The following is a response to an open letter from Russian environmentalists Yevgeniya Chirikova and Nadezhda Kutepova. *** Dear Yevgeniya Chirikova and Nadezhda Kutepova, First of all, thank you for your courageous actions to protect our planet and fight for political freedoms. Those who stand against entrenched political and economic power often face retaliation from the elites who are leading us into economic, …
Nick Beams – World Socialist Web Site – The significance of the elevation of the Chinese renminbi
The elevation the Chinese renminbi (also known as the yuan) to the basket of global currencies making up the International Monetary Fund’s special drawing rights (SDRs), in effect making it an international reserve currency, is unlikely to have any major immediate effects. But it does underscore the vast transformation in the foundations of the world economy over the past three …