7 July 2019 | The World Economic Forum (WEF) and the United Nations (UN) have signed a Memorandum of Understanding to intensify their cooperation. The UN seems embarrassed – for good reason. It is another step in its self-disempowerment of the UN and another milestone for the club of multinationals on the way to its […]
All too often the power of money seems insurmountable. This is a story that shows that courage, tenacity and solidarity can do a lot. In this case, a powerful, extremely well connected academic and his institute, lavishly financed by Germany’s largest employer, fell because they wanted to silence a critic who fought back.
The trend toward a digital world currency: The winner takes all is a basic rule of the digital economy. Whoever is ahead has a large advantage, just from being ahead, and has a good chance to end up as a quasi-monopolist. This has two main reasons, called network effects and economies of scale. Network effects […]
My book in German* with the translated title: “Brave New Money: PayPal, WeChat, Amazon Go – A Totalitarian World Currency in the Making” has just been published by Campus. I have tanslated the “Introduction and Overview” and part of Chapter 1. I will publish this translation in two parts over the next few days. This […]
By Milford Bateman. One microcredit institution in Cambodia has in recent years been highlighted not just as a best practice example of the microcredit model in action, but as a leading example of ‘inclusive capitalism’ composed of ‘social enterprises’ that aim to do good in the community. Now AMK had been acquired for a cool $US150 […]
Four years ago, I framed it as a question: “George Soros‘ INET: An institute to improve the world or a Trojan horse of the financial oligarchy?” Today I would not use a question mark any more.Frances Coppola came to a similiar conclusion after attending the big INET gathering in Edingburgh in October.
The EU Ombudsman has issued her judgement that it constitutes maladministration on the part of the ECB that they have been letting their president, Mario Draghi, be a member of the private club of bankers G30. It would be an insult to the European people, if former ECB-president Jean-Claude Trichet, long-time chairman of said club […]