Revista Mensual y Gratuita
Nº117, mayo 2013
The struggle between vulture funds and Argentina keeps developing and its resolution may open new options on how to stop the perverse extraction of value mechanism that weighs down on those who restructure sovereign debt. Opinion Sur wonders whether it is possible that justice, in this case of the State of New York, would reward financial speculation which has damaged and keeps damaging the world with no limitation, regulation and much less remorse. The author of this article, an economist of broad international experience, presents a clever analysis of the legal process that is approaching a definition.
In the wake of the global financial crisis, Keynesianism has had something of a revival. Significant potential now exists for “Green Keynesianism” — combining Keynesian fiscal policies with environmental goals. But there are also tensions between the two perspectives of Keynesianism and ecological economics. Traditional Keynesianism is growth-oriented, while ecological economics stresses limits to growth. These apparent contradictions can be resolved and Green Keynesian policies offer a solution to both economic stagnation and global environmental threats.
It is said, and not without cause, that we must learn from the past in order not to make the same mistakes that were made; also, of course, to enrich ourselves with what has been achieved. But, that existential equation, that flowing of life and directionality, is also influenced by how we foresee the future and, very specifically, by the future we long for, by the one we are willing to work, to build, to fight for if it comes down to it.
The past 12th December, Reuters, AP and EFE reported that ‘HSBC, the bank of highest market value in Europe, agreed yesterday to pay a record fine of 1.9 billion dollars to the United States government in order to end the accusations made to its authorities of money laundering in benefit of drug dealers, among them, Mexican cartels and Iranian extremist groups’. A report from the American Senate had denounced that HSBC and its subsidiaries had performed secret transactions with Iran for 16 billion dollars same as for 7 billion that were presumed to belong to Mexican cartels.
The global crisis centered in the affluent countries can become an inflexion point in the trajectory of our Southern Hemisphere countries. Strategic thinking plays a crucial role in the outlining of what is yet to come; it cannot ignore neither the present nor the history that generated it but, at the same time, it must rise above what exists in order to transform and give way to new courses and ways of functioning.
It has been millions of years since the human race differentiated itself from the rest of the primates through its biological evolution, becoming the dominant animal species in the planet. However, since little over half a century ago it also became the only species capable of producing a biological cataclysm that could destroy not only the human race as we know it but also countless others.
After a dry and warm summer, the illusion was globalized that fall would bring a little more tranquility regarding Europe, its markets and, above all, the economies most affected by the crisis. This wave of optimism, which characterized August and the beginning of September, had its origin first, in the firm declaration of the President of the European central Bank, Mario Draghi, who pointed out that ‘in spite that the economy will fall in Europe in 2012, the euro is invincible’, followed by the decisive defense through the sovereign bonds purchase program announced by the ECB for those countries that were to explicitly request it.
It is not an ideological outburst expressing that the process of wealth concentration that characterizes the present historical time has been based on an endless series of robberies and schemes whose victims have been large population majorities and the benefited, small minorities appropriators of assets and rents.
The subject of public safety/insecurity is complex, controversial, poorly understood, its resolution demands intervening in multiple, diverse areas and dimensions. Its magnitude and severity is a target of constant manipulation; it is difficult to rise above the interests in conflict to make safety a State policy. In fact, safety policies are part of a certain socioeconomic trajectory and, as such, they are faced from the prevailing political perspective.
Community tourism is an economic activity that rural communities face in order to generate incomes that complement those that come from agricultural activity and they do so by upgrading their cultural resources and ecosystem. The community controls a significant share of results generated by the touristic activity and decides its allocation for productive and social activities within their territory. Tourism constitutes an opportunity for the community to share with visitors its traditions, customs and perspectives on life and nature, emphasizing the diversity of existing identities and making the touristic episode an experience of fuller and deeper significance.
Opinion Sur Collection
Introducing three new additions to our collection
Getting out of the Crisis towards a sustainable development
STORM: The ways of the crisis and the ways out of it
International Crisis: Adjusting the Course and Improving the Systemic Functioning