(February 8, 2011) Chuck Spinney at the Atlantic has written an interesting article comparing carbon credits to the complex mortgage dervativs that led to the financial meltdown.
(Febraury 2, 2000) The early 1980’s financial crisis faced by many countries in the
South had unpayable debt service as the immediate cause that was
precipitated by the tight money policies in the rich countries that
drastically hiked international interest rates. The debt debate ignores
the fact that debts were contracted as a result of borrowing by
undemocratic governments that were not mandated by the people.