David Smith

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David Smith
About the author:

An English journalist who, when he's not exploring the social consequences of political actions, likes to write about cricket for some light relief.

UK’s Debt-Fueled Recovery Could Prove Fragile

Date: 18 March 2015

Challenging the dangerous imbalances in the UK economy, where the banking sector contributes 450% of nominal GDP, is imperative. But weeks ahead of a general election, no one wants to redefine the rules of the game.

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LuxLeaks Scandal Reveals International “Race to the Bottom”

Date: 7 January 2015

Countries are competing to lower their tax rates to please the corporate giants, but the result is a massive collective loss of revenue. Only international coordination can wipe out the practice and defeat the negative influence of the Big Four accounting firms. 

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Democrats and Republicans unite in calls to rebuild brutal US penal system

Date: 22 October 2014

The US has a quarter of the world’s prisoners, but only 5% of the world’s population, so the “tough on crime” approach of the past 40 years has not worked. It has left a trail of social and economic destruction, creating broken families, alienating working-class black communities and producing high levels of recidivism. The time for reform is now. 

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Economic costs of Ebola rising as people shun human contact

Date: 15 October 2014

The World Bank says the disease’s economic cost could be US$32 billion over two years, with the mining sectors badly hit. But many of the most damaging effects are on a microcosmic scale as citizens in Liberia, Sierra Leone and Guinea, shun their families, friends and communities. 

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Is Australia’s housing bubble about to pop?

Date: 22 September 2014

If Australia’s property bubble bursts, the consequences would be disastrous for an economy dominated by oversized banks. But Government policies aimed at propping up the market are simply making the bubble bigger. And bigger. 

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How long can Japan sustain its Mount Fuji of debt?

Date: 2 September 2014

The highest debt-to-GDP ratio among the world’s rich nations, allied to its ticking demographic time bomb, make Japan’s economic decline inevitable. The only question is whether the fall is gradual, or we see a spectacular crash with global repercussions. 

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European politics dances to the drum of the far right

Date: 6 August 2014

Instead of championing the EU and the economic benefits of immigrants, Europe’s mainstream parties are moving further to the right. David Cameron’s clampdown on immigrant benefits was one policy designed to win back votes from far-right party UKIP.

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Brazil Riots: Citizens Unite In Contempt For Political Class

Date: 4 July 2013

To outsiders, Brazilians don’t seem to have as much to complain about as the protesters in Greece, Turkey, or Egypt. Its economy has boomed for two decades and is now the world’s seventh largest. But inside Brazil, anger has been simmering for some time. Atrocious public services, government corruption and the extravagant spending on the FIFA World Cup are at the root of June’s mass demonstrations across 80 cities in Brazil.

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The Economics Of The Illegal Wildlife Trade

Date: 29 May 2013

The illegal trade of animals or animal parts has become one of the most lucrative black market activities in the world. Driven by the promise of high profit margins, poachers in Africa – namely militias, armed groups, and insurgent groups – have driven rhinos and elephants close to extinction, while murdering hundreds of park rangers in the process.  NGOs and governments now face a race against time to reduce demand for wildlife trade, particularly in Asia, as well as to equip those on the frontline to fight a well-armed enemy.

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Margaret Thatcher’s Economic Legacy: A Nation Divided

Date: 18 April 2013

The funeral of former British PM Margaret Thatcher saw a nation divided in hatred and love for one of the most iconic world leaders of modern times. While, Inner London today is one of the richest parts of the entire European Union, in the North of England there are towns still with persistently high levels of unemployment due to Thatcher’s past policies.

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