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The Corrupting Influence Of Oil Money
By Faiz Shakir, Amanda Terkel
The world has never looked better for the Big Five oil companies. This morning, Exxon Mobil, the world's largest oil company, announced its "second-quarter profit rose 14 percent, to $11.68 billion, the highest-ever profit by an American company. Continue
The WTO’s Last Gasp
By Shamus Cooke
Like the UN (itself experiencing terminal illness) the WTO was set-up after WWII with the intention of managing and minimizing economic disasters and consequent wars. It was understood that multilateral (international), free-trade was a precondition for a healthy capitalism, preventing trade blocs from forming that could lead to military confrontation. Continue
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