Monday 26 July 2021

Ideology of racism

An interesting article written by Hamid Dabashi, an Iranian professor at Columbia University in New York, defines the ideological conviction of the social construction of races. The author says there are powerful interests vested in sustaining the bloody history of racism in Western countries. This means that the ideology of racism is an useful tool for those in power to divide people to rule them better.

In this context, the richest 1% of people use racial categories, such as black, red or yellow, to conceal the real battleground, which is the clash between the upper class and the middle class. A poor person branded as "white" has nothing in common with a rich manipulator of such racist ideologies.

Sunday 11 July 2021

Low-taxes havens

As it is known, after many governments around the world had declared a state of emergency, citizens were encouraged to stay at home. As a consequence, since March 2020 an increasing number of people have been buying what they need online. And it seems unavoidable that many stores will permanently shut down. Unfortunately, the more big tech companies sell their products and services online, the more retailers shut down their businesses. The picture below shows an old shop whose owner had been selling olive oil and wine for decades. Since early march 2020 it has been shut down. 

The main problem is that big tech companies, such as Amazon and Google, shift their profits to low-taxes havens. And countries where revenues are earned haven't been allowed to tax big tech multinationals. That's why big tech companies can be very competitive and so able to destroy retailers around the world. In other words, they're destroying the middle class slowly and gradually.

In this perspective, two days ago in Venice, finance chiefs of the G20 large economies have just endorsed the first step of a plan to stop multinationals shifting profits to low-taxes havens. The deal would establish a global minimum corporate tax of at least 15%, as big tech companies would be taxed on where they sell products and services, rather than on the location of their headquarters.  

Friday 2 July 2021

Fourth wave or false information

Since late June there has been a great deal of talk about a fourth wave of coronavirus. Many countries, such as France, Italy, and Ireland are likey to have a fourth wave of the COVID-19 virus, as the new variant begins to take hold. It seems that the rapidly transmissible strains were first identified in India, where government imposed restrictions.

Unfortunately, these bad news have a big impact on people's mental health, not to mention of false information, which are important in manipulating public opinion and creating an atmophere of uncertainty.

Menanwhile, many people in the EU would like to enjoy beaches, coffees, and restaurants, although governments have painted a bleak picture of the Summer ahead.