The New Economy If You Are Not Rich 

How COVID-19 could push 49 million into extreme poverty | World ...
As we approach the uncertain aftermath of the COVID-19 pandemic, many developed and developing societies remain shaken, disrupted and precarious. Jobs and austerity are the main tacit or stated socioeconomic fear of most people. The political economy of despair we are witnessing never enters the perception or the historical heritage of a nation, place or people with positive reception. We accept COVID-19 as a global pandemic is a tragedy. Most will survive it, but the death toll remains staggering and the caused disruption colossal in many countries. Our daily transactions, interactions and relations society and the economy rely on had to cease indefinitely, but for how long?
The problem for most citizens around the world is the survival of their regular economic and social expectations. Individuals have had to deal with many trenchant uncertainties at once, unawares. Jobs, businesses, opportunities, property, status, privileges, leisure and rights, many aspire to or worked so hard to attain are now looking like the glimmers of a past era. Yet, in our free-market-oriented world, orthodox economic theory demands everyone without exception must be rational in their actions. Rational cannot prevent winter or make disasters disappear instantly. To ask robust rationality of citizens under conditions of despair or even prosperity is quite a stoic demand. The political economy of despair under the current paradigm is never complete without the contradictions it produces.

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Nigeria’s Brown Envelope Journalists

A documentary on corruption in Nigerian journalism. Narrated and produced by Nic Muirhead; featuring journalists, Nicholas Ibekwe and Kadaria Ahmed; political economist, Grimot Nane; and Special Adviser on media to President Buhari, Femi Adeshina.

Obasanjo 3 Soyinka 0

OBJ Soyinka

The bickering between Nobel Laureate Wole Soyinka and ex-President Gen Olusegun Obasanjo (Rtd) continues. Sometimes simmering sometimes crackling it will never stop. There is no love lost between the two men. Obasanjo is the hedgehog and Soyinka is the fox if one uses Isaiah Berlin’s understanding of great characters. However, the bickering in question is over the contents of the memoir “My Watch” by Obasanjo which has seen Soyinka caught out with a hat trick; Obasanjo 3 Soyinka 0!

Djomuu! Continue reading

Corruption: One and a Half Questions

Since the widely preferred mode of organisation (partial or encompassing) for our “globalised political economy” in both public and private spheres is corruption, how are useful and successful anti-corruption programs going to produce “better governance” or “cleaner governance” or “good government” or “good corporations”? Who will implement and sustain these anti-corruption programs?

Wikileaks: The Lesson So Far

“Financial asphyxiation” is going to be a buzz word that will be popular with politicians (silently) and activists (openly) in future… I guess. Why? I will briefly and emphatically state that the core message and implication of the Wikileaks saga so far is: if you act against the interests of the owners of global and national political economies, legally or otherwise, your efforts will be annihilated through the mechanical ostracism of financial institutions. This is the story and anything else is neither secondary nor tertiary but at best quaternary. Continue reading

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