Various financiers on Wall Street completely went against the idea of social business responsibility. They tried to maximize profits in the short term, without paying any attention to social damage. The world’s most vulnerable people are already paying the price for this extremely serious global crisis. Ethics must begin to govern the economy once again. Urgently.
Removing ethics from the economy has been a great failure
Markets should be governed by honesty, prudence, transparency, and mutual confidence
The end of the Spanish economic model
How to restructure a system doomed to fail
If Spain continues to construct an obsolete and dysfunctional model on top of the ruins of its acknowledged failure, it will end up accepting its sad fate as a poor service country relegated to the fringes of the global economy. This will translate into a dip in the country’s general wellbeing.
Corruption, the Argentinean government’s weakness
Suspicions and lawsuits against the Kirchners and their close circle on several fronts
The suspicions and lawsuits regarding corruption and illegal accumulation of wealth that are piling up against the Kirchners and their close circle could cause some regression, says the author. He adds that Julio de Vido, Minister for City Planning, has already had nearly forty accusatory cases filed against him in the courts of the province of Buenos Aires.
Will China cease to be a rural country?
The political implications of the process of urbanization in the Asian giant
The new Chinese leaders have decided to leave behind what little remains of Maoism. The rural reform currently promoted gives evidence to an undeniable reality: the inexorable advance of the privatization of land, either directly or covertly, which is getting rid of one of the strongest signs of that China that was born in 1949, states the author.
Argentina Seeks to Be Reintegrated into the World
Cristina Fernández will initiate an marathon international tour to further markets
Cristina Fernández resumed the offensive on the international plane and will begin a long period of trips to consolidate Argentinean export markets. The destinations will include African, European, Latin American, and Asian nations, and this frames her policy of the reinsertion of Argentina into the international stage, firmly announced during the presidential campaign.
The “New Voters” elect Barack Obama
Will these be the most participatory elections in the history of the United States?
The impressive machinery for incorporating new voters set in motion by Barack Obama is unprecedented in the history of American party politics. In this way, the Illinois senator and potential president of the United States has achieved, by virtue of his innovative instinct, the reinsertion into the democratic system of a considerably significant contingent of decitizenized Americans, members of the conglomerate of millions of newly registered voters. Main Street elects Obama by a large majority.
Spain and the (Irresponsible) Sale of Arms
The importance of increasing the control and transparency of Defense exports
Today, Spain places eighth place in the list of countries that export weapons. With what criteria have the sales to certain countries been authorized? Are there guarantees that they will not be used for unforeseen objectives? Have they taken into account the human rights situation? The Spanish government, which is in favor of multilateralism and peaceful conflict resolution, should show a real commitment to increasing the control and transparency of its arms exportation, the author argues.
Wall Street: debunking the myths
Lessons that Latin America can take away from the crisis

Latin America must reexamine the regulation, speculative practices, extreme inequity, role of public policy, and many other very important underlying affairs of the tragic collapse of Wall Street. The region should immediately leave behind narrow economic policies, and get an idea of what basic components of social capital, like trust and ethics, weigh heavily on the economy. The time is now.

Aside from giving Bolivia a breather, the recent emergency meeting of the twelve countries of UNASUR – for which Michelle Bachelet took the initiative – has, above all, amounted to a display of smart power, and is further proof of the solidity of the consensus for stability and development in Latin America.







