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In the dying days of the U.S.S.R., Palmer had watched as his old adversaries in Soviet intelligence shoveled billions from the state treasury into private accounts across Europe and the U.S. It was one of history’s greatest heists.

Western banks waved Russian loot into their vaults. Palmer’s anger was intended to provoke a bout of introspection—and to fuel anxiety about the risk that rising kleptocracy posed to the West itself. After all, the Russians would have a strong interest in protecting their relocated assets. They would want to shield this wealth from moralizing American politicians who might clamor to seize it. Eighteen years before Special Counsel Robert Mueller began his investigation into foreign interference in a U.S. election, Palmer warned Congress about Russian “political donations to U.S. politicians and political parties to obtain influence.” What was at stake could well be systemic contagion: Russian values might infect and then weaken the moral defense systems of American politics and business.

Officials around the world have always looted their countries’ coffers and accumulated bribes. But the globalization of banking made the export of their ill-gotten money far more convenient than it had been—which, of course, inspired more theft. By one estimate, more than $1 trillion now exits the world’s developing countries each year in the forms of laundered money and evaded taxes.

In place of stability, what we have today is a ramshackle, largely deregulated system, widely known as “globalisation”. Effectively lobbied for by economic cowboys with no interest in economic justice or environmental sustainability, the result of this system where “the world is governed by market forces”

Both Corbyn and Sanders offered sound analysis, deep compassion and sincere solidarity to the victims of globalisation and climate breakdown. But they focused on domestic issues – health systems, affordable housing, nationalisation of the railways, kindness to the poor and homeless – and ignored the globalised financial infrastructure that makes reform of these sectors virtually impossible. 

It is this very idea of self-sufficiency in steady state economies that I argue for in my book, The Case for the Green New Deal,

Every year, an estimated $88.6 billion, equivalent to 3.7% of Africa’s GDP, leaves the continent as illicit capital flight, according to UNCTAD’s Economic Development in Africa Report 2020.

these outflows are nearly as much as the combined total annual inflows of official development assistance, valued at $48 billion, and yearly foreign direct investment, pegged at $54 billion, received by African countries

From 2000 to 2015, the total illicit capital flight from Africa amounted to $836 billion. Compared to Africa’s total external debt stock of $770 billion in 2018, this makes Africa a “net creditor to the world”

Lang’s assessment that the regime is bankrupt was based on five conjectures. Firstly, that the regime’s debt sits at about 36 trillion yuan (US$5.68 trillion). This calculation is arrived at by adding up Chinese local government debt (between 16 trillion and 19.5 trillion yuan, or US$2.5 trillion and US$3 trillion), and the debt owed by state-owned enterprises (another 16 trillion, he said). But with interest of two trillion per year, he thinks things will unravel quickly. Secondly, that the regime’s officially published inflation rate of 6.2 percent is fabricated. The real inflation rate is 16 percent, according to Lang. Thirdly, that there is serious excess capacity in the economy, and that private consumption is only 30 percent of economic activity. Lang said that beginning this July, the Purchasing Managers Index, a measure of the manufacturing industry, plunged to a new low of 50.7. This is an indication, in his view, that China’s economy is in recession. Fourthly, that the regime’s officially published GDP of 9 percent is also fabricated. According to Lang’s data, China’s GDP has decreased 10 percent. He said that the bloated figures come from the dramatic increase in infrastructure construction, including real estate development, railways, and highways each year (accounting for up to 70 percent of GDP in 2010). Fifthly, that taxes are too high. Last year, the taxes on Chinese businesses (including direct and indirect taxes) were at 70 percent of earnings. The individual tax rate sits at 51.6 percent, Lang said. Once the “economic tsunami” starts, the regime will lose credibility and China will become the poorest country in the world, Lang said. Several commentators have expressed broad agreement with Lang’s analysis.

So political leaders -- those in Congress and those vying for the White House -- can generally buck the public on foreign policy without losing votes. It is not that politicians entirely ignore voters’ foreign policy views. But, at least compared with tax and entitlement issues, politicians have considerable rope to pursue their own agendas. Only in rare circumstances, such as very unpopular wars, do voters hold politicians to account on foreign policy.

No state menaces U.S. borders or regularly checks U.S. military actions abroad, as the Soviet Union once did. Trade accords matter a good deal for certain industries, but most of us barely notice them. For the majority of Americans, even the war in Iraq brought little worse than marginally higher tax rates and unsettling TV images. With bigger things to worry about, such as job security and health care, Americans have little incentive to inform themselves about foreign policies; it is rational for them to remain ignorant. 

