Solidarity 029, 1 May 2003

The Seamy Inside of Capitalism

by Joseph Stiglitz Joseph Stiglitz was Clinton's economic advisor and, from 1997 to 2000, chief economist at the World Bank. So he is no socialist radical. He is for capitalist globalisation, but against the way in which it has been "managed". He regards the International Monetary Fund (IMF) as having often acted on behalf of the advanced capitalist states and for the US state and the US's financial sector. By so doing, institutions like the IMF have acted against the interests of capitalism as a whole. And they have often had an appalling and, according to Stiglitz, an unnecessary effect on...

Indicting the Drugs Companies

Channel Four Campaigning investigative TV journalism is not often seen on our small screen these days. Dying for Drugs did very well what good TV documentary can do - tell a simple story and communicate the huge implications, as no amount of tables and statistics could do. It brought home the human impact of the big drugs companies' search for profits. Dying for Drugs told four stories, each more terrible than the last. The first story was about the drugs firm Pfizer, and their unethical drugs experimentation in the Third World. A bacterial meningitis outbreak in Kano, Northern Nigeria, gave...

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