The World Social Forum at the Crossroads

A new stage in the evolution of the global justice movement was reached with the inauguration of the World Social Forum (WSF) in Porto Alegre, Brazil, in January 2001. The WSF was the brainchild of social movements loosely associated with the Workers’ Party (PT)...

Eye of the Hurricane: Milton Friedman and the Global South

While economists laud the recently deceased Milton Friedman for being “a champion of freedom whose work transformed economics and changed the world,” as a full-page advertisement in the New York Times put it, people in the South will remember the...

Americans Want a New Direction, but will Democrats Lead?

The recent US election was a redemptive election. At a time that many throughout the world had written off the American electorate as lifeless putty in the hands of Karl Rove, it woke up to deliver the Republican Party its worse blow in the last quarter of a century....

Microcredit, Macro Problems

The awarding of the Nobel Peace Prize to Muhammad Yunus, regarded as the father of microcredit, comes at a time when microcredit has become something like a religion to many of the powerful, rich and famous. Hillary Clinton regularly speaks about going to Bangladesh,...

A Siamese Tragedy

The military coup in Thailand is the second high-profile collapse of a democracy in the developing world in the last seven years. The first was the coup in Pakistan in October 1999 that brought General Pervez Musharraf to power. There are some disturbing parallels...