countries by 2050: World Bank

“The Groundswell report is a stark reminder of the human toll of climate change, particularly on the world’s poorest—those who are contributing the least to its causes.”

By Jessica Corbett, staff writer for Common Dreams.  Published 9-13-2021

Floods in Himachal Pradesh, India, July 2021, Photo: NDRF/FloodList

Underscoring the necessity of immediate and sweeping action to take on the climate emergency, a World Bank report revealed Monday that 216 million people across six global regions could be forced to move within their countries by midcentury.

Groundswell Part 2: Acting on Internal Climate Migration includes analyses for East Asia and the Pacific, North Africa, and Eastern Europe and Central Asia, building on a modeling approach from a 2018 report that covered Sub-Saharan Africa, South Asia, and Latin America. Continue reading

Share Button

Scathing Human Rights Watch Report Says Israel Guilty of Apartheid

The prominent watchdog group’s new analysis finds the oppression of Palestinians has reached a “threshold.”

By Andrea Germanos, staff writer for Common Dreams. Published 4-27-2021

Photo: Alisdare Hickson/flickr/CC

Human Rights Watch said Tuesday that the policies and actions of the Israeli government against the Palestinian people amount to systematic “apartheid” and unlawful persecution that must be stopped.

The accusations related to Israel’s actions in the occupied territories (OPT) and within Israel are laid out in a new report entitled “A Threshold Crossed: Israeli Authorities and the Crimes of Apartheid and Persecution.” The findings are based on over two years of research and documentation including official government statements, internal planning documents, and interviews Continue reading

Share Button

Poverty is a political choice

A UN Rapporteur has just delivered a withering critique of the international system.

By Stephen McCloskey  Published 7-9-2020 by openDemocracy

Philip Alston, Special Rapporteur on Extreme Poverty and Human Rights, 22 June 2018. | Flickr/UN Photo/Jean-Marc Ferré. CC BY-NC-ND 2.0.

The United Nations Rapporteur on Extreme Poverty and Human Rights, Philip Alston, has just released his final report, a withering critique of international efforts to eliminate poverty which he describes as the result of “longstanding neglect” by “many governments, economists, and human rights advocates.”

Central to his report are the institutional failings of the World Bank in getting to grips with the scale of global poverty, which it persistently underplays using the flawed measurement tool of an international poverty line, or IPL. The IPL, argues Alston, sets the poverty benchmark at way too low a level to support a life of dignity consistent with basic human rights. Continue reading

Share Button

Genocide? As Gaza Dries Out, Israel Turns Off Fresh Water Spigot

Rather than heeding the warnings from the UN to open up Gaza’s blockade and allow vital aid, what we have witnessed over the course of the last decade is a periodic all-out Israeli assault on Gaza’s vital infrastructure.

By Darius Shahtahmasebi. Published 2-15-2018 by MintPress News

Palestinian children fill their bottles with water from a UNICEF tap in Rafah in the southern Gaza Strip. Photo: UNICEF

Near the end of last month, Haaretz reported that, according to an expert hydrologist, 97 percent of Gaza’s drinking water has been contaminated by sewage and salt. The UN also confirmed that this was the case early last year, and clearly, the situation has remained unchanged even up until 2018. Robert Piper, the UN’s local coordinator for humanitarian and development activities, has called the situation “really very serious” and stated that “[w]e are falling far behind the demand for clean drinking water for Gazans.”

This kind of mistreatment is part and parcel of an overall package of deprivation that continues to plague the Palestinian people. There are some 2 million residents in Gaza affected by this egregious policy, famously one of the most densely populated areas on the planet. Gaza’s water resources are fully controlled by Israel and the division of groundwater is something that was provided for in the Oslo II Accord. However, despite the fact that under the Accord Israel is allocated four times the Palestinian portion of water resources, it has been revealed that Israel has been extracting 80 percent more water from the West Bank than it agreed to. Continue reading

Share Button