Capitalism

Chinese President Xi Jinping presented himself as a champion of globalization on Jan. 17, lecturing the world elite in Davos on the dangers of protectionism and the futility of trade wars.

Rising income inequality is seen as the top risk for the global economy in 2017, with reforms to market capitalism increasingly viewed as necessary to ward off a populist backlash, the World Economic Forum said on Jan. 11.

President Barak Obama has said that part of the effect of globalization and improving innovation has been an increase in feelings of inequality.

The US presidential elections have been a gripping spectacle, not only because they were spectacularly ugly and divisive but also because of what is at stake in America and the world.

It took almost six years - or 69 months - for profit-making companies to outnumber loss-makers on the Athens bourse, as the main feature of the first half's financial results submitted to the stock market is that the balance between earners and losers has swung in favor of the former for the first time since September 2010.

President Recep Tayyip Erdo?an's trip to Washington last month showed just how far the Turkish government's reputation has plunged in the West. Erdo?an's security team stirred outrage by roughing up both protesters and ordinary reporters trying to enter the Brookings Institution think tank, where he spoke on March 31.

Global stock markets rallied on Feb. 26, helped by firmer oil prices, as finance ministers and central bankers from the world's leading economies gathered to discuss recent financial turmoil.

As G-20 ministers met in Shanghai, markets were awaiting the latest US growth data for more clues on the state of the world's biggest economy.

Equity prices were dropping again on Thursday on the Athens Stock Exchange (ASE) for fourth day in a row with the basic share price index down 5.11%, standing at 426 points.

The heaviest losses were recorded in banks, financial services  and constructions.

The stock market is moving today focusing on Eurogroup decisions and foreign stock markets.

One of most-cited social scientists of our time, Professor David Harvey speaks about the role of the reader, writer and everyday people in a social resistanceIncreasing social inequality, wars and migration all call for a clear policy response and an urgent reply to the question how can civil society fight back. 

'The Economic Transformation of Turkey: Neoliberalism and State Intervention' by Nilgün Önder (IB Tauris, $110, 288 pages)