neo-liberal

Father Kevin Barr on the current economic system that is destroying PNG

Father Kevin Barr is a Catholic priest. This is his take* on the extreme capitalism practicised by multi-national mining, oil and logging corporations operating in PNG and preached to us by the World Bank and the governments of the USA, Europe and Australia. 

The current economic system of neo-liberalism or extreme capitalism has a fanatical fundamentalism about it.

It encourages not just legitimate profit but excessive greed and individualism.

It seeks to produce ever more money for those with the most wealth - with no limit or regulations.

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Americans turn to small-scale farming as their model of development fails

Citizens of the United States of America are turning to small-scale farming to survive as their industries collapse, factories close and large-cities crumble. But with no land of their own on which to grow food they are having to reclaim urban spaces and abandoned lots, land which they could lose at any moment.

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Can Papua New Guinea find a better economic model?

Martin Maden asks some very important, relevant and timely questions about capitalism, the Global Banking System and their adverse effects on the cultures of the Pacific in his article below.

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Eminent persons line up to rubbish Papua New Guinea's failed model of development

A series of eminent persons, including Sir John Kaputin, Peter Donigi. Alan Bird and Jamie Maxton-Graham, have spoken out this week to rubbish the government's model of development which favours foreign corporations over indigenous business and ensures the majority of people live in poverty.

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IFC part of the new neo-colonial land grab

With the International Finance Corporation (IFC) proudly trumpeting its expansion in Papua New Guinea we should all be aware of its true mission on behalf of the global elite and the world's richest corporations and nations.

Papua New Guinea is already beginning to suffer from the new neo-colonial landgrab with 5 million hectares having being seized in Special Agricuture Business Leases, and the IFC is in the thick of this global phenomena, as the article below by Ava Danlog explains.

 

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