capitalism

Busting the West's perverted concept of wealth

On 10 Dec, 2011 By rait man

By Martyn Namorong

A FRIEND OF MINE recently told me about a trip to Mt Hagen. You know there aren’t any mines nor is there any oil or gas exploitation in the Western Highlands Province. But he reckons he saw more 10-seaters in Hagen than they have in Tabubil.

No money, no poverty, just happiness, pigs and prosperity in Vanuatu's traditional economy

On 07 Dec, 2011 By rait man

By Kirk Huffman*

The Republic of Vanuatu in the southwestern Pacific is classed by foreign economists as one of the world's poorest nations. This mistaken view is only true if one believes that lack of modern money = 'poverty'.

Vanuatu consists of 83 inhabited tropical and semi-tropical islands with a current - almost completely indigenous Melanesian - population of around 230,000 which possesses twice as many languages and cultures as the whole of the (expanded) EU.

Papua New Guinea a victim of a foreign economic system that manufactures inequality

On 21 Nov, 2011 By tok stret

We are all Occupiers

People the world over salute the Occupy movement for standing up to injustice and fighting for equality at the heart of empire

By Arundhati Roy*

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

On 14 Nov, 2011 By rait man

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.

Pacific Islanders challenge unrestrained capitalism and wealth concentration

On 12 Nov, 2011 By rait man

APEC the Asia-Pacific Economic Cooperation forum starts this coming Sunday in Hawaii but another meeting to draw attention to the economies of the Pacific called Moana Nui is also taking place in Honolulu, reports Radio Australia

Convenor of the alternative conference is Professor John Osorio, a professor of history at the Center for Hawaiin Studies at the University of Hawaii at Manoa.

Presenter:Geraldine Coutts
Speaker:Professor John Osorio, convenor, alternative APEC conference, Hawaii

Time is right for a different development path

On 05 Jul, 2011 By Effrey

Papua New Guinean's faces a vitally important choice. Should we continue to implement an imported and failed model of development, which is based on unrestrained capitalism, or return to our roots, rediscover our National Goals and follow a more Melanesian development path?

Can Papua New Guinea find a better economic model?

On 20 Jun, 2011 By rait man

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.

Mining boom promises unprecedented riches for who?

On 20 Jun, 2011 By rait man With 1 Comments

Spotted on the PNG Mine Watch blog

Many commentators are talking excitedly about the unprecedented riches that will come from Papua New Guinea’s resource boom. Phil Mercer writing for Voice of America (see below) is just the latest.

But who is REALLY going to reap the benefits from Papua New Guinea’s oil, gas, gold and silver?

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