Viewpoint by Jonathan Power*

LUND, Sweden (IDN) — Adam Smith who in 1776 wrote “The Wealth of Nations”, the Bible of capitalism, which has become the standard economics text for over two centuries, was quick to single out monopolistic tendencies as the most important tool in undermining the virtues of capitalism. It kept the poor poor. The laws that give these capitalists their freedom to exploit the marketplace, so-called rent-seeking, “may be said to be all written in blood”. At the moment, Amazon is in the firing line for practicing such practices. Indeed, a majority of Silicon Valley companies rent-seek. Big pharma companies, like Pfizer, which is expecting this year 25% profits on its corona virus vaccine are another.…

A special feature by Kalinga Seneviratne* to mark UNESCO’s World Press Freedom Day.

SYDNEY (IDN) — In recent months, there has been alarming one-sided reporting in the so-called mainstream media—both internationally and nationally—that sounds more like public relations handouts from the big pharmaceutical companies from the West. This ‘vaccine consent’ journalism and the labelling of anyone questioning the safety or ethics of the vaccine roll out as “conspiracy theorists” is slowly but surely killing the “watchdog” role of journalism.…