Realists and other reliable skeptics of intervention are essentially confined to the academy, while true isolationism has become virtually extinct in Washington.

There is no executive committee of financial elites. There's no international conspiracy, no Elders of Zion. Instead these markets are pulled and pushed by about 50 very large banks and financial institutions. This is where much of the nation's $2 trillion in hedge fund money roams. This is where the top six US banks frolic. They don't have to sit around a table strategizing. They instantly sense threats to their power. They instantly smell profitable openings and they're poised to grab what they can, whenever they can. They thrive on turmoil, which gives them new "proprietary" trading opportunities to exploit. Volatility means big bucks, especially now that the largest players know that the government will back up even their wildest gambles. History has just proven that they are way too big to fail. Of course they still have to lobby government officials--many of whom either were bankers, or will be once they leave office. But their most powerful lever on government is through the market itself: Here, by moving vast quantities of money around, they can instantly veto policies they don't like. If the EU talks seriously about financial transaction taxes, the markets go down the Euro grows weaker, and interest rates rise--making it more expensive for governments to borrow the money they need to operate. Politicians have learned to "listen" to the markets and are conditioned to placate them. Should a nation state get out of line (Greece, Italy, Spain, Portugal, etc), the markets slap them silly. Politicians rush to the scene and start slicing social spending. If instead they demand new taxes on financial elites to reduce public debt, the markets respond with even more fury. Money flees.

The Doing Business indicators measure the costs and the number of steps for starting a formal business — for example, a car dealership. If one were to open a car dealership in Madagascar, it would take eight days and cost 35.8 percent of the average annual income (this cost includes official fees and fees for legal or professional services). If one wanted to open a car dealership in Malaysia, it would take 18 to 19 days and cost 5.4 percent of the average annual income. Contrast this with opening a car dealership in United States, where it would only take around four days and cost 1.3 percent of the average annual income. The steps and costs reflect rules, and sometimes the corruption, in a system.

The existence of Doing Business has brought about thousands of reforms across the world over the last 15 years. They have led to job creation and improved access to credit and business registration, enhancing competition and investment opportunities worldwide.

Doing Business uses country pride and even national chauvinism as a form of jiu jitsu to get countries to reform policies that impact business regulations

No new phone, tablet, car, or satellite transferring your data at lightning speed can be made without certain minerals and metals that are buried in a surprisingly small number of countries, and for which few commonly found substitutes are available. Operating in niche markets with limited transparency and often in politically unstable countries, Chinese firms have locked up supplies of these minerals and metals with a combination of state-directed investment and state-backed capital, making long-term strategic plays, sometimes at a loss

unprecedented concentration of market power

“Made in China 2025,” aims to build strategic industries in national defense, science, and technology. To meet these objectives, in October 2016, the Ministry of Industry and Information Technology announced an action plan for its metals industry to achieve world-power status: By deploying state-owned enterprises and private firms to resource-rich hot spots around the globe, China would develop and secure other countries’ mineral reserves—including minerals in which China already holds a dominant position

the core issues are the capacity of political leaders and their inner team, and the capacity of the institutions of governance—agencies, departments, and ministries—to be able to process information in a timely way and to be able to harness expert advice and evidence in a timely way. We live in a complicated world. If you try to wing it, as Trump does, you end up with more than forty thousand deaths. If you want to solve a problem, you have to be systematic about it, and know whom to turn to and how to listen and amass evidence. For politicians, that doesn’t necessarily come naturally, and for our President it doesn’t come at all.

Trump is the worst political leader I have experienced in all of my professional life, which is forty years of working with governments at a high level. I’ve never seen anything like the narcissism of this man, and here we are, a country so rich in expertise, in resources, in capacities, and yet we’re watching a complete failure of a political response—with a massive loss of life—in real time. It’s quite shocking, because Trump not only does not know how to approach this issue but he blocks those who do.

American politics has become deeply corrupt over decades, and it became so corrupt that normal governance already collapsed many years ago. And people with resources and knowledge know it, but they haven’t cared, because things have more or less gone on O.K., and the stock market has been booming

A World Trade Organization panel ruled Tuesday that Trump administration tariffs on $200 billion worth of Chinese goods are illegal, vindicating Beijing even if the United States has all but incapacitated the WTO’s ability to hand down a final, binding verdict.

