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#global economy
alooha · 10 months ago
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WHAT IS CURRENTLY HAPPENING IN THE PHILIPPINES
Philippines is currently suffering from climate crisis. Last November 12, Typhoon Ulysses (also known as Typhoon Vamco internationally) lashed on the northern part of the Philippines. It is the 8th typhoon in 2 months causing massive to struck the entirety of Luzon in the midst of pandemic. This morning, some provinces are already submerged. Hundreds of people are dead, some are still missing and thousand families lost their homes and livelihood. No food to eat, no clothes to wear.
Philippines is in dire need of help right now. A dollar or a euro will go a LONG away to help the victims. $1 USD = 50 PHP, and with 50 PHP you can buy at least a bottle of water and 3 eggs.
If you plan to donate, please do not course it through the Philippine government. Here are the reliable donation drives where you can donate:
#RescuePH -  https://helptheph.carrd.co/
Kaya Natin (We Can) - kayanatin.ph/donate
Sagip PH (Save PH) - Paypal: paypal.me/reirei17
Youth Advocates for Climate Action - Paypal: paypal.me/jonmzboni
If you cannot donate (because we’re all facing a crisis right now and money is tight for others) but you want to, and have an access to the internet, then this video might help. Here is the link: https://youtu.be/UrnCMpMzLuc . The video is monetized, and all the funds from it will proceed to the victims of the typhoons. PLEASE DO NOT SKIP ADS!!
PLEASE HELP THE PHILIPPINES, THANK YOU. Please reblog to spread.
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balkanradfem · 2 months ago
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“Today, nearly every government in the world, rich and poor alike, is focused single-mindedly on GDP growth. This is no longer a matter of choice. In a globalised world where capital can move freely across borders at the click of a mouse, nations are forced to compete with one another to attract foreign investment. Governments find themselves under pressure to cut workers’ rights, slash environmental protections, open up public land to developers, privatise public services – whatever it takes to please the barons of international capital in what has become a global rush towards self-imposed structural adjustment. 
GDP tallies up monetised economic activity, but it doesn’t care whether that activity is useful or destructive. If you cut down a forest for timber, GDP goes up. If you extend the working day and push back the retirement age, GDP goes up. If pollution causes hospital visits to rise, GDP goes up. But GDP includes no cost accounting. It says nothing about the loss of the forest as habitat for wildlife, or as a sink for emissions. It says nothing about the toll that too much work and pollution takes on people’s bodies and minds. And not only does it leave out what is bad, it also leaves out much of what is good: it doesn’t count non-monetised economic activities, even when they are essential to human life and well-being. If you grow your own food, clean your own house or care for your ageing parents, GDP says nothing. It only counts if you pay companies to do these things for you.
Under capitalism, the rate of growth is the rate at which nature is being commodified and roped into circuits of accumulation. That we have come to rely on this as our primary indicator of progress reveals the extent to which we have come to see the world from the perspective of capital rather than from the perspective of life. Indeed, there is a bitter irony to the fact that we have been persuaded to use the word ‘growth’ to describe what has now become primarily a process of breakdown.
The thing about growth is that it sounds so good. It’s a powerful metaphor that’s rooted deeply in our understanding of natural processes: children grow, crops grow … and so too the economy should grow. But this framing plays on a false analogy. The natural process of growth is always finite. We want our children to grow, but not to the point of becoming 9 feet tall, and we certainly don’t want them to grow on an endless exponential curve; rather, we want them to grow to a point of maturity, and then to maintain a healthy balance. We want our crops to grow, but only until they are ripe, at which point we harvest them and plant afresh. This is how growth works in the living world. It levels off.
The capitalist economy looks nothing like this. Under capital’s growth imperative, there is no horizon – no future point at which economists and politicians say we will have enough money or enough stuff. There is no end, in the double sense of the term: no maturity and no purpose. The unquestioned assumption is that growth can and should carry on for ever, for its own sake. It is astonishing, when you think about it, that the dominant belief in economics holds that no matter how rich a country has become, their GDP should keep rising, year after year, with no identifiable end point. It is the definition of absurdity. We do see this pattern playing out in nature, sometimes, but only with devastating consequences: cancer cells are programmed to replicate for the sake of replicating, but the result is deadly to living systems.”
