Asking people about how they make their money is simply not the done thing. Unsurprisingly, bankers nurture this custom. No questions asked means no dirt exposed. That’s why those squeaky-clean Swiss bankers – portrayed as the epitome of banking etiquette because of their ‘discretion’ – have been able to hide the proceeds of theft by Nazi criminals or corrupt officials in Africa for decades. Under this shroud, bankers everywhere have quietly furthered their monopoly in the business of money making, setting up tax-avoidance schemes and shifting capital in quantities beyond the imagination of ordinary people. Few discover how. It’s all too complex.
Or is it? This month, the NI explains in straightforward language how banks make money.
Every month, we put up a selection of articles from the magazine. To enjoy the complete magazine, subscribe and receive three free issues and a world map. Or buy a digital subscription which gives you unlimited access to all magazines since 2007 and for a year after purchase on your computer or mobile device, in their original full-colour design.
I was on an assignment at Domra Kanda, an asylum for the mentally ill in Kishoreganj, Bangladesh, where the only medications provided are these ‘medallions’ filled with spiritual spells and ‘blessed water’ from traditional spiritual healers.
Together with a whistleblower, Lucy Komisar exposes the offshore operations of the world’s biggest bank.
Havana Black by Leonardo Padura and translated by Peter Bush
The true owners of the silver in the vaults.
The Death of Mr Lazarescu directed by Cristi Puiu
Chris Abbott argues that the ‘long war’ is the wrong war on terror.
New Internationalist campaigners explore alternative banking and resources.
Dheepthi Namasivayam goes in search of banks that refuse to lend to arms traders.
As the credit card consumes Chile, Lezak Shallat takes stock.
Belize is a renowned eco-tourist destination for ‘reef and rainforest’ holidays. Tourism has come at a cost though, including damage to the reef, adding to that from pollution and global warming.
Government desperate to restrict the spreading rural revolt
Chris Richards steps into the secret world of high finance.
(1847-1931), US inventor of the light bulb, phonograph and movie projector.
The Chagos Islanders: Lindsey Collen introduces the women who have kept the decades-long struggle alive.
and local environmentalists causing an international stir in Latin America.
Banks ditch the poor, reports Yvonne Chua from the Philippines.
Anil Netto finds out how Malaysian Government money ends up in the pockets of the wealthy.
Fences are marching across the Patagonian wilderness, displacing indigenous peoples and turning pure water into private property. Tomás Bril Mascarenhas reports on another conquest, this time by foreign investors.
Two million hectares have been earmarked for women and indigenous peoples.
Technology can be a great enabler, helping people to earn a living. But it is also a mirror of social inequality. Some of us have a glut of high-tech devices, others don’t even have electricity. Under the rubric of ‘technology transfer’ useless or harmful technology is often dumped on the Global South. How to make technology work for the poor? Here’s an idea: start from the ground up rather than top down. It’s called technology justice.
In a nutshell: the countries most recently featured in the New Internationalist magazine.
Sharp insights from an array of guest writers.
Personal stories from our own correspondents.
Interviews with inspirational people.
Reviews of the latest books, films and music.
Seeing the world through a Southern lens.
A regular column from some of the best writers of the South.
Taking aim at the rich and powerful.
If you would like to know something about what's actually going on, rather than what people would like you to think was going on, then read the New Internationalist.
– Emma Thompson –
Save money with a digital subscription. Give a gift subscription that will last all year. Or get yourself a free trial to New Internationalist. See our choice of offers.