The ruling, in theory, would allow China to impose retaliatory tariffs on billions’ worth of U.S. goods. But it is unlikely to have much practical impact, at least in the short term, because the U.S. can appeal the decision and the WTO’s appeals court is currently no longer functioning — largely because of Washington’s single-handed refusal to accept new members for it.

the United States can appeal the decision “into the void,”

The capacity to manufacture drugs and active pharmaceutical ingredients has moved from the United States and Europe to developing countries in Asia where costs are lower and environmental regulations more relaxed. According to some widely cited estimates, the United States now imports virtually all of certain common antibiotics and over-the-counter pain medications from China, along with a high percentage of generic drugs used to treat HIV, depression, Alzheimer’s, and other ailments, and many of the active pharmaceutical ingredients used to make other medicines. Constriction of supply chains due to coronavirus-related shutdowns in China, further disruptions in global transportation networks, and a spike in worldwide demand for essential drugs could endanger the health of American citizens.

If trade were suspended due to a tense confrontation or an actual armed conflict, the United States might find it difficult, and perhaps impossible, to ramp up and sustain production of arms, munitions, weapons platforms, communications equipment, and other military systems.

Even before the current crisis, many companies had begun to diversify production away from China, shifting a portion of their manufacturing capacity to other countries. This movement was driven by the need to avoid U.S. tariffs, but also by longer-term trends, including rising Chinese wages and technological developments that are making it both desirable and cost-effective to shorten some supply chains, bringing producers closer to final consumers.

the really dangerous thing about the coronavirus isn’t that the disease it causes can be very serious – it’s that it’s not all that serious for many people. The fact that many people who catch Covid-19 hardly have any symptoms has been a huge contributing factor in the spread of the virus.A similar problem applies to climate change: most of us simply experience so few of the consequences of the Earth heating up that we hardly even notice it – let alone feel any urgency to do something about it. A planetary temperature increase of 1.5C? For a lot of us, that seems like "just a minor flu" too.

the incubation period of climate change is truly disastrous

There’s no such thing as "far away" in a world where Wuhan is just five handshakes from Washington

Those who demand that the U.S. Government take people's lives with no oversight or due process as though they're advocating changes in tax policy or mid-level personnel moves -- eradicate him!, they bellow from their seats in the Colosseum -- are just morally deranged barbarians.  There's just no other accurate way to put it.  These are usually the same people, of course, who brand themselves "pro-life" and Crusaders for the Sanctity of Human Life and/or who deride Islamic extremists for their disregard for human life.  And the fact that this mindset is so widespread and mainstream is quite a reflection of how degraded America's political culture is.

Most political journalists rely on their relationships with government officials and come to like them and both identify and empathize with them.  By contrast, WikiLeaks is truly adversarial to those powerful factions in exactly the way that these media figures are not:  hence, the widespread media hatred and contempt for what WikiLeaks does.  Just look at how important it was for Bill Keller to emphasize that the Government is criticizing WikiLeaks but not The New York Times; having the Government pleased with his behavior is his metric for assessing how good his "journalism" is.  If the Government is patting him on the head, then it's proof that he acted "responsibly."  That servile-to-power mentality is what gets exposed by the contrast Wikileaks provides.

our government and political culture is so far toward the extreme pole of excessive, improper secrecy that that is clearly the far more significant threat.  And few organizations besides WikiLeaks are doing anything to subvert that regime of secrecy, and none is close to its efficacy.  It's staggering to watch anyone walk around acting as though the real threat is from excessive disclosures when the impenetrable, always-growing Wall of Secrecy is what has enabled virtually every abuse and transgression of the U.S. government over the last two decades at least. 

IS  is also gaining momentum in the struggle to control two natural resources that have defined the history of the Middle East – oil and water.

If control of oil has driven economic development in the modern Middle East, control of water has been a fundamental component of civilization itself. For decades, both the Syrian and Iraqi governments focused on hydrology in their bids for socioeconomic development, building a bevy of dams, canals and other infrastructure to control floods, improve agricultural irrigation and generate electricity for their populations. Denying or diverting water, though, was also tantamount to war. During the Iran-Iraq War (1980-1988) Saddam Hussein fretted that Iran would destroy dikes and dams on the upper Tigris River in order to cause flooding in Baghdad. In the early 1990s Syria and Iraq nearly went to war with Turkey over plans to divert part of the Euphrates River, and in 1992 Iraq famously cut off the water to the marshes of southern Mesopotamia in order to destroy the terrain where Shiite insurgents were hiding out. Punishing drought conditions in rural Syria may even have caused social unrest that helped precipitate the beginning of the March 2011 uprising.