- Jason Hickel, Less is More
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stupid-disco-man · 9 days ago
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mamma mia ! here we go again
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andnowadragon · 5 months ago
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Obviously I'm joking, since the other three are pirates who intentionally set out to take money from wealthy people (and good for them except for the whole murdering people thing). 😅
Edward Teach was better known as Blackbeard. Black Caesar, whose original name appears to be unknown, was a West African pirate who was famous in his own right before joining up as a crewmate under Edward. Ching Shih, or "Madame Ching" and Ching I Sao, was a Chinese prostitute-turned-pirate who ended up commanding from 400 to a 1,000 junks in the South China Sea after marrying a pirate captain who took a liking to her after he sacked her town--if you've watched the third Pirates of the Caribbean movie, you may remember her as one of the pirate lords present at the council. She's probably one of the most badass pirates of all time, though she was also one of the most ruthless.
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goingtiny · 2 months ago
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This savings exists for two reasons: the ability of large corporations to exploit overseas labor, and the ability of large container ships to transport items en masse from Point A to Point B for a relatively low cost, even when Point A and Point B are literally half a world away. A savings that has only exponentially grown with the rise of globalization, the proliferation of “free-trade” agreements, and the often-coerced industrialization of the developing world in the name of “progress.”
Those two factors hold up the foundation of modern life as it exists in the Global North, a consumer economy in which goods are plentiful, affordable, and seemingly endless, a world in which by default we do not have to think much about where those goods are coming from, nor why.
Paper that travels halfway around the world and back is only the tip of the iceberg when it comes to the way labor is exploited in the name of savings. Pacific salmon and Dungeness crab caught in American waters are routinely sent to China for processing, then shipped back to the United States for retail sale. Same goes for fish caught in Norway, filleted in China and then sold throughout Scandinavia and Europe. Fruit grown in Latin America is sent to Thailand to be processed and packaged, then sold in supermarkets throughout the United States.
The environmental impacts of these shipments are ignored for the sake of increased profits.
Thanks to global labor exploitation and container shipping, the developed world has access to what they want, when they want it, to the point where younger generations are barely aware of the concept of “seasonal” foods, the fact that only three generations ago, one usually couldn’t buy strawberries in the winter or apples in the spring. It has been estimated that in the United States, the average meal travels approximately 1500 miles from farm to table.
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idolstylekpop · 5 months ago
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On April 7, RBW Entertainment acquired WM Entertainment, acquiring 70 percent of WM Entertainment and incorporating the company as a subsidiary.
RBW CEO Kim Jin Woo said: "WM Entertainment is a company that has grown rapidly in the entertainment industry in Korea and internationally with its ability to discover and train artists. As each company has accumulated different know-how, we will exhibit new synergies as we work together. By developing a strategic business based on content IP (intellectual property), we will work to lead the K-content culture globally beyond Korea."
RBW is home to artists like MAMAMOO, ONEUS, ONEWE, and PURPLE KISS, while WM Entertainment houses artists like Oh My Girl, B1A4, ONF, and Lee Chae Yeon of IZ*ONE.
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phillipschneider · a month ago
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David Icke is right about a surprising number of things!
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w-insights · 2 months ago
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India imports and exports a multitude of products and services and it’s an important trading partner for many countries. In terms of the total volume of trade, its top trading partners are the United States, China, Saudi Arabia, United Arab Emirates, Hong Kong, Singapore, and Germany. Together these countries account for about 42% of Indian exports as well as 41% of Indian imports. Read more about Indian international trading profile 2021: https://worldref.co/w-insights/international-trade-profile-of-india/
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andnowadragon · 5 months ago
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I assume this is what they're doing since that's all they ever do when something remotely negative happens to the economy, the greedy bastards. 🙄
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sixfeet-reversed · 5 months ago
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It’s really been Wall Street vs. fucking humanity lately, huh?
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cogitoergofun · 10 months ago
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The scientific community has long been unequivocal about biodiversity destruction. Last month, the UN reported that the world had failed to meet fully any of the 2020 Aichi bioiversity targets that countries agreed with fanfare in 2010, even as it found that biodiversity is declining at an unprecedented rate, and the pressures driving this decline are intensifying.
This week’s Bankrolling Extinction report finds that financial institutions provide the capital that is funding over-exploitation of our lands and seas, putting biodiversity in freefall. Last year, the world’s 50 biggest banks provided $2.6tn (£1.9tn) in loans and other credit to sectors with a high impact on biodiversity, such as forestry and agriculture. Bank by bank, the report authors found a cavalier ignorance of – or indifference to – the implications, with the vast majority unaware of their impact on biodiversity.
In short, this report is a frightening statement of the status quo.
Fortunately, signs are emerging that some governments are – slowly – taking aim at financial backers of the destruction of the natural world. They must now push more forcefully. In the wake of Covid-19, treasury cupboards may be bare, but with new policies and limited recovery funds, they can steer trillions of dollars of private capital towards a nature-positive response to coronavirus, to spur growth, prosperity and resilience without returning to business as usual over-consumption and climate and biodiversity risk.
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