Finance and debt

As the global financial crisis now enters its seventh year, it is time to start asking difficult questions about the right priorities for popular protest if we want to realise a truly united voice of the world’s people. There can be no revolution in a truly moral or global sense until the critical needs of the extreme poor are prioritised and upheld, which will require mass mobilisations in the streets like we have never seen before.

The social, environmental and economic crises that continue to reap havoc across the globe provide a critical opportunity for ordinary people to demand economic reform and political transformation, say STWR in an interview with John Habets & Henk Gloudemans.

There are many policies that governments could implement to raise the finances needed to reverse austerity measures, tackle climate change and prevent needless poverty-related deaths. But we cannot rely on governments to change the current world direction - the only hope is a huge groundswell of popular support in favour of global sharing.

Finding ways to increase tax revenue is critical if developing countries are to fund essential public services and reduce poverty. Global reforms to tackle tax evasion and policies to strengthen the capacity of national revenue authorities should be a top priority for development cooperation, argues Adam Parsons.