In February 2013, IS took control of the Tabqa Hydroelectric Dam (Syria), once a showcase in Hafez al-Assad’s development plan and a major electricity source for Aleppo. Earlier this spring, IS opened up dikes around Fallujah to impede the Iraqi army as it tried to besiege the stronghold, causing flooding as far away as Najaf and Baghdad. With its recent advances, IS now controls the hydroelectric dam at Mosul, Iraq’s largest, and IS  is poised to take the dam at Haditha, the country’s second largest. With the tables turned, the Iraqi government finds itself considering a preemptive opening of the Haditha floodgates to block IS’s path.

Ellen Johnson Sirleaf said African and European countries must work together to regulate migration, not try to stop it.

African migration toward Europe is both inevitable and a positive phenomenon, said Africa's first female president and Nobel Peace Prize laureate Ellen Johnson Sirleaf, calling for an end to the perception of migration as a "crisis".

African migrants are mostly young and educated and almost half are women, the report says. They spend approximately 85 percent of their incomes in the host country.

despite defense contractor claims to the contrary, increased military spending has been accompanied by job losses in the US

the contracting fraud results in US taxpayers paying way more than it would have cost for US personnel to do the work…with the added insult that the tasks were performed by locals for a pittance

When contractors receive more taxpayer money, do they generally create more jobs? To answer it, we analyzed the reports of major defense contractors filed annually with the U.S. Securities and Exchange Commission (SEC). Among other things, these reveal the total number of people employed by a firm and the salary of its chief executive officer. We then compared those figures to the federal tax dollars each company received, according to the Federal Procurement Data System, which measures the “dollars obligated,” or funds, the government awards company by company

The Trump administration said on Thursday it plans to allow only 18,000 refugees to resettle in the United States in the 2020 fiscal year, the lowest number in the history of the modern refugee program.

Of the proposed 18,000 spots, 4,000 would be reserved for Iraqis, 5,000 for those fleeing religious persecution and 1,500 for people from the Northern Triangle countries of Honduras, Guatemala and El Salvador. That leaves 7,500, or roughly 40%, for all others.

When reports began circulating about plans to dramatically cut resettlement, the administration faced public criticism from evangelical leaders who said an agenda supporting religious freedom around the world should go hand in hand with protection for persecuted refugees.

People who participated in and witnessed OUR operations overseas recounted blundering missions—carried out in part by real estate agents and high-level donors—that seemed aimed mainly at generating exciting video footage and that, in their view, potentially created demand for trafficking victims

Experts and advocates for sex workers and trafficking survivors also questioned whether OUR's ties to a corrupt Thai police agency could lead to repression of pro-democracy activists, and whether it and similar NGOs truly help survivors or have been successful in identifying or dismantling trafficking networks. In all, these people told a story involving alarming amateurism that potentially endangers both those carrying out missions and the people they're meant to help.

The image of armed men racing into dangerous situations to rescue sexually abused children has been a hit with OUR’s donors and with media outlets, which have run hundreds of flattering stories about its work.

in a 232-square-mile area claimed by China since the early 1980s but internationally understood as part of Lhuntse district in northern Bhutan. The Chinese officials were visiting to celebrate their success, unnoticed by the world, in planting settlers, security personnel, and military infrastructure within territory internationally and historically understood to be Bhutanese.

part of a major drive by Chinese President Xi Jinping since 2017 to fortify the Tibetan borderlands, a dramatic escalation in China’s long-running efforts to outmaneuver India and its neighbors along their Himalayan frontiers

Its aim is to force the Bhutanese government to cede territory that China wants elsewhere in Bhutan to give Beijing a military advantage in its struggle with New Delhi

On the 20th anniversary of the protests against the World Trade Organization (WTO), evidence of its harm to workers, healthcare, farmers, and the environment – and particularly to developing countries – has proven its critics right.

At the time of the protests, the WTO was less than five years old. But critics had already seen how the largest corporations in the world had succeeded in using its founding – and the good name of trade in promoting prosperity – to achieve a new set of agreements covering not just trade in goods but also trade-related investment measures, trade-related intellectual property (IP) rules, agriculture and services. These new agreements, far from the original goals of multilateralism, gave new rights to trade (which are exercised by corporations) and constrained government regulation in the public interest. 

corporate elites hijacked “trade” and rigged the rules to distribute income upwards, while reducing protections for people who work. Highly paid professionals (like doctors) are protected (by being able to regulate their own licensing) and businesses are given market access rights and predictability. Meanwhile, workers are forced into unfair competition without a minimum floor for protections, and developing country workers have been kept at the lowest levels of the global value chains